"Boater" wrote in message
...
Tom Francis - SWSports wrote:
On Sat, 06 Dec 2008 07:22:04 -0500, Boater
wrote:

Tom Francis - SWSports wrote:
http://online.wsj.com/article/SB1228...s_opinion_main

Bankrupt them, downsize them, get rid of the onerous contracts and
merge Chrysler with Ford.

No bail out.
Wall street brokerage house and bankers...

Bankrupt them, downsize them, get rid of all management, and then blow
up their buildings.

No golden parachutes.

Oh...and in all publicly traded corporations, no executive earnings to
exceed 10 times the earnings of the average employee.

Yeah, yeah, yeah, blah, blah, blah...

By the way, when is the UAW going to fire it's Executives for getting
them in this mess to begin with?


UAW members elect their leadership.

They could take out personal loans and bail GM out themselves. And at $2.5
billion market cap, heck, buy them out.

No need for main street to put them on welfare. Besides, if GM goes down
outright, Ford and Chysler ar bound to do better and lay off less people as
they will benefit by getting more "Detroit" customers than if GM became
Government Motors.

I am a capitalist, while free money for companies sounds good, so does a
deal with the devil. But I avoid such deals as it means the company is
poision to everything it touches. GM needs chapter 11 to clean up what is
wrong with it. And starting with the board and CEO, they need a firing real
bad. It also sends a message to the UAW, yes, your idiot demands can screw
you out of work.

Americans should be insulted that they even suggest a handout. But that is
the problem with socialism, once one gets it they all want it. It does not
take long before every mismanaged company is lined up like thieves. And
when no one is working to pay the taxes it collapses.

I do agree with bailing out banks, but the terms are that shareholders, bond
holders and management walks away without a cent. They become government
owned and issured for above board regular depositors only. No bail outs of
share holders, preferred shares, bond holders or management. The government
does have to back the currency.

That way share holders will be more careful in picking a good board and good
executive managment next time.