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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: dallasdude1 (Dec 28, 2008 8:52 pm) Agree with much of what you say. However, the need for capital and loans *is* value added and greases the entire economy. Problem is that most of the other stuff in the financial industry is smoke and mirrors that add no value. But the fundamental workings of a banking system (that could collapse due to the other crap) are critical to our entire society - more so than Circuit City, Mervyn's, or the D3. So a case can be made that the bailout of the banking industry is more important than other companies and industries. I just wish they'd put the heads of these financial institutions on trial, and make some massive regulatory reform. I thought Sarbanes-Oxley was supposed to prevent misstatements of financial conditions in a company? |
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Replying to: gagrice (Dec 29, 2008 6:33 am) Excellent statement. The UAW and GM want it all, but that isn't going to happen. Which item is going to give? They should decide or the market will decide it for them. |
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Replying to: dallasdude1 (Dec 29, 2008 8:24 am) LOL! Back to UAW, we speak of tariffs. In the 1980's we imposed voluntary import quotas on the Japanese. But the buying public still wanted the cars. So the J3 upped the size and content of their cars since they could not import more units. This opened up the market of larger more expensive vehicles to the J3. Not the effect that anybody (including UAW) intended. This was an example of where a protectionist attempt backfired on the D3. The best competition would be outstanding products that the consumers want to buy. |
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Replying to: 62vetteefp (Dec 29, 2008 8:52 am) We don't know since they same characters have been in charge for so many years. Perhaps we should find out? I'll nominate Wagoner!
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Replying to: tlong (Dec 29, 2008 10:54 am) |
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Replying to: 62vetteefp (Dec 29, 2008 11:48 am) |
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Replying to: 62vetteefp (Dec 29, 2008 11:48 am) Why would you hear? Chrysler is a privately owned company now, and does not have to make ANY financial information public. They report to the IRS only. GM and Ford are public and must make financial statements public. |
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Replying to: dallasdude1 (Dec 27, 2008 8:15 pm) |
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Replying to: dino001 (Dec 29, 2008 6:09 am) The biggest folly of the capitalist market has been to share all secrets to everybody in the world in the hopes that somebody can make it cheaper and they can sell it for more profit. So what is specialized now? nothing?
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Replying to: chikoo (Dec 29, 2008 1:10 pm) I'll bet that GM has been teaching the Chinese to make Buicks. |
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