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GM auditors warn of bankruptcy risk
Financial Times ^ | March 5, 2009 | By John Reed in London and Bernard Simon in Toronto

Posted on 03/05/2009 7:52:58 AM PST by reader25

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To: matginzac

At that point no one could have saved Chrysler.


21 posted on 03/05/2009 8:10:51 AM PST by Arguendo
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To: reader25
Good.

The GM/Chrysler bailout is really a bailout of the UAW.

22 posted on 03/05/2009 8:12:31 AM PST by starlifter (Sapor Amo Pullus)
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To: reader25

***GM auditors warn of bankruptcy risk****

Well die and get out of the way! NOT ONE MORE DIME!

Did the US suffer when Studibaker went under?


23 posted on 03/05/2009 8:14:20 AM PST by Ruy Dias de Bivar (14. Guns only have two enemies: rust and politicians.)
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To: ottbmare

Yeah....were going to give G.M. a ton of money so all the union workers can sit around collecting a check and picking their noses because nobodies buying new cars!


24 posted on 03/05/2009 8:19:41 AM PST by AngelesCrestHighway
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To: reader25

LOL! My husband announced that he wants to invest $10,000 in GM, I told him he was crazy. He jokingly said that I was...and stated that this was an opportunity of a lifetime!

I don’t think he can come to grips with the demise of GM.


25 posted on 03/05/2009 8:23:43 AM PST by alice_in_bubbaland (Markets and Marxists Don't Mix! Let the Revolution Commence!!!)
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To: alice_in_bubbaland

Die already. Don’t the liberals believe in euthansia? I say lets stick the needle in them and be done with it. After all, they’re an aging company that is causing more harm than good. Using up vital resources. Isn’t that the model of their new health care plan? I say let’s apply the same principle to the auto industry.


26 posted on 03/05/2009 8:26:28 AM PST by 1scrappymom
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To: matginzac

You pretty much need to be ungodly luckly, or be connected and have an MBA from Harvard, UPenn, Stanford, MIT or Northwestern.


27 posted on 03/05/2009 8:31:14 AM PST by John Will
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To: reader25

I know, give them DOUBLE the amount.


28 posted on 03/05/2009 8:37:50 AM PST by Sig Sauer P220 (There ought to be one day -- just one -- when there is open season on Senators --- Will Rogers)
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To: reader25

GM=Government Motors or Government Managed or Generally Mismanaged...


29 posted on 03/05/2009 8:45:50 AM PST by A_Tradition_Continues (formerly known as Politicalwit ...05/28/98...Ain't no Newbie!)
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To: reader25

Bankruptcy? And have all of those retired union members have to pay for their healthcare? Not bloody likely. Hussein will not allow it. Too many union dolla.., that is, votes at stake!


30 posted on 03/05/2009 8:48:09 AM PST by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: reader25

Go to bankruptcy court...anything to crush the UAW as a going concern.


31 posted on 03/05/2009 8:51:01 AM PST by SoDak (Molon Labe)
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To: reader25

I just bought a new Ford. The timing was based on my wife totaling her 2007 car, and 2/3 of the (all cash) transaction will come from the insurance company, but I chose Ford because both GM and Chrysler have already received far too much of MY MONEY!


32 posted on 03/05/2009 9:04:51 AM PST by MainFrame65 (The US Senate: World's greatest PREVARICATIVE body!.)
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To: reader25
Much as I despise the Unions I would rather the Big three get the money before AIG (congressional Pension holder)gets a Dam Penny
33 posted on 03/05/2009 9:05:06 AM PST by Cheetahcat (Osamabama the Wright kind of Racist!)
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