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Bridge loan to nowhere..
On Dec 6, 7:37*am, Boater wrote:
Eisboch wrote: wrote in message ... On Sat, 06 Dec 2008 07:14:20 -0500, Tom Francis - SWSports wrote: http://online.wsj.com/article/SB1228...28184421.html? mod=rss_opinion_main Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Personally, I can't see Chrysler surviving. *Ford, yes, and a much smaller and different GM. Exactly. * Chrysler hired an outside bankruptcy law firm yesterday. *They are preparing for the inevitable. GM needs to replace Wagoner. *He is so out of touch with reality that he can't *be in charge of reorganizing. The Ford guy *(ex-Boeing) *seems to be a little more pro-active and may be ok. *He's only been there for two years and has already made some serious changes to Ford's overall business structure. Eisboch Sorry, but if we can bail out the useless pushers of paper on wall street and get absolutely nothing in return, we can help the millions of real working Americans whose jobs depend on the domestic auto industry. I don't buy into the concept that bankruptcy reorganization will work for Chrysler, Ford *or GM. http://www.mattbors.com/strips/250.gif then http://www.mattbors.com/strips/251.gif |
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