It goes NOWHERE because the money doesn't exist in the first place. If the wages aren't cut then the money will end up coming from the taxpayers.
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GM & Chrysler on the Brink -- Part 3
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Originally posted by DanS
An operating loss, but a net profit of some $550 million.
http://www.washingtonpost.com/wp-dyn...l?hpid=topnewsTry http://wordforge.net/index.php for discussion and debate.
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Originally posted by Kuciwalker
It goes NOWHERE because the money doesn't exist in the first place. If the wages aren't cut then the money will end up coming from the taxpayers.
It's always been about destroying unions for them and it will never be different. No matter how many times you trot out the same lies they're still lies.Try http://wordforge.net/index.php for discussion and debate.
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That's because they swapped stories on that URL. A little initiative on your part would have found any number of other sources for the after-tax profit figure. Here's a representative story.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
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Originally posted by Vanguard
In normal economic times, GM does generate some small amount of income, you know.
Recessions tend to clear out of the inefficiencies in the market. The problem ain't that there is unfair competition or whatever, but that no one wants to buy American cars due to the crap reputation that these companies have received due to the utter **** they put out in the late 70s and early 80s. Brand reputation means something. Where is that lesson if the government keeps bailing out the industries too lobbied up to fail?“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)
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Originally posted by Imran Siddiqui
So what, a bailout for GM every time we hit a recession? May get a bit expensive.
Notice how hedge funds can't raid companies in Japan and Germany? Notice how those countries have laws preventing hedge funds from raiding industrial firms and stripping them of their rainy day funds? That's why Japanese and German companies don't get into such trouble of capital depletion while America companies do. By law those countries protect their industrial firms from the raiders. Morons like DanS claim the raiders are "liberating capital" while in reality they're destroying the real economy and killing good companies by stealing all of the money they'll need to survive the cyclical down turn. This is a problem with American laws.Try http://wordforge.net/index.php for discussion and debate.
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GM got raided in just such a fashion. It's $25 billion rainy day fund got stolen by hedge funds doing just that. It would never have needed a bailout except pieces of dog **** like DanS approved of the corporate raiders who deliberately kill healthy companies.Try http://wordforge.net/index.php for discussion and debate.
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Originally posted by Zkribbler
At least he doesn't stoop to making personal attacks.
Originally posted by Oerdin
GM got raided in just such a fashion. It's $25 billion rainy day fund got stolen by hedge funds doing just that. It would never have needed a bailout except pieces of dog **** like DanS approved of the corporate raiders who deliberately kill healthy companies.(\__/)
(='.'=)
(")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.
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Or rather, the auto companies turned to hedge funds for loans when they couldn't get credit from the banks, and the hedge funds made money on the deals:
You'd rather the companies not have any where to borrow funds and collapse right then?
And you say that Ford is ok because the Ford family owns the majority of stock and therefore was able to resist the hedge funds? When did the hedge funds ever own a majority of GM stock? Hmmm?
Hedge funds may have many problems, especially in relating to transparency, but to blame them on GM failure is so completely utterly laughable.
Oh, btw:
Notice how hedge funds can't raid companies in Japan and Germany?
http://www.alde.eu/index.php?id=42&c...c4f8&tx_ttnews[tt_news]=9790
Today, the European Parliament has approved a report on hedge funds that, despite efforts from Socialist MEPs, will not introduce top-down regulation.
That's right, the EU doesn't have top down regulation on hedge funds either. But more transparency sure, but that's it. Germany wanted more transparency for hedge funds, but was stymied by the G8 countries, including (get this) Japan.
And Dan is right that hedge funds do what their name says, they spread out and manage the risk. Do they need to be more transparent? Yes, but they aren't the uber evil boogeyman as some wish to make them out to be.“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)
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@ calling GM a "healthy company"
In order to be a healthy company, someone would have to buy your cars. And which healthy companies engage in such shady behavior as GM has done in its past?“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)
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GM got raided in just such a fashion. It's $25 billion rainy day fund got stolen by hedge funds doing just that. It would never have needed a bailout except pieces of dog **** like DanS approved of the corporate raiders who deliberately kill healthy companies.
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Originally posted by notyoueither
You were saying?
Try http://wordforge.net/index.php for discussion and debate.
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Originally posted by Naked Gents Rut
God, you are so very, very stupid.Try http://wordforge.net/index.php for discussion and debate.
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BTW I heard lots of thrashing about by ********-Imran but no facts. Let's hear if he actually comes up with anything substantial of if he continues his errant stupidity.Try http://wordforge.net/index.php for discussion and debate.
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