Why is the gov. still giving these losers bailout money? AIG $30 more million WTF

[BanginJimmy]

Actually, a good friend of mine (who is on this website), his grandfather was a GM executive many years ago.. When he left, he told everyone that GM would fail because of all the labor unions and etc...

He was right..

The writing was on the wall a LONG time ago that the unions would kill the Big 3. GM's sales would easily cover their expenses if it wasnt for their horrid union contract. As I have said before, I read an editorial that said that if GM slashed all retirements from 95% to 80% it would save them about 50B a year. That would make GM a profitable company immediately. In 5 years when they paid off all of the debt they have accrued due to the unions they could start expanding again. Maybe they would be smart enough to set up a 401k program instead.

[civic95]

If a company is ran poorly it's going to fail anyway. What's the point in delaying it a few months. I say let them fail. Someone else can step in, and do it better.

[jamaicanDM]

further more $20 million year is still too much even for UTD......Look what happened to Vodafone who at that time was the highest paying shirt sponsor and they even renew their contract. Either way im still a big fan....Flying from Reykjavik to Manchester next week to wathc them play Inter.....