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Whooopeee!!!!!
"Wilbur Hubbard" wrote in message anews.com... "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 Good Wilbur, it is not the torch bearers but the torch itself. |