Homestead mailing list

[bob ford <bobford79 AT yahoo.com>]

I think that one reason the auto execs didn't take the congressional hearings 
seriously is they know there is no way the BO and the dems will let them 
fall.  There is way too much political debt there. 

 The truth is the $25 BN bridge loan is already spent, they are already that 
much , and more, in arrears.  They would need 10 times that amount to 
re-structure into being competetive with Honda. And until they had proven for 
at least ten years that they were as good as Honda, I would still buy Honda.  

The serious and sober action would say that they must go through regular 
chapter 13 re-organization bankruptcy.  But, there is no way in H*ll, that BO 
and the dems will allow that to happen.  No way...


--------------------------------------------------------------------

--- On Sun, 11/23/08, Clansgian AT wmconnect.com <Clansgian AT wmconnect.com> 
> A 'for example' would be the auto industry.  It might be out and out gone 
> as we have come to know it.  Yet, the Pollyannas in the industry chime (in 
> a  Sarah Palin voice) "Gee, guys if we all just belive hard enough, those 
> ol' SUV's will start rolling off the lot again."
> 
>