The Big Three Bailout

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By Barry Ritholtz - November 12th, 2008, 12:21PM

Discussing the auto industry’s struggles due to the credit crunch, with Mike Jackson, AutoNation chairman/CEO

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4 Responses to “The Big Three Bailout”

  1. jmborchers Says:

    Who whichever auto company goes BK first I’d buy from to support the US. I’m not happy with my Toyota.

  2. jmborchers Says:

    I think the market is very close to out of sellers. With all funds on CNBC announcing heavy cash positions who’s left to sell?

    This works well for my book but I think I’m onto something here.

  3. wunsacon Says:

    Allocate “bailout” money to the “Pickens-Gore” plan for energy independence and infrastructure rebuilds. Give $25B to Tesla Motors and other startups. These industries will hire workers laid-off from other companies.

    Don’t give our taxpayer money to the mismanagement morons in Detroit. “Give it” to ANYONE ELSE.

  4. deanscamaro Says:

    I’ve had Toyota’s for years, with no problems to speak of, except for the recalls (2 which didn’t cost me a thing). I have a T-100 that has 150,000 miles on it; same thing. This is the final nail that can be put in the union coffin if these legacy companies go bankrupt and break those contracts. The Big 3 didn’t care about pushing any designs that would help us in the future (limited petroleum resources cannot be denied), so why should they be bailed out now? This is a free market country that is becoming socialized and its a shame.