It seems that del monte proper is not actually declaring bankruptcy, so how is it that the American tax payer is left picking up the check on this one? Privatized profits, socialized losses!

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fckgw 7 hours ago | parent [-]

The money isn't going to Del Monte, it's going to their suppliers. The ones who lost money when Del Monte closed.

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Cakez0r 7 hours ago | parent [-]

Yes, i have no issue with that, but why is the money coming from the tax payer instead of del monte?

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Legend2440 6 hours ago | parent [-]

Del monte filed for bankruptcy last year. That's why the cannery was closing down in the first place.

	▲	Cakez0r 4 hours ago \| parent [-]
		In name only. Del Monte is still operating.