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Do You Favor A Government Loan To The Detroit 3?

3958 messages,  Last post on Oct 02, 2009 at 4:52 PM

You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires

What is this discussion about? Legislation


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#3891 of 3958
Re: Why businesses fail [gagrice] by steve_ HOST
May 12, 2009 (9:38 pm)
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Replying to: gagrice (May 12, 2009 9:29 pm)

Your stock got watered down. Ford is issuing new shares to raise more money.
 
Let's see - here we go - UPDATE: Ford Motor Sells 300M Shares Of Stock, $4.75/Shr (Wall St. Journal)
 
Here's the AutoObserver blurb.
 
Ford hit ~$6 a share recently. It'll be interesting to see if and when they get back there.
#3893 of 3958
Re: Why businesses fail [steve_] by pf_flyer HOST
May 13, 2009 (3:09 am)
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Replying to: steve_ (May 12, 2009 9:38 pm)

Ford and GM stocks started moving in different directions just about the time that Ford announced they wouldn't be taking bailout money. Coincidence?
Head To Head
#3894 of 3958
Re: Why businesses fail [pf_flyer] by bpizzuti
May 13, 2009 (4:38 am)
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Replying to: pf_flyer (May 13, 2009 3:09 am)

Ford and GM stocks started moving in different directions just about the time that Ford announced they wouldn't be taking bailout money. Coincidence?
 
Nope. They knew bailouts would dilute the stock value, not to mention reducing the power of shareholders.
#3895 of 3958
Re: Why businesses fail [steve_] by gagrice
May 13, 2009 (4:51 am)
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Replying to: steve_ (May 12, 2009 9:38 pm)

I thought I was going to be rich when "F" hit 6 bucks. Oh well, I am still doing well on it. It has helped my sickly 401K. I am not sure how they can just decide to issue more stock. Seems so underhanded. I really gave up trying to figure out the market years ago. Let Fidelity worry about it. I do much better buying and selling real estate. Anyone like to buy the Renaissance Center in Detroit? Good long term tenants.
#3896 of 3958
Re: Why businesses fail [gagrice] by lemko
May 13, 2009 (6:41 am)
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Replying to: gagrice (May 13, 2009 4:51 am)

Renaissance Center? They should've called it the "False Dawn." Look for Detroit to become like cities on the show "Life After People." It'll give us an idea of what happens to an abandoned city without the aid of computer graphics.
#3897 of 3958
Re: Why businesses fail [lemko] by ruking1
May 13, 2009 (6:54 am)
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Replying to: lemko (May 13, 2009 6:41 am)

Indeed ! Sadly( - my .02cents) or happily, that has been happening across America for many many years. Why should cities be spared?
 
Given our short history as a nation, since "1776" 233 years, it has been more of an ongoing process, rather than a more recent phenon.
 
But it is interesting that the urban boundary around Washington DC, as grown almost exponentially during the same time.
#3898 of 3958
Re: Why businesses fail [ruking1] by xrunner2
May 13, 2009 (7:02 am)
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Replying to: ruking1 (May 13, 2009 6:54 am)

But it is interesting that the urban boundary around Washington DC, as grown almost exponentially during the same time.
 
The new guy in the white house will be adding tens of thousands of jobs there according to recent news accounts. Suppose many of these will be to "help" the automakers and to monitor, track the government "loans" to the Detroit 2.
#3899 of 3958
Re: Why businesses fail [ruking1] by lemko
May 13, 2009 (7:03 am)
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Replying to: ruking1 (May 13, 2009 6:54 am)

Youngstown, Ohio is already demolishing vacant areas of the city and moving the few remaining residents of those areas into more populated spots.
 
This is what the South Bronx in NYC looked like by 1975:
 

 
This is what a lot of parts of once-thriving North Philly now look like.
#3900 of 3958
Re: Why businesses fail [lemko] by gagrice
May 13, 2009 (7:49 am)
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Replying to: lemko (May 13, 2009 7:03 am)

I don't consider living in a high rise as thriving. Anything less than an acre around me is an abomination. Living that close to other people is just not healthy, physically or mentally. I think the Philadelphia plagues are a prime example.
 
All of Detroit will look similar in the next decade. It proves my idea that spreading out is preferable to cramming together with people you don't even know. There should only be a half dozen homes in the space. Good riddance to the cities. I avoid them at all cost.
 
That will be the next waste of our tax dollars. Building the future slums of America.

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