Posted on 11/20/2008 8:24:37 AM PST by Fred
Equity holders become unsecured creditors to the courts. Very unlikely a shareholder will get anything.
This is why the stock is tanking.
NO MORE BULLSHEET BAILOUTS.
Time for Tough Love, most are .....its time to SPREAD THE TOUGH LOVE.
The “little three” don’t mind opening plants in India, maybe India can give ‘em a bailout.
Volkswagen, which has just as strong of a union issue and the Big 3, competes by offering a higher quality interior and better performance.
Perhaps the Big 3 ought to think of the ‘best value’ situation instead of the ‘lowest cost’ one.
Yet Honda can offer the Civic?
And Toyota can offer the Corolla?
But only Chrysler is saddled with those onerous regulations that force them to make a Caliber?
Sounds like Kool-Aid to me.
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