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Re: I Will Also Add
Quote:
Originally posted by Steverino
Should the bailout plan fail...
IMO
Ford, GM, and Chrysler should all file for restructuring. This is truly what the US industry needs at this time, not another lump sum of money that goes towards the bottomless pit. Chrysler's own consulting groups say that an additional 30 billion would be consumed in the first financial quarter of 09.
All three of these organizations need a complete overhaul and a filing for restructuring would go a long way in facilitating this end.
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I'm gonna go along with this. They will emerge a lot leaner but will still be there. If the legal beagles haven't already drafted this, they are still asleep at the wheel! We continue to fly on airlines that are under Ch 11, and no real problems. Face it...big rock candy mountain is out of sugar!
Dan
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Lifes not meant to be a journey to the grave with the intentions of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thouroughly used up, totally wore out,loudly proclaiming....
WOW.....WHAT A RIDE.......
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