Comments on: Big Three Bailout? http://www.ritholtz.com/blog/2008/11/big-three-bailout/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 11:00:47 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Jojo99 http://www.ritholtz.com/blog/2008/11/big-three-bailout/comment-page-1/#comment-127794 Jojo99 Fri, 21 Nov 2008 05:09:00 +0000 http://www.ritholtz.com/blog/?p=10241#comment-127794 I wouldn't buy a car from a bankrupt car maker. But I don't think this is a decision that will have to get made. The politicians are not going to cut-off the hand that feeds them so well. Detroit and the UAW have been good to politicians. Detroit get the money they are asking for, if not now, then in January. Washington will just shake the feet of the taxpayer a little harder. But will Detroit turn into another AIG, continuing asking for ever more $$? Probably, but only time will tell. I wouldn’t buy a car from a bankrupt car maker. But I don’t think this is a decision that will have to get made. The politicians are not going to cut-off the hand that feeds them so well. Detroit and the UAW have been good to politicians. Detroit get the money they are asking for, if not now, then in January. Washington will just shake the feet of the taxpayer a little harder.

But will Detroit turn into another AIG, continuing asking for ever more $$? Probably, but only time will tell.

]]> By: capt dave http://www.ritholtz.com/blog/2008/11/big-three-bailout/comment-page-1/#comment-127792 capt dave Fri, 21 Nov 2008 04:51:44 +0000 http://www.ritholtz.com/blog/?p=10241#comment-127792 The management flew into DC on their private jets and said "we dont need management changes, give us the money". The union flew in on chartered jet and said "we dont need worker changes, give us the money". With no changes, they will need more money in 3 months. Chapter 11 is the only way to rid us of these parasites. The management flew into DC on their private jets and said “we dont need management changes, give us the money”. The union flew in on chartered jet and said “we dont need worker changes, give us the money”. With no changes, they will need more money in 3 months. Chapter 11 is the only way to rid us of these parasites.

]]> By: deanscamaro http://www.ritholtz.com/blog/2008/11/big-three-bailout/comment-page-1/#comment-127766 deanscamaro Fri, 21 Nov 2008 02:42:51 +0000 http://www.ritholtz.com/blog/?p=10241#comment-127766 Let the government backup the warranties of auto manufacturers, gillotine the CEO's and key exec's and reorganize with a strategy and more aggressive management, to have less models, non-monster truck products and economic fuel-sensitive cars and people will buy them. Also go into bankruptcy with a pre-packaged approach which include these ideas and which break the legacy union wages and benefits and, as a lot of smart minds have posited, and they can work through this. Let the government backup the warranties of auto manufacturers, gillotine the CEO’s and key exec’s and reorganize with a strategy and more aggressive management, to have less models, non-monster truck products and economic fuel-sensitive cars and people will buy them. Also go into bankruptcy with a pre-packaged approach which include these ideas and which break the legacy union wages and benefits and, as a lot of smart minds have posited, and they can work through this.

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