The Big Three Bailout

Email this post Print this post
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

click for video

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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.

53 queries. 0.319 seconds.