On Sun, 07 Dec 2008 10:12:02 -0500, Boater wrote:

Tom Francis - SWSports wrote:
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.


I think you are grossly minimizing the impact of a GM sinking. It's not
just GM that will sink.

There is, undoubtedly, someone out there in Never-Never Land who gives a
schitt (your word) about what you think.
--
John H.