Quote:
Originally Posted by Bucco
As you know KAYAKER, I am not shy about giving my opinion however I am not sure how I feel about this...
I was against the bail out attempt in the first place and felt they should have simply gone to bankruptcy..but we did give them "low interest loans" and frankly they may still be heading for bankruptcy court !
What part will the Govt play in putting together the new board of directors ? What will the Govt do relative to the unions ? I am reading that now the Govt is the warranty back up for the cars also. Was the intiial bailout simply to get some control before bankruptcy ?
A lot to think about and then will get back to you  I am sure you will be waiting with great anticipation for that ! |
Bucco,
I always enjoy your conclusions (may not always agree), due to the research and effort you put into the process.
IMHO the Govt should have
some representation of the Board, since it is our (taxpayer) money and we should have a voice.
I just hope that they don't decide that increasing the tariff by a few hundred percent, is the way to protect the auto industry.