Quote Originally Posted by Mr. KiDD
+1

They need to declare bankruptcy and reorganize. Otherwise we will be bailing them out 5 years from now again.

I mean my uncle made a GREAT point, the airlines went bankrupt (delta did) and now they are stronger because of it. Of course my uncle got a pay cut but the company is stronger and more viable now than it was before.

GM and FORD need to go into bankruptcy, they need to re-evaluate their pensions, wages, etc. They need to figure out why their cars dont sell. I mean why are they paying $2000 PER CAR THEY SELL TO RETIRED WORKERS?

Theres almost no money left for a profit.

The initial shock would be bad if they go into bankruptcy, but, hey, only the strong survive
Kevin (Kustom Buildz) I had a good conversation off of here and one thing that he and I disagree on is timing? Kevin seems to think that doing it after the economy swings back up would be better and I disagree. The last thing you want is to have the Big 3 go down during an upswing. When the market starts going back up and the big 3 go under it would be a huge step back.