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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?
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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.

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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.

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rhonmark rhonmark
 
December 19, 2008 05:58 PM
That's what I thought too!

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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...

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