Ferrari Mailing List: Re: Interesting article on a previous topic

[Michael James (cavallino_rapante]

I was referring to the initial situation prior to the bailout fund offerings - 
whereas, the Govt. does absolutely nothing, and 'the marketplace' decides 
whether you live or die.  In such an environment, GM would be DEAD, Chrysler 
DEAD, end-of-story.  Seems pretty ironic that a Former GM exec would accuse the 
Govt. of being at-fault in his company's misfortune when its the Govt. who is 
keeping the company alive in the first place.  Did someone hold a gun to each 
of the Executives' heads when they went to Congress in their Lear Jets and 
begged the Govt. to save their lives?
 
I think they call it irony, anyway.
 
M


--- On Tue, 5/26/09, Hans E. Hansen <FList [at] hanshansen.org> wrote:


From: Hans E. Hansen <FList [at] hanshansen.org>
Subject: Re: [Ferrari] Interesting article on a previous topic
To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Tuesday, May 26, 2009, 12:44 PM


Chapter 11 is *reorganization* - they continue on, and the dealers keep
selling.  Sure, some dealers would fail because of reduced sales volume,
but, no, all these dealers would not necessarily go out of business.

And, Chapter 11 does not remove the Fed government "completely out
of the equation", because the current proposed GM settlement has
a corporation that will be initially owned by the Feds, and will have
heavy Fed ownership/influence for a long, long time.

Hans.

On Tue, May 26, 2009 at 9:38 AM, Michael James
<cavallino_rapante [at] yahoo.com>wrote:

> Um, wouldn't these dealerships go out-of-business anyway if Chrysler and GM
> go full-tilt Chapter 11?  That seems to be what everyone - including
> said-Capitalists - are rooting for, as it removes the Govt. completely out
> of the equation and allows the nature of business to take its course.  I
> wonder how Mr. Spaulding feels about the bailout money the taxpayers have
> already shelled-out to keep his old ship afloat now that he's already found
> his own Golden Parachute in Academia.  This guy wants his cake and the right
> to eat it, too  - never mind the tremendous amount of market-share lost or
> economic downturn where nothing is selling.  I seem to recall an old saying
> "Those who CAN, do.  Those who CAN'T, teach....."
>
> M
>
> -
_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
http://lists.ferrarilist.com/mailman/options/ferrari/cavallino_rapante%40yahoo.com

Sponsored by BooyahMedia.com 
and F1 Headlines
http://www.F1Headlines.com/