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In reply to the discussion: A Very Bad Idea Coming Soon to a City Near You [View all]RickFromMN
(478 posts)36. I did not realize bondholders were first in line.
I thought governments and corporations told people to work at lower wages now
and they would receive pensions and other benefits later.
Clearly these promises cannot be trusted as is.
Workers must demand future promises be funded and the funds placed
in irrevocable instruments to insure workers get these promised benefits.
Perhaps if cities feared they could not hire workers in the future when they
go back on their promises to workers regarding future benefits, they would
hold promises to workers in the same regard they hold bondholders.
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Wtf would a bondholder care about retirees? You don't want to pay you don't get debt to
jtuck004
Dec 2011
#29
So the rest of us have to stick it to the bond holders to the degree where they no longer can profit
saras
Dec 2011
#6
I would think bondholders are pushing ahead of others in line in the bankruptcy,
RickFromMN
Dec 2011
#16
I was under the impression that bondholders are first in line in a bankruptcy proceeding
badtoworse
Dec 2011
#20
Pensions are deferred pay. The RWrs have messaged pensions to mean some sort of golden parachute
wiggs
Dec 2011
#11
How will the Plutocracy protect itself if it keeps doing this to its police gangs? n/t
Zalatix
Dec 2011
#14
Let's hope the officers who have harassed & abused OWS read this or hear about it.
pacalo
Dec 2011
#18
Another instance of "class warfare" from the top down. Disgusting in the extreme. n/t
whathehell
Dec 2011
#19
When my father was alive, he worked for a corporation that promised him and my mom medical care
fasttense
Dec 2011
#24
Us UAW retirees did just that when the retirees were not allowed a vote in the cuts
NNN0LHI
Dec 2011
#30
Seriously? The court ruled that retirees will just take whatever the current managers want to pay?
lumberjack_jeff
Dec 2011
#34