[quote=equalizer]Grant Thornton: “One way or another, these companies need to shrink a lot. In a merger, GM would eliminate as many as 40,000 of Chrysler’s 67,000 employees, and as many as 19 of its 26 car and truck models. 2/3 of 22,000 dealers could close!”
Wilbur Ross, turnaround king, says bailout needed to save 100,000 good paying jobs. “If you want market solution, then you will end up Walmart jobs.”
Fast Money crowd: Just buy out employees directly and they can train for better jobs. Then auto firms can be slim down and make only cars that people want like Corvettes and Ford GT.
Cramer: Dont buy auto sector until Govt bailout, then buy auto bonds, preferreds.
Ayn Rand: Screw MI and the lazy democrats, no bailouts for overpriced Corvettes.
[/quote]
Probably also wouldn’t hurt Wiiilbuuur’s portfolio of junk, err, automaker debt.
