It's kind of like every month when you get the checks from one of your credit card companies. They want you to transfer your debt from the 25% card so you can have no interest with them for a year or something. You put off into the future what you can't pay today so you can't pay it tomorrow either. I think this is what is happening at Colt. I just don't see how a company like that could die. They probably need bankruptcy protection to get from beneath the mountain of debt they have at high interest rates and to break some of the union deals they have made. This is not the unions or the banks fault, it is Colt's management or lack thereof. This is the way our system works, like it or not.
