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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: TH who wrote (99712)11/19/2008 12:31:39 PM
From: LTK007  Read Replies (2) of 110194
 
i post this you TH as i know you know GM far far better than me, so you possibly will want to defend their management, but somehow i don't think you do-- i maybe wrong though:)

i think F and GM getting trampled again for as they give testimony it becomes extremely apparent the money they need is just to pay bills, and those bills to be paid will still be their after they burn through the 50 billion in cash.
The bailout is looking like a MONEY PIT, that will have them in a year say give us more give us more.
This bail-out seems like trying to Bail Out the Titannic, to keep it from sinking.
However way you look at this, it is BAD, no matter what you do or don't do.
Ford may have a chance, but GM looks utterly hopeless.

The management sems to be a bunch of bureacrat non-visoinaries that made bad decision after bad decision because they could see beyong the paper bags they had pulled over their heads.

So people say Bail-Out is big mistake, letting GM go into Chapter 11 is a big mistake, well guess what this is a classic FUBAR status, which means There Is NO Solution

Max

p.s. FUBAR is great word and should be recognized as a classic new word that entererd our language basically because of the 'Nam War.

There are to definings, i prefer firmly the definition of Fuck Up Beyond Repair.
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