http://lawdork.net/2009/03/17/dealbook-says-pay-em/ Same dork, new year! Thu, 13 Jan 2011 15:38:37 -0500 http://wordpress.org/?v=2.8.1 hourly 1 http://lawdork.net/2009/03/17/dealbook-says-pay-em/#comment-94 PG Wed, 18 Mar 2009 20:08:29 +0000 http://lawdork.wordpress.com/?p=536#comment-94 You might have misunderstood his union example, as he didn't make it clearly. The negotiation between the auto unions and the manufacturers is based on the continued survival of the companies and thus of the unionized workers' livelihoods. The auto workers aren't getting snapped up by Toyota and others in the same industry. If the unions don't give a little, all their members are going to be unemployed. In contrast, apparently these bonus-winners are ready to walk away from AIG -- and in what I thought was the really f***ed up part of Sorkin's argument, go to work undermining AIG's stability for another entity's profit, thanks to their insider knowledge of its problems. I'm writing a post about how accepting Sorkin, the WaPo editorial board and others seem to be about the fact that we're basically being blackmailed by the AIG folks: either we pay them through the nose, or they screw us over by going to firms that will make a buck off undercutting AIG. You might have misunderstood his union example, as he didn’t make it clearly. The negotiation between the auto unions and the manufacturers is based on the continued survival of the companies and thus of the unionized workers’ livelihoods. The auto workers aren’t getting snapped up by Toyota and others in the same industry. If the unions don’t give a little, all their members are going to be unemployed. In contrast, apparently these bonus-winners are ready to walk away from AIG — and in what I thought was the really f***ed up part of Sorkin’s argument, go to work undermining AIG’s stability for another entity’s profit, thanks to their insider knowledge of its problems. I’m writing a post about how accepting Sorkin, the WaPo editorial board and others seem to be about the fact that we’re basically being blackmailed by the AIG folks: either we pay them through the nose, or they screw us over by going to firms that will make a buck off undercutting AIG.

]]> http://lawdork.net/2009/03/17/dealbook-says-pay-em/#comment-93 I Agreed With Pat Buchanan? « Law Dork, 2.0 Tue, 17 Mar 2009 22:12:44 +0000 http://lawdork.wordpress.com/?p=536#comment-93 [...] Ross Sorkin, whose DealBook column today I discussed earlier, was on Hardball this evening, opposite Pat [...] [...] Ross Sorkin, whose DealBook column today I discussed earlier, was on Hardball this evening, opposite Pat [...]

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