No Bailout!

[wannabe2077]

In defense of Big 3 the main thing holding back the big three are their legacy commitments to retiree healthcare and pensions. GM and Ford earn $10-20 billion on their overseas operations.

If the government takes off retiree pension/healthcare obligations in exchange of UAW eliminating the jobs bank program the big three will do a lot better.

American companies without UAW style obligations have easily beat back Japanese challenges.

Microsoft has fought Sony to a draw in game console. Cisco/Juniper have ousted Fujitsu and NEC in networking.

[svelte]

[quote=no_such_reality]Only a fool makes a loan to a bankrupt and inept business.[/quote]

Tell it to the Japanese. They are about to do that for TEPCO.

http://www.msnbc.msn.com/id/43621411/ns/world_news-asia_pacific/

“TOKYO — A group of Japanese government heavyweights has written a secret proposal to break up Tokyo Electric Power Co and nationalize its nuclear operations, a newspaper said Sunday….The proposal has been kept under wraps as the government focuses on a taxpayer bailout for the utility to soothe market worries.”

[svelte]

[quote=no_such_reality]Only a fool makes a loan to a bankrupt and inept business.[/quote]

Tell it to the Japanese. They are about to do that for TEPCO.

http://www.msnbc.msn.com/id/43621411/ns/world_news-asia_pacific/

“TOKYO — A group of Japanese government heavyweights has written a secret proposal to break up Tokyo Electric Power Co and nationalize its nuclear operations, a newspaper said Sunday….The proposal has been kept under wraps as the government focuses on a taxpayer bailout for the utility to soothe market worries.”

[svelte]

[quote=no_such_reality]Only a fool makes a loan to a bankrupt and inept business.[/quote]

Tell it to the Japanese. They are about to do that for TEPCO.

http://www.msnbc.msn.com/id/43621411/ns/world_news-asia_pacific/

“TOKYO — A group of Japanese government heavyweights has written a secret proposal to break up Tokyo Electric Power Co and nationalize its nuclear operations, a newspaper said Sunday….The proposal has been kept under wraps as the government focuses on a taxpayer bailout for the utility to soothe market worries.”

[svelte]

[quote=no_such_reality]Only a fool makes a loan to a bankrupt and inept business.[/quote]

Tell it to the Japanese. They are about to do that for TEPCO.

http://www.msnbc.msn.com/id/43621411/ns/world_news-asia_pacific/

“TOKYO — A group of Japanese government heavyweights has written a secret proposal to break up Tokyo Electric Power Co and nationalize its nuclear operations, a newspaper said Sunday….The proposal has been kept under wraps as the government focuses on a taxpayer bailout for the utility to soothe market worries.”

[svelte]

[quote=no_such_reality]Only a fool makes a loan to a bankrupt and inept business.[/quote]

Tell it to the Japanese. They are about to do that for TEPCO.

http://www.msnbc.msn.com/id/43621411/ns/world_news-asia_pacific/

“TOKYO — A group of Japanese government heavyweights has written a secret proposal to break up Tokyo Electric Power Co and nationalize its nuclear operations, a newspaper said Sunday….The proposal has been kept under wraps as the government focuses on a taxpayer bailout for the utility to soothe market worries.”

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