bafanguy
Well-known member
- Joined
- Apr 4, 2004
- Posts
- 2,528
General Lee said:This stopping of payments is pressure for Congress to give LONG term help, or they will dump it..
Bye Bye--General Lee
Well, it's hard to tell what has happened leading up to this point. The "effort" at getting pension reform from Congress is at best too little, too late and at worst just a smoke screen to make it look as if DL really intended to keep the DB plan but was just overwhelmed by events beyond their control.
DL didn't get to this point without some advance idea of what they intended to do. These people, for all their other "traits", aren't stupid and have spent huge sums of money on law firms and special consultants to help them craft this process. They don't just take a shot at it and see how it turns out. Just wait and see...in 6 months there'll be no more DB plan because they entered this process intending to get a distress termination from the get-go.
I'll be overjoyed ( and a lot better off ) to be proven wrong but at this point, I wouldn't trust GG any further than I could kick him. Stay tuned...this'll be interesting...like watching a train wreck.