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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: XoFruitCake who wrote (165143)	11/18/2008 11:34:25 PM
From: patron_anejo_por_favor	Read Replies (4) \| Respond to of 306849

>>But the problem is that given GM/F money now does not solve the problem. Their business model does not change and they are still not competitive in the car market... So we will be here again for another 25B in 6 months or so until Dem congress (I am not trying to be political but bailing out big 3 is really Dem priority since union is one of their major base) run out of pocket money to give and they will eventually go bk anyway...<< Spot on. Of course letting them go BK is painful. But the alternative is far worse, it lets the cancer continue to eat away at the system. BK them, make the union take salaries that are industry-competitive, revamp the health care obligations. Maybe then we get a viable auto industry out of this mess.