Comments on: Wagoner Out at GM http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 15:55:22 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: hazeleyes http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-2/#comment-158583 hazeleyes Tue, 31 Mar 2009 17:53:03 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158583 bman: first, the wooden stakes for congress. bman: first, the wooden stakes for congress.

]]> By: usphoenix http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-2/#comment-158452 usphoenix Tue, 31 Mar 2009 03:50:43 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158452 MEH: This link was entirely too appropo (sp) : http://www.mises.org/books/TRTS/ These should be pasted on empty office building walls. Way, way too close to the truth. MEH:

This link was entirely too appropo (sp) :

http://www.mises.org/books/TRTS/

These should be pasted on empty office building walls. Way, way too close to the truth.

]]> By: bman http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-2/#comment-158188 bman Mon, 30 Mar 2009 15:59:38 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158188 But don't get me wrong, Although Wagoner may deserve the stiff boot, I still Think the bank executives and other financial wonks are more deserving of the Wooden Stake. Unfortunately we are no longer in the 15th century. The idea that Merging GM and Chrysler will somehow make things better, came straight out of the old playbook, and once again shows that the lowest common denominator is what is being chosen as the new poilicy going forward. I say fire Geithner. But don’t get me wrong, Although Wagoner may deserve the stiff boot, I still Think the bank executives and other financial wonks are more deserving of the Wooden Stake. Unfortunately we are no longer in the 15th century. The idea that Merging GM and Chrysler will somehow make things better, came straight out of the old playbook, and once again shows that the lowest common denominator is what is being chosen as the new poilicy going forward.
I say fire Geithner.

]]> By: me http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-2/#comment-158159 me Mon, 30 Mar 2009 15:08:40 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158159 "I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: " BR I am reminded of Colin Powell telling Bush, if you break Iraq you own it. If GM winds up filing bnakruptcy, Obama owns it and he is credited with the faiulure? “I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: ”

BR I am reminded of Colin Powell telling Bush, if you break Iraq you own it. If GM winds up filing bnakruptcy, Obama owns it and he is credited with the faiulure?

]]> By: willid3 http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-2/#comment-158138 willid3 Mon, 30 Mar 2009 13:43:42 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158138 not sure why Nardelli got a pass either. he has no automotive experience. only can guess thats its because he is relatively new. but that will only last for a short time. like maybe next month? and with this, maybe this was a shot across the bow of the bank/insurance CEOS? then again, maybe not, the financial wizards seem to still have to much control of the government! not sure why Nardelli got a pass either. he has no automotive experience. only can guess thats its because he is relatively new. but that will only last for a short time. like maybe next month? and with this, maybe this was a shot across the bow of the bank/insurance CEOS? then again, maybe not, the financial wizards seem to still have to much control of the government!

]]> By: gnomic http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-1/#comment-158137 gnomic Mon, 30 Mar 2009 13:40:34 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158137 I think they are consistantly bad. But GM was told to come up with a plan by the deadline and they failed to turn in thier homework. I think that the administration should ask all of them for a plan now. Most of them would have one this time, expect for the ones that know better and prefer getting thier golden parachute over trying to put lipstick on a zombie pig. I think they are consistantly bad. But GM was told to come up with a plan by the deadline and they failed to turn in thier homework. I think that the administration should ask all of them for a plan now. Most of them would have one this time, expect for the ones that know better and prefer getting thier golden parachute over trying to put lipstick on a zombie pig.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-1/#comment-158136 Mark E Hoffer Mon, 30 Mar 2009 13:37:10 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158136 bman, check this out: http://www.autointell.com/News-2007/June-2007/Jun-2/june-13-07-p10.htm like something out of "The Ministry of Truth" the whole SUV category has been 'disappeared' bman,

check this out: http://www.autointell.com/News-2007/June-2007/Jun-2/june-13-07-p10.htm

like something out of “The Ministry of Truth”

the whole SUV category has been ‘disappeared’

]]> By: bman http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-1/#comment-158127 bman Mon, 30 Mar 2009 13:13:13 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158127 I remember Wagoner about a year ago saying in an interview basically that he thought demand was strong for SUV's, and they were going to keep making them, that was the beginning of the end in my opinion of him. I remember Wagoner about a year ago saying in an interview basically that he thought demand was strong for SUV’s, and they were going to keep making them, that was the beginning of the end in my opinion of him.

]]> By: riley http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-1/#comment-158115 riley Mon, 30 Mar 2009 12:34:55 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158115 While there are good reasons to remove many bank heads, I would like to see the minutes of Paulson's secret meeting and find out which banks he "forced" to take the TARP money. Remember the two reasons banks took the TARP money was they were reportedly forced, and the government wanted to provide additional capital to "good" banks so they could make more loans. But I guess it is just more government inconsistency, say one thing but do another. While there are good reasons to remove many bank heads, I would like to see the minutes of Paulson’s secret meeting and find out which banks he “forced” to take the TARP money. Remember the two reasons banks took the TARP money was they were reportedly forced, and the government wanted to provide additional capital to “good” banks so they could make more loans. But I guess it is just more government inconsistency, say one thing but do another.

]]> By: flipspiceland http://www.ritholtz.com/blog/2009/03/wagoner-out-at-gm/comment-page-1/#comment-158102 flipspiceland Mon, 30 Mar 2009 11:40:37 +0000 http://www.ritholtz.com/blog/?p=22818#comment-158102 A look at any Sunday newspaper ought to be enough evidence that we have had overcapacity in auto and truck mfg for decades. There are simply too many cars and with the advent of China and Indian entry into this already overcrowded segment, it would not be noticed if several companies ceased to exist. A look at any Sunday newspaper ought to be enough evidence that we have had overcapacity in auto and truck mfg for decades.

There are simply too many cars and with the advent of China and Indian entry into this already overcrowded segment, it would not be noticed if several companies ceased to exist.

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