Bridge loan to nowhere..
On Sat, 6 Dec 2008 23:59:58 -0500, "Eisboch"
wrote:
The auto industry's contracts and historical ways of doing business need a
complete overhauling in order to be a viable, competitive entity in today's
global markets. Chapter 11 reorganization, prepackaged with a government
bridge loan to keep the beast breathing during the process, makes sense to
me.
While I understand the idea, I don't want money going to GM. Ford
doesn't want the money, just a backup which is one hell of a lot less
expensive.
Let GM sink. If they can't get through Chapter 11, tough. Let them
go Chapter 7 and disappear.
Ford, Toyota, Honda and others will take up the slack.
Survival of the fittest.
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