Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Mon 02/09/2009 View Sun 02/08/2009 View Sat 02/07/2009 View Fri 02/06/2009 View Thu 02/05/2009 View Wed 02/04/2009 View Tue 02/03/2009
1
2009-02-09 Home Front Economy
GM, Chrysler May Face Bankruptcy to Protect U.S. Debt
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by tipper 2009-02-09 14:40|| E-Mail|| Front Page|| [6497 views ]  Top

#1 Beware the "loan" you get from the government. It is kinda like taking a loan from the mob. They WILL get their money back.
Posted by DarthVader 2009-02-09 15:28||   2009-02-09 15:28|| Front Page Top

#2 Is bankruptcy really such a bad thing for these companies? Once bankrupt, they can renegotiate contracts with suppliers, dealerships, and unions from a position of strength, rather than continuing to do what led them to this situation. I'd rather they do that, come out viable, and not pay us back, than that they more or less continue business as usual... and can not pay us back. But then, I understand so very little about such matters.
Posted by trailing wife 2009-02-09 21:51||   2009-02-09 21:51|| Front Page Top

#3 See also REDDIT > 15 COMPANIES WHICH MIGHT NOT SURVIVE 2009 [ or in the altern may have to make aerious or abnormal Corporate changes, etc. to survive in the marketplace]. LIST INCLUDES, to wit:

* RITE AID
* SBARRO'S - have outlet here on Guam.
* REALOGY CORP. - COLDWELL Banks.
* BLOCKBUSTER - also has outlets here on Guam.
* SIX FLAGS [Magic Mountain?].
* TRUMP ENTERTAINMENT HOLDINGS - DA DONUUUULD.

* ALSO, STARS-N-STRIPES > seems many US Communities affected by the BRACS have had to reshuffle large $$$ funding support from planned local re-development projects due to the recession.
Posted by JosephMendiola 2009-02-09 23:29||   2009-02-09 23:29|| Front Page Top

23:56 JosephMendiola
23:53 Grolush Darling of the Hatfields3195
23:51 Verlaine
23:51 JosephMendiola
23:48 Thing From Snowy Mountain
23:46 CrazyFool
23:38 JosephMendiola
23:29 JosephMendiola
23:02 ex-lib
22:54 Ricky bin Ricardo (Abu Babaloo)
22:53 OldSpook
22:48 Ricky bin Ricardo (Abu Babaloo)
22:30 OldSpook
22:26 Alaska Paul
22:04 trailing wife
22:01 g(r)omgoru
21:59 trailing wife
21:59 g(r)omgoru
21:51 trailing wife
21:45 trailing wife
21:39 trailing wife
21:39 g(r)omgoru
21:37 g(r)omgoru
21:19 JosephMendiola
Merry-Go-Blog










Paypal:
Google
Search WWW Search rantburg.com