Yeah, I know what he said....."A contract is a contract.....etc...."
But that's not what happens in a BK court. All contracts are null and void and renegotiated on a need priority basis. Everything changes and nothing changes as it depends on the bean counters.
If there were a structured BK, as has been put forth by many, including myself, Siri's contracts could all be tossed. There are all sorts of in between things that could happen. The judge could decide the deal is good for GM and keep it. Or not.
The point is, SIRI would not instigate anything. It would be done by the court receivers. They would have the ball and they could end it, or force compliance.Unless the contract is violated on GM's side.
All moot, because Pelosi, Dodd and Mr. O will not let the union be damaged. No matter how much it costs taxpayers in the end.
I am currently stocking food and ammo.........
IMHO
just sayin.........