Quote:
Originally Posted by Igottago
Correct me if im wrong, but i dont think these contracts were written up under the assumption that government (taxpayer) bailout money would be used to pay them. Conditions have changed, the source of the money has changed, the company wouldn't be able to honour the contracts without the bailout anyways, so should the contracts still be honoured the same way?
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.....and the contract is still the same, and needs to be upheld by both parties.
The Federal Government screwed this one up. Now the taxpayers are obligated, by law, to pay these contracts.