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People, the pensioners, people currently working for the city, and retired. they re telling me they are scared. they re scared their health care benefits are going to be cut. they re scared their pensions are going to be cut. is there any way to exit bankruptcy without concessions from them? we do have roughly 9700 employees and 19,700 retires, who deserve state of the art current 21st century services. nothing is going to change for the rest of this we will go through this process. we have no plans. they re worried about their retirement. let s talk about. we re looking at the unfunded portions. we only have two retirement plans. we re looking at the under funded portion. that would be part of a dialogue to determine what that is. ....
Managed bankruptcy as the way forward. the course i recommended was eventually followed, but something else happened along the way that was truly egregious. before the companies were allowed to enter and exit bankruptcy, the u.s. government swept in with an $85 billion sweetheart deal disguised as a rescue plan. by the spring of 2009, instead of the free market doing what it does best, we got a major taste of crony capitalism obama style. yeah, i guess lehman brothers did all right when they were left alone, didn t they? well, first of all, let s talk about the politics of this. we re going into michigan. we are. internal polls among republicans in michigan show that something like 62% of republicans in that state oppose the bailout, 19% supported it. so this is good politics for romney. the argument they re going to be making, though, moving forward, ....