Detroit Bail-out

[justwannano]

Quote fab
As far as why companies don't use asbestos or manufacture lead paint or choose not to use flame retardant material in childrens pajamas has nothing to do with health insurance, but something called class action lawsuits. They get the pants sued off of them for doing stuff like that, especially once it becomes known that those actions are harmful. Peter Angelos and Saul Kerpelman are famous for asbestos lawsuits and lead paint poisoning law suits in the Baltimore area, and Peter Angelos made enough from class action asbestos lawsuits that he was able to buy the Orioles baseball team. About 8 years ago, Angelos made $200 million+ on a class action lawsuit against the tobacco companies on behalf of the State of Maryland. The judgment amount was $25 billion and Angelos' contingency fee agreement provided that he should get $4 billion. The State thought that was a little much, so they took him to Court and the Courts agreed and reduced the attorney fee from $4 billion to $200 million. Try comparing that to CEO salaries.
/q

You are not looking far enough back.
Someone had to sound the alert.
I suppose it could have been the local undertaker but I'll bet it was insurance companies.

IMHO class action law suits are just a balancing act. Too many law suits and the court system is overloaded.
As far as ball players making all that money. Disgraceful is not near a strong enough word.
But as long as there are those that have enough money to pay to fix ball games that will probably continue.


I'm guessing some of those execs couldn't walk around the bases.
Then again we aren't talking about ball players.

Speaking of that I'd also guess that the CEO that you were trying to compare to the guy that installs seats probably couldn't physically last the day.

Have a good one
just

Oh one last thing.
Did your father have insurance paid for by his employer>