wrote in message
t...
On Wed, 19 Nov 2008 05:58:49 -0800, wf3h wrote:


and if a company is much too big to be allowed to fail, how does the
market handle that?

Simple, don't allow them to get to big to fail. Anti-trust, anyone?

Anti-trust is certainly part of it.

But GM is no longer too big to fail, they haven't been for a long time.
Toyota is now larger. There are also many more large competitors. There
are also at least five other companies in north American manufacturing
plants that are about to lay people off as the industry has far more
capacity than the market will support. GM going down will give them more
reasons to keep their people.

So say you are Ford or Chrysler CAW/UAW, you should be ripping the heads off
of the union for trying to keep GM afloat as if GM produces government
subsidised cars, then how are others to compete? Hint, they will layoff
more at Ford, Chrysler, Nissan, Toyota and Honda.

So GM going down, no problem. If the governments don't ail them out I
predict the markets will like this. If they bail GM, look out. If they
bail GM, are they going to extend it to the other millions also laid off?
Doubtful. Unions are nothing more than noisy greedy slugs in expecting
government to bail them out.