Friday, July 31, 2009

The GM/Delphi Saga will never end.

Just watched a story about a man that was asked to leave and sever all ties with GM as a buyout offer. In doing so he was to get a severance payment of $140,000 before taxes. He was to collect NO unemployment, sub pay or anything else. Since then, 10 MONTHS ago he has received nothing and GM filed for bankruptcy. Because he was in the IUE-CWA union vs. the UAW he is now part of the "Bad GM". He has absolutely nothing. Watch this.

This is because GM did their usual and did not own up to their responsibility. This is because a judge did not look beyond the three piece suits in front of his court. This is because OUR banking system, Goldman Sachs, Lehman Bros. et al decided profit was more important than honesty. This is because OUR government looked the other way.

So sad.

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