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I've never subscribed to that particular philosophy, it is a very slippery slope indeed. (Though I don't want to get into dangerous political territory here, so won't start arguing over the proper role of government. :-)
GM should have been treated to a bog-standard Chapter 11 bankruptcy, the same as you or I would have if our businesses needed restructuring to survive. (We are supposed to all have equality before the law, not special privileges for those entities deemed "too big to fail.") It would not have been the end of the U.S. auto industry. Many companies have gone into Chapter 11 reorganization and emerged leaner and stronger.
As I said, I personally would not consider a GM product if at some point I decide to purchase a new car as they've already stolen money out of my wallet. What others do of course is their own business...
Posts in this Thread:
- US gov sells rest of GM stock $ 10.5B loss, dtechakacheaptech, Mon, 9 Dec 2013 16:57:43
- Low hanging fruit, JMF, Wed, 11 Dec 2013 18:01:34
- CAN I STOP YOU GUYS IF I'VE HEARD THIS BEFORE, No Snaab, Tue, 10 Dec 2013 15:18:13
- In a surprise move to many, GM CEO quits, Bill Homer
, Tue, 10 Dec 2013 14:47:54 - $10B to save an industry is chump change, Steve T, Tue, 10 Dec 2013 11:47:36
- Re: $10B to save an industry is chump change, andym, Tue, 10 Dec 2013 18:59:46
- "The ends justify the means", JerseySaab
, Tue, 10 Dec 2013 13:14:53 <-- Viewing This Message - Re: $10B to save an industry is chump change, dtechakacheaptech, Tue, 10 Dec 2013 12:59:53
- Re: $10B to save an industry is chump change, Snowmobile
, Tue, 10 Dec 2013 12:02:22
- GM (like many us corp) has Billions in $$$ - $26.8 B, dtechakacheaptech, Tue, 10 Dec 2013 08:51:16
- Blame GM Leadership, MI-Roger
, Tue, 10 Dec 2013 03:25:26 - Re: US gov sells rest of GM stock $ 10.5B loss, Cmyles
, Mon, 9 Dec 2013 18:24:38
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