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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (438206)12/4/2008 7:09:36 PM
From: Joe NYC  Read Replies (1) | Respond to of 1573927
 
Ted,

When the lendee's background is questionable, you charge him a higher interest rate on his loan payments and you make the consequences of default onerous. I have no problem making this a very businesslike transaction.

Yup, that's going to save GM. High interest loan on top of existing debt, liabilities, and high labor cost...

From your comments, it seems that you are less interested in saving the US auto industry than in giving unions a gift.

Joe