"let" :nohead:
what a sham america has become
as for ramifications same thing that will happen if (more like when) we intervene.....lots of job losses....pension problems.....
it will just be drug out over a longer period of time if we don't "let" them go bankrupt
what a sham america has become
as for ramifications same thing that will happen if (more like when) we intervene.....lots of job losses....pension problems.....
it will just be drug out over a longer period of time if we don't "let" them go bankrupt
Chapter 11 bankrupcy (reorganization) is designed for such things. Shareholders get wiped out, hopefully bondholders too. Union contracts can be broken.
GM and Ford *need* to go bankrupt.
At that point the government can assist their reorganization, but the government should NOT bail out bad investments (equity & debt) in GM nor Ford; nor should it keep insolvent and dysfunctional companies running on a constant lifeline of taxpayer money, supporting incompetent management.
GM and Ford *need* to go bankrupt.
At that point the government can assist their reorganization, but the government should NOT bail out bad investments (equity & debt) in GM nor Ford; nor should it keep insolvent and dysfunctional companies running on a constant lifeline of taxpayer money, supporting incompetent management.
It's not as simple as that.
Toyota and Honda aren't hobbled with ridiculous union wages and benefits. They have a large competitive advantage right from the start.
Let Ford and GM die a natural death.
Let Americans see first hand the effects of a Union that cuts its own throat...and management that capitulates to ridiculous demands and doesn't do their job in many other ways.
What is everybody worried about? :think2:
The other automakers will simply absorb Ford and GM market share.
Whats wrong with that?
What kind of self defeating attitude is this? I have to buy an inferior product for some guy with no education who makes more money then i do with probably better benefits all the while im paying back my school loans? No thanks. Im not propping up someones way of life by buying less for more, i say sink or swim. That guy will be pumping gas if it goes under, so maybe he should have thought about that before he tried to hustle his company with outrageous contracts. now as far as the company goes...they made inferior products. Game over. They can say what they want about the contracts but at the end of the day, they were a big proponent of planned obsolescence and they refused to stay ahead of the curve...bad call brother. So its fucking irony at the greatest level to see them go under. Sorry you work for them Road, but you will find other work, the transport business is alive and well.
Like I said they will do a BK reorganization. This means same company, no debt, bust union contracts, pension, other expenses off the books and start over in sustainable manner. Or simply rinse and repeat.. Either way I called this when Ford leveraged every asset they had for a $17 billion dollar loan from Citi Bank.. To bad I didn’t have the balls to short the stock then.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com
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Like I said they will do a BK reorganization. This means same company, no debt, bust union contracts, pension, other expenses off the books and start over in sustainable manner. Or simply rinse and repeat.. Either way I called this when Ford leveraged every asset they had for a $17 billion dollar loan from Citi Bank.. To bad I didn’t have the balls to short the stock then.<o
good luck with the bust union pension stuff now that dems have full control
we will repeat the 30s and drag the shit out
except this time is different in that back than we didn't have all these entitlements to worry there were no expectations of handouts from the government like there is now
hopefully over time people wake up and realize government socialism has failed and they can't save you
this is a good rant from another board not my words spot on
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The time is over for GOP, Keynesian policies
These weren't Bush or Reagan programs though. Progressive tax and welfare and Social Security and Medicare and the other explosive programs. Forget the deficits. The financial system has no mathematical solution. The collapse was 80 years of piled up crap and a repeat of the FDR solution the lie everyone was told worked. That is the retread that is based on a bankers fiction. The 1990's produced these bubbles, not the 2000's. They just started bursting in 2000. People love freebies. Instead of offering something half price, buy one get one free sells. The idea that Clinton was running a surplus because of his policies would mean that he created this bubble that created the cash to pay the taxes to run a surplus. stock options in a mania created that surplus and hte nonsense that the budget was going to be paid off was just that, nonsense. Reagan inherited an exploding level of unfunded liabilities, $5 trillion incurred under Carter alone. $5 trillion then is $20 trillion today. The GDP was $2 trillion in 76, if that. There hasn't been much socialism since it bankrupted the country in the 70's. The social wars I recall were declared by Johnson, FDR and Nixon. These are the rules of necessity that we see in action under Paulson today.
Like I said they will do a BK reorganization. This means same company, no debt, bust union contracts, pension, other expenses off the books and start over in sustainable manner. Or simply rinse and repeat.. Either way I called this when Ford leveraged every asset they had for a $17 billion dollar loan from Citi Bank.. To bad I didn’t have the balls to short the stock then.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com
You think Obama and Pelosi are going to do that?
No way in hell.
Eventually they won't have a choice.
This car stuff went on in the 1970s in the UK.
Eventually it all goes
up.
Toyota or an Indian/Chinese company will "merge" with GM or Ford, and they'll disappear forever.
Then in 20 years guys like Tizzy will talk about the classic Fords etc in places like this.
This car stuff went on in the 1970s in the UK.
Eventually it all goes
up.Toyota or an Indian/Chinese company will "merge" with GM or Ford, and they'll disappear forever.
Then in 20 years guys like Tizzy will talk about the classic Fords etc in places like this.
Eventually they won't have a choice.
This car stuff went on in the 1970s in the UK.
Eventually it all goes
Toyota or an Indian/Chinese company will "merge" with GM or Ford, and they'll disappear forever.
Then in 20 years guys like Tizzy will talk about the classic Fords etc in places like this.
Who cares?
Let em die...and we can invent the next better thing.
100 years ago they couldn't figure out where they could possibly put all the horse shit as the country grew...or where the Whale oil was going to come from. Peak Whale oil was a bitch.
We must be getting close to the next "new thing" with all this hand wringing going on.
Give me my flying car damnit...it's been on the cover of Popular Mechanics for 50 years now.
