Thread regarding Sears layoffs

Eddie doesn't want to pay for anything Eddie can get out of. I don't think anyone would dispute that. When Eddie asked congress for pension relief it was at a time, the end of the Bush presidency and beginning of obama's that corporations were getting bailouts and special favors. They were handing them out left and right and many companies were in line to see what they could get.

There is a sea change. The American people have spoken and there is a new sheriff in town and I believe the old days of crony capitalism are over...for now.

Again, the american people will not stand for it and the media who hates Trump will be all over it. I don't think Trump's ego will allow him to fail and be a 1 term president by betraying the trust of the American people who put him in office. He will not save Eddie's bacon at the expense of his presidency success and how he will be remembered in history. Why would he sacrifice that? To make some billionaire even more wealthy?

I just don't think the political climate is in Eddie's favor.

If anyone harbors any doubts about Eddie's contempt for the Sears Pension Fund, then you must be either naïve or uninformed. If the latter is the case, then refer to the link below. In 2010 Eddie solicited Congress to ease Sears obligations to the pension fund. That is not speculation or conspiracy; it is fact! To date, I have never seen any indication that Eddie has changed his opinion on this matter. Also, Mr. Mnuchin was serving on the board of directors when Eddie made this request to Congress!

http://www.chicagobusiness.com/article/20100522/ISSUE01/100033424/pensions-could-hit-lamperts-buybacks-of-sears-stock

Are you really comparing the fact that Eddie is legally able to eliminate the employee discount in his company with avoiding paying the pension? Come on.

This is just speculation. If some want to play then fine but don't get mad at the ones who don't believe in the speculation.

In regards to speculation:

I speculate that all dollar bills will become as worthless as the paper they're printed on and the stock market will totally collapse, social security will become bankrupt and ALL pensions both government and private will disappear and the government will confiscate all precious metals and make it illegal to sell or use as tender and we will all be poor.

@2hiz - An insightful and well stated post!

These aren't conspiracy theories. Speculation sure. But as noted below -- a friend helping a friend isn't unusual. It not going to be called A Bill to Shut Down the Sears Pension. It will be a small looking change in law that has a ripple effect. May even appear to be an unintended consequence but lo and behold, the pension is now reduced.

Remember, your dealing with a company that when faced with low morale, decides to remove the employee discount with 2 weeks notice to the employees. While you were busting your butt during the holiday season, Eddie and Leena were converting your money to points. Worthless points on overpriced merchandise.

Stop with the conspiracy theory's .. The treasury will not bail out Sears nor will they hurt the pension. The pension has enough property and IP locked up to take care of the short fall.

Judges decide issues like this not a Secretary of the Treasury

Has anyone else noticed that there are several people posting on this thread that keep downplaying the severity of the issues facing the Sears pension fund? I wonder why they would be doing that? Things that make you go hmmm!

"Low interest rates" for every 1% increase in interest rates the pension gap closes by 600 million i.e. If interest rates go up 4% the pension will be overfunded

"Know one knows anything."

My spelling correction:

No one knows anything about anything.

Well I guess if Trump wants a second term and not lose the support of the middle class folks who put him in the White house, ya know the ones who were fed up with being left behind due to stagnant wages, increased health care costs, low interest rates on savings, higher prices etc etc. and furious with the bail outs and special favors etc etc, while they got shafted then he will not jeopardize his presidency with allowing Mnuchin to help out a friend. And yes, the media will be paying close attention to his every move and they will broadcast anything that looks like crony capitalism or helping out friends. The media and left wing would salivate over this story because it would anger his base support, ya know---the ones who put him in the White house.

This thread is just intended to spin people up. The hard working people who lost their jobs and now they want to worry them about losing their pension. Know one knows anything.

@1tnb - You are so correct, there is nothing to get upset over. Never in the history of our federal government has there ever been a case of questionable political influence. Bahahahahaha!

Good luck with that bankruptcy judge. Hope you get one that values the contributions of the working person. Rules and regulations are changed all the time without the media paying too much attention.

I know I'm a loser thank you

Hey Shareholders. Looks like someone struck your nerve you looser.

The media is so anti-Trump they would be all over this. Mnuchin isn't going to do anything to jeopardize the Trump admin over something like this. I think this thread is just intended to spin people up. No one knows what will happen. There is a pecking order of who gets paid during a bankruptcy and it will come down to a judge to decide. Other than that everything is just speculation and not worth anyone getting upset over.

Yes. Any loophole to avoid paying the pension will be used with full government support. Laws get changed and it's difficult to get them changed back unless there's a public outcry. If certain legal provisions are tailored to impact SHC employees but not too many others, Good Luck.

I just got in at $8.80...kiss my a-- u Peasant

" Shareholders" So you weren't smart enough to sell and get out when it was worth something? Tells how bright you are.

Will never happen

Good news for us shareholders