Ask questions via twitter! Message any question to @answers on twitter. We'll publish the question and send you a reply each time there's a new answer.
Next Question

Question

rhonmark rhonmark
 
December 19, 2008 04:59 PM

Thoughts on the approved $13.4B emergency 'BandAid' fund for the automakers which are bound to go down anyway?

A $13.4B emergency bailout fund was approved this morning to help the ailing automakers. They were given 3 months to make themselves viable companies. If they fail to produce a plan by March 31, the automakers will be required to repay the loans, which they find all but impossible. Who's gonna repay those loans?
Interesting Question?  Yes (0)   No (0)   
Email to a friend | RSS
 
 

 
   No Best Answer Selected
 
 


Answers (3)

Sort By
hartwell hartwell
 
December 19, 2008 05:07 PM
the stockholders will pay. because part of the loan is a clause that won't allow it to be discharged in eventual bankruptcy case.

what this really is, is an incentive to the big three to go chapter 11 sooner, not later.

might even work.

Helpful Answer?  (0)   (0)    Tip hartwell for this answer
Permalink | Report
   Reply  
 
 
hanselzen hanselzen
 
December 19, 2008 05:40 PM
no one and automakers will file for bankruptcy then all the money gone... crisis will be worsen.

Helpful Answer?  (1)   (0)    Tip hanselzen for this answer
Permalink | Report
   Reply  
 
 
rhonmark rhonmark
 
December 19, 2008 05:58 PM
That's what I thought too!

Report
 
 
tracebooks tracebooks
 
December 19, 2008 09:00 PM
Our grandkids are going to be paying for this, big time, if it doesn't work.

The thing is, someone is still going to have to build cars, even if they are hybrids. And if they expect people to be able to afford them, they are going to have to change their pricing, too. It may not be economically feasible for them to make cars with a price point most people can afford.

Or, maybe, the horse breeders should start working overtime...

Helpful Answer?  (0)   (0)    Tip tracebooks for this answer
Permalink | Report
   Reply  
 
 

Answer this Question


Related Questions

View All Cars Trucks Questions

Ask a Question


140 characters left
Top of Page
Buy Mahalo Dollars with Credit Card or PayPal

Top Members

This Week All Time
  • buddawiggi
    buddawiggi
    2nd Degree Black Belt
    26830 Points
    M$782.84 Earned
  • kty2777
    kty2777
    Purple Belt with a Brown Tip
    5313 Points
    M$198.17 Earned
  • opher
    opher
    Purple Belt
    4027 Points
    M$170.67 Earned
   See All
 

Most Popular Tags

mahalo(1581)
twitter(943)
iphone(460)
music(458)
google(351)
food(312)
internet(302)
online(292)
beer(277)
money(261)
movies(254)
facebook(252)
apple(249)
aotd(235)
answers(220)
health(217)
video(201)
free(201)
dog(200)
windows(196)
   See All
 

Categories

Welcome New Members


 
 
Mahalo Dollars are the currency of Mahalo Answers.

Each Mahalo Dollar costs $1.

Once you earn more than 40 Mahalo Dollars, you can request to be paid via PayPal. Each Mahalo Dollar is currently worth $0.75 when paid out via PayPal. Learn More

 
 

Please log in to use this function.

Answers Home | Ask a Question | Earn Points | How Tips Work | Widget