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AUTO LOAN TERMS ARE NON BINDING

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blueclown Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 09:33 AM
Original message
AUTO LOAN TERMS ARE NON BINDING
Edited on Fri Dec-19-08 09:44 AM by Barack08
:woohoo: :woohoo:

Big win for the UAW.

http://www.politico.com/news/stories/1208/16740.html

These terms and conditions would be non-binding in the sense that negotiations can deviate from the quantitative targets above, providing that the firm reports the reasons for these deviations and makes the business case to achieve long-term viability in spite of the deviations.


The Big 3 get their loan money instantly, but when President Obama gets into office with a large Democratic Congress, do you really think he's going to force the automakers to restructure?

Our first big win over George W Bush in 8 years, IMO.
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Dennis Donovan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 09:33 AM
Response to Original message
1. I sure hope so! Sorry for my chicken-little thread...
:hi:
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blueclown Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 09:34 AM
Response to Reply #1
2. Yeah, I overreacted too.
It turns out I should have read the details first. ;)
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Dennis Donovan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 09:37 AM
Response to Reply #2
4. With Bush, I figured he ironcladded it so it WAS bindable...
He's such a fuck that way.;)
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acmavm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 09:44 AM
Response to Reply #1
6. It's understandable why you thought that way. I did too. NT
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 09:36 AM
Response to Original message
3. I fiquared that was part of it
When I was watching Bush on CNN

He wants to leave office without being credited for the 2nd Great Depression
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 09:42 AM
Response to Original message
5. Non-bindING, but yeah!
:toast:
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blueclown Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 10:06 AM
Response to Reply #5
7. You are right. I fixed it.
:)
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