Mover Mike

...today, there are reports that the Company is planning to (i) close 21 of 29 plants, (ii) dismiss 8,500 salaried workers, (iii) cut the hourly wages of some 35,000 workers, and (iv) ask a judge permission to void its legal obligations to workers.

At what point, in grasping for the bottom of the economic barrel, do U.S. legislators come to the realization that America needs to legally restructure defined benefit pension plans, corporate bankruptcy, executive compensation, ‘private capital’ regulation, and on and on.