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[PHP][FONT="Comic Sans MS"][COLOR="Red"][SIZE="4"][FONT="Times New Roman"[COLOR="Red"]]"The creditors committees in those bankruptcies will never successfully negotiate a Plan of Reorganization..." [/COLOR]
"[COLOR="Red"][COLOR="Red"][COLOR="RoyalBlue"]UAW will not agree to any substantial give-backs to their wages, benefits ..."
"none of the other creditors will be motivated to take a haircut on what is owed them either ...."[/COLOR][/COLOR][/COLOR]
[COLOR="Red"]"when they all declare bankruptcy, the taxpayers will become the D-I-P lender of last resort, funding the negative cash flows for as long as it takes ...."[/COLOR]
[COLOR="Blue"]"the UAW, of course. And as long as they refuse to agree to give-backs, the other creditors aren't too motivated to take a haircut either ..[/COLOR]."[/SIZE][/COLOR][/FONT][COLOR="Red"][SIZE="4"][/SIZE][/COLOR][/FONT][/PHP]
All this leads to an interesting question..if you had the decisive vote in Congress, up or down, t-how would you vote?
"I'm thinking .. I'm thinking ......!"
Well, the above scenario is just one of many that 'could' occur. Today's events represent uncharted waters for a capitalistic society. There is no clear roadmap to identify direction. What the real fear, that we all may have to face, is a resulting 'civil unrest' that could arise in one of the larger urban areas and then spread dramatically throughout the country.