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1 point   posted on 11/17/08
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Jpeg_sun4agk
61%
+12.93%
 risk: aggressive

Aloha GM & Ford


Translation "DO NOT TOUCH" as the BIG TWO, didn't it used to be the "BIG THREE?," try to get their greedy little hands on their share of the govs 700 billion dollar cake. And what does that mean?

Tough Conditions Planned for Detroit .

House Financial Services Chairman Barney Frank (D., Mass.) said on CBS's "Face the Nation" on Sunday that the legislation would bar the companies from paying dividends or issuing bonuses to executives making more than $200,000 a year, for as long as the companies are receiving government support.

On Sunday, Alabama Sen. Richard Shelby, the senior Republican on the Senate Banking Committee, suggested bankruptcy court would be a better option to help the industry restructure and argued that government aid isn't going to halt the industry's long-term decline.

Personally I agree with Sen. Richard Shelby and let them declare bankruptcy.

  Related to:  
GM General Motors Corp
FORD Forward Industries Inc


Comments (4)

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allstarinvestor   85%     1 point   commented 383 days ago reply

these companies are now like FNM and FRE months ago, gov intervention could make them pop

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nextfundmanager   N/A     1 point   commented 381 days ago reply

if they declare bankruptcy it might actually make them competitive internationally.. for once

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abates   N/A     1 point   commented 379 days ago reply

the alabama senator doesnt care if the big 3 fail because all the auto jobs in alabama are from foreign companies

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allstarinvestor   85%     1 point   commented 377 days ago reply

if it is anything like the "restrictions" put on the financial companies then I am doubtful about how many restrictions they will actually have


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