GM to File For Chapter 11 Bankruptcy Tomorrow...Does Anybody Care?

Hold on to your hats folks...2009 2nd half will be more rocky, less sunny with some more storms forecast...

They will probably bail out gm with taxpayers money i think.

If gm goes bankrupt millions will be out of work millions i tell you!!!!


Plus psychologically the consequences will be horrendous.
We could see a tumble in stocks like in 2008!

Or even worse for that matter this could be a trigger event for a panic on wall street!!!!

They will probably bail out gm with taxpayers money i think.

If gm goes bankrupt millions will be out of work millions i tell you!!!!


Plus psychologically the consequences will be horrendous.
We could see a tumble in stocks like in 2008!

Or even worse for that matter this could be a trigger event for a panic on wall street!!!!




But but, I don't get the GM bailouts.... if people dont want to buy their stupid cars, and they cant make them at a profit, what good is a bailout? Will they make cars that go to sit in lots some place? Will .gov give them away? What is the 'vision' please?

nope
not me

Up until last year, the big three (GM Ford, Chrysler)plus Toyota automakers in this country made record profits.

They were selling record numbers of autos. Mismanagement by GM and Chrysler caused their demise. Ford is treading water, and got loans from Canada.

Toyota is still doing fair considering.

Dont try to blame this on poor quality autos, because its not true

Up until last year, the big three (GM Ford, Chrysler)plus Toyota automakers in this country made record profits.

They were selling record numbers of autos. Mismanagement by GM and Chrysler caused their demise. Ford is treading water, and got loans from Canada.

Toyota is still doing fair considering.

Dont try to blame this on poor quality autos, because its not true

It's the thrue you know but before the economic crisis people just got themselves into debt as bankers were throwing money at anybody but when the credit crunch began and the housing crisies started to pop things changed people realized they were buying cars that are way too expensive for their means not to mention the poor mileage of those grotesque suv's.

It was only a matter of time before people realized that this auto manufacturer was not following the consumers needs they followed profit and now they are on the verge of bankruptcy.

It will be interesting to see if the obama administration will bail out gm or not.

If they do give them a bail out it will be with certain conditions that's for sure like modernizing their cars create new concepts that are more viable to the impovrished americans.

If they don't bail out gm we could have a full blown economic crash!!!

Then protectionism will follow and finally the demise of the us dollar which is perhaps what they planned anyway for the introduction of the amero only time will tell.

As if we needed more bad news...GM will file for Chapter 11 Bankruptcy on June 1,2009. It looks as if the US Gov't will be in some partnership with the Automaker to the tune of 71% ownership. Thus the new meaning of the iconic initials GM from General Motors to Government Motors. How will the markets react? Or will they at all react to this news? Is this doom already factored into the recent meltdown of the markets?, or will this start the 2nd phase of doom along with the current and predicted rise in interest rates due to massive printing of dollars without value and more loan defaults and foreclosures that have not even begun, along with stagnant REO and Bank Owned houses that are still on the books that lenders and banks can't get rid of for pennies on the dollar?

I you are in the market for a new car would you buy one from a bankrupt company like GM or would you buy from a company like Ford that seems to have their shit together so to speak? I would buy a Ford.

Up until last year, the big three (GM Ford, Chrysler)plus Toyota automakers in this country made record profits.

They were selling record numbers of autos. Mismanagement by GM and Chrysler caused their demise. Ford is treading water, and got loans from Canada.

Toyota is still doing fair considering.

Dont try to blame this on poor quality autos, because its not true

It's the thrue you know but before the economic crisis people just got themselves into debt as bankers were throwing money at anybody but when the credit crunch began and the housing crisies started to pop things changed people realized they were buying cars that are way too expensive for their means not to mention the poor mileage of those grotesque suv's.

It was only a matter of time before people realized that this auto manufacturer was not following the consumers needs they followed profit and now they are on the verge of bankruptcy.

It will be interesting to see if the obama administration will bail out gm or not.

If they do give them a bail out it will be with certain conditions that's for sure like modernizing their cars create new concepts that are more viable to the impovrished americans.

If they don't bail out gm we could have a full blown economic crash!!!

Then protectionism will follow and finally the demise of the us dollar which is perhaps what they planned anyway for the introduction of the amero only time will tell.

This is all according to plan. We can't stop it.