Comments on: Should The Govt Stop Dumping Money Into A Giant Hole?

By: Barry Ritholtz

Barry Ritholtz — Fri, 14 Nov 2008 17:49:56 +0000

yeah I posted that last week
http://www.ritholtz.com/blog/2008/11/foreclosing-hitler/

By: KidDynamite

KidDynamite — Fri, 14 Nov 2008 15:47:42 +0000

barry- did you hear the latest bad news?

http://www.youtube.com/watch?v=bNmcf4Y3lGM

By: jmborchers

jmborchers — Fri, 14 Nov 2008 05:27:19 +0000

I can’t sleep and I made money today providing my option sale tips out on the ask tomorrow. Not worried about losing the whole option trade barring some catastrophe overnight either.

Would have figured it should have been exactly opposite. Looked like world was coming to a halt again this morning and I slept like a baby last night. What gives?

By: geobdg

geobdg — Fri, 14 Nov 2008 03:35:24 +0000

Wow, really felt like I was listening to CNBC there for a minute.

By: peachin

peachin — Fri, 14 Nov 2008 01:48:34 +0000

General Motors, Ford, Chrysler have been in “serious shit” since the 1970’s. The unions have ingratiated and protected their members to create enormous costs over the last 40 years to keeping the companies from being competitive. It’s all about employee costs past and present.

The Bush Administration, today, finally made their best announcement in the last 8 years. “Do not give the Automobile companies any money – they have a fundamental problem – employee costs – that will (my words) suck the funds dry”

Bush’s only other worthy statement was declaring victory when we originally entered Iraq – why we have been there since then will haunt that man who goes in his closet every day to hide.

Bankruptcy will force the Auto Giants into Court where a Judge can alter the contracts with the unions.
The Unions will appeal – a quick run to the Supreme Court – where the unions will bleed – this process is a must. After the Supreme Court – then consider giving the Auto Giants money.