Subaru Enthusiasts Car Club of the Sierras - View Single Post

Dean · 2008-12-09, 10:42 AM

Saw an interesting option. Have the unions and their members take a large equity stake in the companies if they think they are so great and should not fail.

UPS did something remotely similar when they went public, although in different times and circumstances.

If the UAW thinks the little 3 companies can survive, then put your money where your mouth is! Save your own jobs.

The investment banks did not beg Washington for money, they were all but forced to take money. The investment banking industry is dead and some actually failed and all the others made drastic changes in business models in a matter of DAYS, and many thousands of jobs are gone.

GM mostly just doesn't understand how drastically they have to change and how fast...

Serberius can save Chrysler if they want to.

Ford can probably survive if their suppliers can survive GM's failure.

2008-12-09, 10:42 AM	#223
Dean Señor Cheap Bastarde Real Name: Dean Join Date: May 2003 Location: $99 Tire Store Posts: 9,294 Car: $.04 STI Class: Fast,Cheap & Reliable=STI Deal, did somebody say Deal? Oh, Dean, yeah that's me.	Saw an interesting option. Have the unions and their members take a large equity stake in the companies if they think they are so great and should not fail. UPS did something remotely similar when they went public, although in different times and circumstances. If the UAW thinks the little 3 companies can survive, then put your money where your mouth is! Save your own jobs. The investment banks did not beg Washington for money, they were all but forced to take money. The investment banking industry is dead and some actually failed and all the others made drastic changes in business models in a matter of DAYS, and many thousands of jobs are gone. GM mostly just doesn't understand how drastically they have to change and how fast... Serberius can save Chrysler if they want to. Ford can probably survive if their suppliers can survive GM's failure. __________________ I am a Commodore PET --- Now get off my lawn you kids...