Tha Man

Rumor: GM Pressuring Dealers to Oppose Legislation

The only reason they are now 'employee owned' is the bondholders got the shaft and the government was paying back the UAW for their contributions to Democrats so they said 'no' to their control. They couldn't have afforded it any other way. We should have funded their pension under the federal guarantee (PBGC) and then let GM sort out their problems in bankruptcy. In the end we will have to fund the pension anyway since they will not get a return from the stock to cover the benefits. Just wait 5-7 years.....