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

To: Alighieri who wrote (501902)	8/6/2009 12:33:20 PM
From: i-node	Read Replies (1) \| Respond to of 1575193

Impossible...we've been told by i-node that the gov is stuck with these companies for ever. That's right. And when they sell one of them on a nonrecourse basis I'll gladly admit I was wrong. From the previous post -- "The financial performances of the companies will be a significant factor in determining when the shares will be sold." Duh. And when will that be? "Executives at G.M. and Chrysler, which went through stints in bankruptcy protection this spring and are borrowing a total of $65 billion from the government, have not said when either company expects to turn a profit." Mr. Bloom declined to reveal when he expected the multiyear string of heavy losses to end, saying only that he was “very hopeful that it is soon.” "“Their return to profitability,” he said, “is absolutely essential to our exit strategy.”" =================== NOW AL. YOU TELL ME WHAT HAS CHANGED THAT IS GOING TO RETURN THESE COMPANIES TO PROFITABILITY. DID THEY GET RID OF THE UNION CONTRACTS? DO YOU THINK BUILDING MORE "GREEN" CARS (THAT PEOPLE DON'T WANT) WILL DO IT? Tell us how this works.