Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Road Walker who wrote (474802)	4/24/2009 4:42:06 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1573214

RW, > Any other civilized country with a 'enlightened self interest' would just bail them out. You might not want to include Korea in your list of "civilized countries," since their record for bailouts isn't very stellar. > You want GM to go under, with all the repercussions? I don't think the economy can absorb that right now. I already stated my ideal outcome. GM declares bankruptcy and closes down half of its divisions. It survives, but in a much different form than what we're used to. The devil is in the details, but I think the economy can adapt. By the way, this is similar to the "Good GM, Bad GM" plan being floated around, except that the "Bad GM" gets liquidated. Tenchusatsu

To: Road Walker who wrote (474802)	4/24/2009 4:51:53 PM
From: i-node	Read Replies (1) \| Respond to of 1573214

>> You want GM to go under, with all the repercussions? Nobody wants GM to go under. But GM needs to make its own way. That cannot conceivably happen without gutting the unions. As long as the Chapter 11 court has the power to kill the union contracts, GM will be fine. The legalized extortion power possessed by labor unions is responsible for a significant portion of the economic disaster we have now. It is fine for everyone to take what they can get; but these people need to weigh the benefit of having a lower paying job against having no job at all. That's what you and I do every day of our lives.