Comments on: Bankruptcy Looks Increasingly Likely for GM and Chrysler; Nissan to Slash 20,000 Jobs http://moneymorning.com/2009/02/10/general-motors-tarp/ Global Investment News Fri, 25 May 2012 18:42:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: WillG http://moneymorning.com/2009/02/10/general-motors-tarp/comment-page-1/#comment-5222 WillG Fri, 01 May 2009 20:17:52 +0000 http://www.moneymorning.com/?p=4832#comment-5222 Bankruptcy is the right thing for the senior debt holders. They deserved to be paid! I read a great article about this titled "Killing Chrysler" found at http://economicefficiency.blogspot.com/2009/04/killing-chrysler.html. It clearly laid out the details and considerations. Personally, I think it is time for the government to get out of the auto business and back into the business of national security. Bankruptcy is the right thing for the senior debt holders. They deserved to be paid! I read a great article about this titled "Killing Chrysler" found at http://economicefficiency.blogspot.com/2009/04/killing-chrysler.html.

It clearly laid out the details and considerations. Personally, I think it is time for the government to get out of the auto business and back into the business of national security.

]]> By: GM Chopping 10,000 Jobs, Executive Pay http://moneymorning.com/2009/02/10/general-motors-tarp/comment-page-1/#comment-5221 GM Chopping 10,000 Jobs, Executive Pay Tue, 10 Feb 2009 16:05:38 +0000 http://www.moneymorning.com/?p=4832#comment-5221 [...] Money Morning: Bankruptcy Looks Increasingly Likely for GM and Chrysler; Nissan to Slash 20,000 Jobs [...] [...] Money Morning: Bankruptcy Looks Increasingly Likely for GM and Chrysler; Nissan to Slash 20,000 Jobs [...]

]]> By: David Dzidzikashvili http://moneymorning.com/2009/02/10/general-motors-tarp/comment-page-1/#comment-5220 David Dzidzikashvili Tue, 10 Feb 2009 00:47:34 +0000 http://www.moneymorning.com/?p=4832#comment-5220 GM, Chrysler and Ford had bad business strategy, were not in touch with the consumers' growing demand for more fuel efficient vehicles and these companies are suffering from the bad decisions that their CEOs had undertaken. I feel very sorry for the working American families who had been employed at the by the big 3, because it's not their fault the companies and senior executives business model failed. At the same time I don't think any bailout will save these companies. I believe the best for the big 3 should be forming one big American auto company with feasible, long-term sustainable business model. Some jobs would be at loss, but at least we could save American auto industry. GM, Chrysler and Ford had bad business strategy, were not in touch with the consumers' growing demand for more fuel efficient vehicles and these companies are suffering from the bad decisions that their CEOs had undertaken. I feel very sorry for the working American families who had been employed at the by the big 3, because it's not their fault the companies and senior executives business model failed. At the same time I don't think any bailout will save these companies. I believe the best for the big 3 should be forming one big American auto company with feasible, long-term sustainable business model. Some jobs would be at loss, but at least we could save American auto industry.

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