Article

2009-02-09 Home Front Economy

GM, Chrysler May Face Bankruptcy to Protect U.S. Debt

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Posted by tipper 2009-02-09 14:40|| || Front Page|| [2 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
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