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To: Think4Yourself who wrote (155601)	10/9/2008 11:20:00 AM
From: DebtBomb	Read Replies (2) \| Respond to of 306849

How many of the original Dow 30 are still here? Times change. It's the debt man. Debt and greed....and stupidity. In spring 06 GM ceo was saying that Americans won't stop buying SUV's....please correct me if I'm wrong. The real problem is, this crap has gone on for too long. The nation should have been preserved. We had the chance to in 2003, and prepare for the future. But instead, the leadership in this country made everything worse, IMO. It's too late to fix, IMO. The last time we had a debt bubble like this was 1929.

To: Think4Yourself who wrote (155601)	10/9/2008 11:24:35 AM
From: Travis_Bickle	Read Replies (1) \| Respond to of 306849

I bought some GM for a trade but the common of GM and F can cease to exist without their having to fire a single employee or shuttering a single plant.

To: Think4Yourself who wrote (155601)	10/9/2008 11:45:36 AM
From: Perspective	Read Replies (2) \| Respond to of 306849

The problem in my opinion with Ford and GM is the huge amount of vendor financing they've done. Like so much of the rest of our corporations, they've made financial engineering, not automotive, the majority of their income. Ford and GM have cash flow problems because so many of their loans are duds. That, and they can't possibly sell their vehicles at a profit without the hidden financial subsidies they provide by under-rating the risk they accept on automotive loans. The only way they could make a profit is to slash their sizes dramatically, sell off capacity, and raise prices such that they only sell to whatever sliver of demand simply has to have their products, but do so profitably. That doesn't happen quickly, and in the mean time they'll burn cash and potentially die trying. Some companies have negative equity, and it all depends on the balance sheet. I think Ford and GM may be in that camp, and if so their present common stock is worthless. `BC