[SkatrySkith]

Bob, that is BS.

It is like saying that removing all clean air laws will make it so that we do not have to depend on Foreign Oil....

GM is in trouble because its pensions were funded by investments in the stock market.

They had this HUGE profit one year because they did not have a safe base that would insure a decent income on investment for the expenses they had each year. IOW, instead of placing enough in things like Bonds to insure enough for the pensions currently enrolled, they placed it all ni something they could, at the time, get more money on.

Also, here's the killer. If they made $20B last year (or the previous) on the pension fund, where did that $20B go this year? They lost $12B, so basic math tells you that they are still UP $8B.... Unless they did not SAVE that surplus.....

They really need to start looking at the golden parachutes and start snipping lines before they declare bankruptcy and force those that planned their retirement on a substantially smaller pension are not left out in the cold when they freeze the entire thing.

Oh, freeze it AFTER paying off the big-wigs though..... Those golden parachutes weigh a lot! You don't want them hurting themselves falling from that height don't you know!!!