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

To: saveslivesbyday who wrote (165946)	11/21/2008 3:56:01 PM
From: deeno	Read Replies (1) \| Respond to of 306849

OT Absoultly fair question. I do not have ANY expertise in manufacturing, cars, engines or how to run those types of operations. Certianly my comments show my "leanings" toward government not being able to do anything effeiciently or profitably. So.... Assuming that I would not choose a goverment nationalization that would lead me to private enterprise being the focal point. That said, I think a BK would have much more severe ramifications then Lehman ever did and would freeze anything left in the financial pipleine. The potlical realitiy would also lead me to beleive the DEMs will ultamily be involved. hmmm. First, it seems to me, a business plan would be nice. Perhaps a planned presentation to a committee of ugh "experts" on what they would do with the money and how it would lead them out of the dire straits they seem to espouse. Basically they would be applying for a loan. kinda like normal people. It is likely that a mediation would need to be arranged between the union (or let them present their own ideas) and the autos companies, with, gasp, profitiablity as a goal. Should the plans be unacceptable to the committee then they would not get the loan. My guess is after a few no's and refi money needed to pay off maturing bonds gets closer, they would take the process more seriously. the loan would not come from the govt. it would however be backed by them. As long as that loan was outstanding a monthly report would be required on the progress of the business plan. Goals not met would require consessions from both the union and managment, 50/50, until back on target. If the plan deviated by some certian % both managment and union managment would be fired and replaced. An executve search firm would be employed and the exsisting boards would choose successors. Union membership would hold new elections. lather, rinse, repeat.