"Charles Momsen" wrote in message
...

"Wilbur Hubbard" wrote in message
anews.com...

Going into bankruptcy and receivership is not necessarily failure. Under
bankruptcy the companies can be restructured, some debts eliminated and
contracts renegotiated. Here's an article you can read and add to your
vast repertoire of MBA knowledge (unless you want to continue parroting
the false dilemma of "allow the Big Three to fail") :

http://en.wikipedia.org/wiki/Bankrup..._United_States



You're attempting to educate Gaynze about bankruptcy?
Bwwahahahhahahahhahah!

Hey, he's morally bankrupt so surely he knows all about it.

Wilbur Hubbard


Here's the education----

GM's net assets are listed he

http://finance.yahoo.com/q/bs?s=GM

As of June 08, they have net assets of $136 billion. The largest
bankruptcy in history occurred in Sept 08 with assets of over $600
billion. It's right on the bankruptcy link. So why is the concern over GM
bankruptcy, which is only 20% of the largest? Throw in the 2 other
automakers and it still is much less than a $600 billion + bankruptcy.

It's all about having the public subsidize the plush union benefits at the
expense of those who have much, much less.

BINGO! The unions have done what they do best. They have priced themselves
out of the marketplace but, since Democrats are beholden to and dependent
upon their Union voting block, Democrat leglislators are going to to do
their best to spread the debt from the union looters to the productive,
non-union private sector. If unions can't recruit somebody legitmately
they're very good at stealing what they want - always have been.


Look for the union label on the baseball bat coming through the
windshield!

Ganz can't be educated. He merely repeats what he is told, very little -
if any - thinking goes on between his ears. But that's Dave's puppet
show - an enjoyable one indeed!

Thankfully we have brilliant, masterful people such as you, Wilbur
Hubbard, to counteract the masses of drooling, unthinking, knee jerk
liberals.

I pale in comparison to you, Dear Sir!!! Keep up the good work.

Wilbur Hubbard