Thread
:
End of the line?
View Single Post
#
33
posted to rec.boats
BAR[_3_]
external usenet poster
First recorded activity by BoatBanter: Oct 2008
Posts: 1,227
End of the line?
wrote:
On Sat, 15 Nov 2008 14:00:46 +0000, Tom Francis - SWSports wrote:
My own feeling is that let 'em go. Do the pre-pack, restructure to a
smaller, leaner, less expensive operation, drop a number of lines that
make no sense (like Hummer) and start competing again as a more
efficient and cost effective company.
GM deserves to go down, but ... We are now spending $1 trillion to put
liquidity *and* confidence back in our markets. What does letting GM go
down do to that confidence? I don't see a choice. I don't like it, but
I think we have to do something to help GM.
Why? GM has been on a downward spiral for 20 years. This may just be the
final nail in the coffin.
Reply With Quote
BAR[_3_]
View Public Profile
Find all posts by BAR[_3_]
End of the line?