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Automotive News & Views United Automobile Workers of America (UAW)
16728 messages, Last post on Dec 02, 2009 at 2:34 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (Dec 16, 2008 12:35 pm) Teachers don't pay into SS, they have their own form of SS. I taught for two years and upon leaving I asked for my money back and got a check. |
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Replying to: gagrice (Dec 16, 2008 12:40 pm) The sub prime mess is a contagion to the whole banking system. Financial stocks are key components to most pension plans, personal stock portfolios, etc. Now because too many sketchy loans were written, especially without a fair amount of owner equity, the vast majority of middle-income earners have to suffer needlessly. As the stock market goes, so do the pension plans. This problem could have been largely avoided if more mortgages were held in house and banks and other financial institutions managed a balanced portfolio of loans. However as mortgages became largely trade-able commodities there became a greater incentive to pass off the "hot potatoes" as quickly as possible so you don't get burned. Little did we know that there were so many "hot potatoes" accumulating at Fannie Mae and Freddie Mac. Oh, by the way, Fannie and Freddie are now traded on the NYSE so they better play the game too.
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Replying to: gagrice (Dec 16, 2008 12:47 pm) Very insightful  - They are! But I guess the funniest (perhaps not to the the employees though) "alternative use" of union labor was by Japan Railways in the early 90s, when they went through a long process of downsizing. They had their employees growing mushrooms in abandoned tunnels (since they had shut down some railway lines too). |
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Replying to: dallasdude1 (Dec 16, 2008 5:22 pm) Wait for it - it's still early. Two U.S. pension funds see $52 mln hit from Madoff (Reuters) More from the left press: Bail Out the Auto Industry? Why Not Take Over Their Health Care Instead? (Alternet) |
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Replying to: rexy44 (Dec 13, 2008 8:43 pm) |
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Replying to: explorerx4 (Dec 16, 2008 3:14 pm) www.savannahdfw.com |
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I first want to say thanks for the support many of you have given me.....My training in Troy, MI was a absolute blast and came back to Grand Rapids, late last thursday night. I was doing about 85-95 mph on I-75 in the 2009 Aura XR 3.6 blowing my eardrums out of my head with XM.  We got busy today despite the cold weather. I've been working my butt off since last friday thus I haven't had time to drop in here lately. I got to touch a $1.9 million dollar Bugatti Veyron, and was like a kid in a candy store touching Lamborghini's, Rolls Royces, Bentley's, Acura TL's, Maserrati's, Hummer's, Aston Martins, Bimmers, Cadillac's, Saturns, etc, etc, you name I pretty much got to see em'....It was just a blast for me because you all know how much I love cars. I work for a first class dealership and just maybe the best owned and operated dealer group in the world. I haven't sold any cars yet but I have about 6 solid spoons in the pot presently. I met a guy who sold 96 Saturns last March and sold 40 last month....The guy makes well into the six figure bracket. The economy on Oakland county in Detriot, is unbelievable solid thus that is one of many reasons why they sell cars so well there. I drove by the Delphi Corporate HQ and was like wow!! I drove by Chrysler's HQ also. One of these days I'm going to GM's HQ and I am working on getting a Duke University basketball jersey for Rick Wagoner, to sign. He was in Washington, thus I didn't get a chance to go meet him but one of our lady's who knows him very well promised me she would get him to sign it!!! It might be a one of a kind thing and when Rick Wagoner, hangs up the fountain pen and goes down in history as the man who helped save GM, from extinction and helped them climb back to #1 with a little help from the UAW, Congress that signs a domestic content act into law well this present disaster will only be a chapter in a remarkable novel. The United Auto Workers, might yet still save this country from un free-market capitalism!!!  If any of you are looking for a car........   "The Rock"
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Replying to: gagrice (Dec 16, 2008 5:11 pm) I do the crossword puzzle every morning (prior to work) both the daily commuter and the New Yorker. It awakens the mind and expands knowledge. You wouldn't understand, its a UAW/MENSA thing. Mondays are quite simple and they get harder as the week goes on. Good thing we don't work Fridays. |
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I was wondering where you were at ??? Were you in DC also ??? -Rocky
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Even when GM and Toyota were almost tied for #1 position in sales, one made money, while the other is on the verge of bankruptcy. Hmm.. so what went wrong?
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