ST Alpha - "All three of them need to go through bankruptcy" (Reading a Post)

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In response to ""Are General Motors, Ford Motor and Chrysler LLC too big to fail? Or just too powerful?" -- (link)" by ty97

All three of them need to go through bankruptcy

Posted by Brian (aka trav007) Oct 29 '08, 06:56

which will have to be pre-packaged and very short, lest consumers totally abandon them.

All 3 have too many dealers, too onerous labor contracts, and crushing legacy costs. Only bankruptcy can get rid of all that.

Responses:

don't forget the absurd medical costs each is also shouldering for both current and retired employees -- nm - decline Oct 29, 07:00 2
- The are cutting my mom off in January. She's working on finding private insurance, but at 83 it's tough. -- nm - Amy of Darkness Oct 29, 07:05
- unions, got to love em -- nm - deadmond Oct 29, 07:02
*nods* -- nm - ty97 Oct 29, 06:56

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All three of them need to go through bankruptcy

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