No discussion of auto loans being approved?

[Freiburger]

Go.

[squirrel]

Re: No discussion of auto loans being approved?

not yet, I didn't know it happened until you mentioned it.

http://www.nytimes.com/2008/12/20/business/20auto.html?_r=1&hp

[jcharliem]

Re: No discussion of auto loans being approved?

Saw that this morning too. IMO, a huge waste of taxpayers' money. These companies are managed so poorly, and the UAW is so deep into Detroit's shorts... the bailout is only prolonging the inevitable.

The government has the option to become a shareholder in these companies. Personally, I don't want the government owning anything in the private sector. That's a step towards socialism, folks.

[457Brodix]

Re: No discussion of auto loans being approved?

I'll probably take flack over this but after listening this morning and reading about it, it appears that the UAW won again!

[antmnte]

Re: No discussion of auto loans being approved?

Maybe it will light some fire under their ass to change their ways a little (the mfg's). I still dont believe its the product so much as the fact its hard for some people to get a car loan now. I know two guys that work for Honda and their sales are way down too.

[73Nova]

Re: No discussion of auto loans being approved?

Disagree with the above. I think they waited until the last second to send them a message. I think it was a message to management and the UAW that "were not messing around here boys, you guys are going to come together and figure out how to make this work" I think that the message was heard. If they do not figure out what has to happen by March then i think they will be sinking their own ship. No American actually wants the giant american icons to die do they?

[Monk]

Re: No discussion of auto loans being approved?

I'll probably take flack over this but after listening this morning and reading about it, it appears that the UAW won again!

I hope not

[TC]

Re: No discussion of auto loans being approved?

It was better this way, because now the auto makers won't have to put up with the ridiculous demands that congress would have put on them. And I can't believe I'm saying this, but G.W. finially did something right. :o

[Schtauffer]

Re: No discussion of auto loans being approved?

The government has the option to become a shareholder in these companies. Personally, I don't want the government owning anything in the private sector. That's a step towards socialism, folks.

We've been taking those steps for decades.

[jcharliem]

Re: No discussion of auto loans being approved?

So, no later than 3/31/09, the U.S. government is going to determine whether or not GM and Chrysler have met certain concessions and determine if the two companies are financially viable? God help us.

What's next? With the gov't having the potential to become a substantial shareholder... will the gov't demand a seat on the Board of Directors? If the gov't becomes a shareholder... how will it vote in proxy elections? Who determines how the gov't, as a shareholder, should vote?

IMHO, the gov't has its nose and pocketbook where it doesn't belong.

Scary sh*t!

[Schtauffer]

Re: No discussion of auto loans being approved?

I agree. Dubya is screwing this up. Can't wait to see how much worse its gonna be with Obama running things.

[73Nova]

Re: No discussion of auto loans being approved?

I agree. Dubya is screwing this up. Can't wait to see how much worse its gonna be with Obama running things.

Im no Obama fan and no Democrat at that, but im not sure if its possible to run the country worse....UnfortunatlyIf it is, were all in big trouble :-\ :-\

[Schtauffer]

Re: No discussion of auto loans being approved?

We'll find out in a month from now.

[Woodward_Dreams]

Re: No discussion of auto loans being approved?

We'll find out in a month from now.

I cant wait! (sarcasm)

[TC]

Re: No discussion of auto loans being approved?

I agree. Dubya is screwing this up. Can't wait to see how much worse its gonna be with Obama running things.

Who's says it's going to get worse??