The United States Government has invested billions of tax payer dollars into GM, Chrysler and Ford. I personally been against the government being involved with private industries and financial institutes.
Did you know that when a individual or corporation files for bankruptcy their dept is erased and their assets are liquidated.
How much of that money will the government get back?
I know Chrysler closed all it’s plants during bankruptcy period, is GM going to? and when does it start? tomorrow. How long did Chrysler wait before they idled their plants after filing bankruptcy?
What is the key to Ford’s ability to keep afloat when Chrysler’s already filing bankruptcy and GM’s filing is inevitable? Is it the way the company is run? Is it the products? What’s making the difference?
Obama said that he wants car manufacturers to make much better fuel efficient cars. I read this article online in Yahoo News. Keep this in mind and continue reading.
I understand that GM and Chrysler have filed for bankruptcy. GM is going to come back in 30 days I heard. Is this right?
Back to Obama wanting car manufacturers to make better fuel efficient cars.
Why the hell is Obama letting GM keep the "hummer"?????????? The hummer is not a fuel efficient car.
I’m lost in my understanding of this.
They say that Chrysler is going to restructor the company, where are they going to get the money after bankruptcy?
how can someone keep the money to owe?
US industry GM, Ford, Chrysler, Steel. etc were critical to America surviving and winning WW ll, Korea, etc.
These factories could be bought by Muslims with our money, then the doors shut, workers laid off, the plants dismantled and junked or shipped out of the country. With no defense left for the country, how will we feed all the poor? And stop the barbarians from sacking the country?
I keep reading about people and companies filing for bankruptcy these days. Particularly GM and Chrysler. What exactly happens when someone files for bankruptcy? People say that it’s something you want to avoid if at all possible, but I’ve also heard Bush say that it’s a good thing for the auto companies to do in order to reorganize their companies. Now I’m no Bush fan but there’s got to be SOME substance to what he said (maybe?) as his economic advisers are saying this is a good idea. Why does Bush say this is a good idea while many other leaders say it’s a bad idea?
I’ve also read comments from "regular" people who say that the Big Three should be left to go bankrupt and clean up their own mess. But that this would cause tons of people to lose their jobs.
I’ve looked up the dictionary definition of bankruptcy as well as the wiki page and I’m still confused. I need someone to give me a very simple explanation about what bankruptcy is and what is going on right now in the US. Please help me understand this!
In the fall of last year, I thought the economy might be turning around by now. Now Chrysler is going into bankruptcy and GM is following. This means all the dealerships will suffer and the suppliers etc. etc. We have tent cities going up and more people are losing their homes.
Where will all the "blue collar" workers find other employment opportunities? I know that there is a push for alternative energy and infrastructure rebuilding, but I can’t see that this will be enough.
If we can turn it around, what do you think the economy will be like in 10 years. Where will the manufacturing jobs be?
And not just in 10 years, when do you think the economy will turn around?
I know we’ve had Ford GM and Chrysler for a long time, but what should happen if our car companies go out of Business, and how are we going to manufacture or transportation?
In the past several weeks my stocks have all done very well. Now do do you think everything is going to crash if chrysler begins bankruptcy and liquidation next week. The stocks are not in automakers but will this have a bad effect on all stocks?
If they do go bankrupt, won’t that leave the small suppliers holding the bag for money owed to them by Ford, Chrysler, and GM? How would that impact the economy?