QUESTIONS ABOUT BANKRUPTCY: “While I disagree with some of Price’s points it seems to me that he is correct in his key observation, which is that although the presence of a collective-bargaining agreement often does matter in bankruptcy, it doesn’t seem like it explains what is going on with respect to the treatment provided to the Delphi salaried employees and smaller unions in Delphi versus the treatment given to the UAW and Steelworkers.”

Gosh, what could explain that?