The mindless cyber kitty is going bananas

Bankruptcy is when someone or an organisation does not have enough money to pay all of its debt is insolvent. If it applies for protection by law it may then be bankrupt.

GM admits their mistakes in an open letter to consumers.....

http://ca.news.yahoo.com/s/reuters/081208/us/usreport_us_gm_ad_1

Monty, if you haven't seen the movie "Thank you for Smoking"......I highly recommend it. Basically a movie about lobbyists.

I agree Ottawa. Do you notice every time North America starts talking about hybrids and other technologies the price of oil goes down? The OPEC countries want us to be depended on oil. Do you notice the T.Boone Pickens Plan is not mentioned anymore?

The thing that really bothers me about the U.S. automakers is their lobbyists.

They have really expensive lobbyists to get them what ever they want. So... they got what ever they wanted...

Now they're threatening bankruptcy. That is irony if you ask me.

D.B.G.

I tend to concur with your thinking regarding the mind-set of the US Auto-makers. Here we were in the last few years with the price of fuel going up, and the GM's, Ford's, etc.. refused to catch on that perhaps they should start developing and producing hybrid vehicles.

The Honda's of the world certainly understood that the average consumer needed more fuel efficient cars to keep their own purse-strings in-check; hence why imports have gained a larger market share.

So in my opinion, if GM, Ford and Chrysler fall, well, such is life. The by-product will be some serious short-to-mid term pain to the economy, but other car manufactures' will step in to fill their shoes and give the consumer what they desire - better built and more fuel efficient vehicles. Eventually jobs at those factories will be created, and stability will return.

The news on CNN is depresssing, people losing their jobs so close to xmas.

They use these fancy names like bridge loans and bailouts. I am not in favor in helping none of these financial institutions or the car industry. Do you realize that America will end up spending 7 trillion dollars when this mess is all said and done?

The big three are now asking the Canadian gov’t for money, when it all end. The Canadian gov’t will be telling us our bad news by the end of this year. I don’t see anyone giving us a handout, which I would refuse if there was one.

You make my brain hurt.