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>>> How long before Obama gets involved ?

He won’t. This is what he wanted.

Union thugs have already fulfilled their “useful idiot” role.

They got him elected.

Now they get to see why it’s good to have a president who is loyal to the country instead of Al-Quaida.

The company is also seeking permission to pay a group of 19 managers bonuses ranging from 25% to 75% of their annual base compensation. Those payments would total up to $1.75 million, the company said. In addition, it wants to pay 3,200 employees bonuses equal to 25% of what they will earn from Friday until their wind-down-related duties are completed. Those payments would total $4.36 million.

I think you are wrong about Obama not getting involved.

Obama may have wanted this but if he did it would be specifically so he could once again stick it to the rich capitalist and give another company to the oppressed worker.

I expect either Obama or his attack dog for labor the National Labor Relations Board to jump in to this fight to make sure that the Unions get the bulk of monetary assets of this company’s worth.

The legal rights of investors and bond holders will be trampled in favor of unions with little in the way of rights in bankruptcy.

I think that the idea of managers getting bonuses while the union members get nothing will enrage Obama the true believer in Workers of the World Unite.