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Tim Tim is offline
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First recorded activity by BoatBanter: Nov 2006
Posts: 19,107
Default Bridge loan to nowhere..

On Dec 7, 8:08*pm, Tom Francis - SWSports
wrote:
On Sun, 07 Dec 2008 19:30:09 -0600, wrote:
On Sun, 07 Dec 2008 19:28:01 -0500, Tom Francis - SWSports wrote:


Maybe it's because I see it as more black and white than others - it's
not that I don't have empathy and sympathy for laid off workers - I do,
believe me I honestly do.


Hell, I know that, and didn't mean to insinuate anything else. *We're
just looking at this differently. *Right now, I believe the economic
situation it too perilous to allow GM to fail. *It is difficult to defend
GM. *They have had plenty of warning to make the difficult decisions, and
they didn't. *As I have said, under normal circumstances, I'd let the
market deal with them. *


Well, I'm glad it's not my decision. *It's easy for me to say what to
do as I don't have any skin in the game. *:)

From my perspective, eventually, several major car manufacturers are
going to fail anyway. *There seems to be a glut of manufacturers with
very few open markets.


Every boom cycle has a bust cycle. *We're in a bust cycle.

And, to tell the truth, there is still a lot right with the economy.
It is the economic engine of the world and it will survive. *There is
a safety net this time and there are concerned people who will work it
all out eventually.

It's just a matter of time.


Quesiton of curiosity.

are the big 3 beggers tanking in the US? or does this include their
entire overseas operations as well.

Reason I'm bringing this up is because Delphi chaptered a couple years
ago here stateside, while in the mean time they were building a
massivly huge mfg. facility in New Deli India.


hmmmm.
 
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