{"id":192751,"date":"2009-02-25T18:23:00","date_gmt":"2009-02-25T23:23:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/25\/ford-is-going-bankrupt\/"},"modified":"2009-02-25T18:23:00","modified_gmt":"2009-02-25T23:23:00","slug":"ford-is-going-bankrupt","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/25\/ford-is-going-bankrupt\/","title":{"rendered":"Ford Is Going Bankrupt"},"content":{"rendered":"<p>And existing shareholders will be wiped out.<\/p>\n<p>How do I know this? <\/p>\n<p>Because Ford has <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=asdncSdZvlfM&amp;refer=home\">concluded negotiations with the UAW to allow them to fund their health care trust fund with stock<\/a>.<\/p>\n<p>If there is anything that I am sure of, it is that when equity in a company is used as a benefit for rank and file workers, they <span style=\"font-weight: bold;\">will<\/span> be wiped out, along with other share holders, in a bankruptcy.<\/p>\n<p>Call me a cynic, but just ask the United Airlines pilots.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>And existing shareholders will be wiped out. How do I know this? Because Ford has concluded negotiations with the UAW to allow them to fund their health care trust fund with stock. If there is anything that I am sure of, it is that when equity in a company is used as a benefit for &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1108,1023],"tags":[],"class_list":["post-192751","post","type-post","status-publish","format-standard","hentry","category-auto-industry","category-labor"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192751"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192751"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192751\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}