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Remember way back during the housing crisis when homeowners were being foreclosed on left and right and Republicans refused to lift a finger to help them? Those on the right said things like "A contract is a contract."

Of course if you are a large company it is a totally different story.

Eastman Kodak Co said on Wednesday it was ending retiree healthcare and survivor benefits at the end of the year, allowing it to resolve a $1.2 billion liability, one of its biggest obligations.

The benefits, which include medical, dental, life insurance and survivor income benefits, will end December 31.

To make matter worse, the bankruptcy judge approved payouts to Kodak executives as a part of the proceedings in excess $8.8 million in cash and deferred stock for 15 key management employees.

Kodak, which bumbled its way into the digital photography age, is going to pay the executives that doomed the company to bankruptcy $8.8 million; however, the people who worked for Kodak and have since retired are losing their health benefits. In many cases these people are on a fixed income ... just how in the hell do you make up for something like this being taken away? Why is it that the executives get taken care of while the workers get screwed over? Isn't a contract a contract?

It seems as if it is never okay to break a contract if it benefits an individual; however, if it benefits a corporation or the 1 percent it is perfectly okay.

Originally posted to Daily Kos Labor on Thu Oct 11, 2012 at 11:11 AM PDT.

Also republished by Badger State Progressive and ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement.

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