New G.M. Chief Doesn’t Rule Out Bankruptcy

[greenego]

President Obama tell me again how you saved the auto industry.

http://finance.yahoo...-100202640.html

[TN_Hiker]

Oops!

Sorry, the page you requested either doesn't exist or isn't available right now!

Looks like they killed that story quick lol

[Guest 6.8 AR]

America's union plagued Greece.

[enfield]

The government's helping to run GM into the ground, just like they screw up every other business venture they get into. The CEO said that GM is running the company, not the government, but that Obama told the previous CEO to resign. That makes my head hurt.

[camp]

I found the article here

http://finance.yahoo...202640.html?l=1

never mind no sooner had i read it and posted the link it to disappeared

Edited June 15, 2012 by camp

[daddyo]

If GM goes under, Obama will blame it on Bush and the republicans. That seems to be his entire strategy.

[Guest 6.8 AR]

Government had no business engaging in the private sector, but that was only a payoff to the UAW. They were

essentially given GM for their years of support and the only way GM could survive was by taxpayer support.

A very wrong thing to do since private enterprise would have trimmed down the company after a bankruptcy,

which was needed. The union gift set the stage for a bigger fall.

[greenego]

Big brother must have been working overtime on this one. So much for freedom of the press. Having the story removed to me is more damming than the story.

Found another link. Hope this one works

http://investorvillage.com/smbd.asp?mb=5029&mn=52631&pt=msg&mid=11824302

Edited June 15, 2012 by greenego

[canadienmike]

It was probably removed because the story is a couple of years old.

Fritz Henderson is not the CEO of GM anymore, he left in 2009.

[RobertNashville]

The story is old but GM is having some sever problems right now and a real bankruptcy happening is not out of the question - had all these "to big to fail" companies, including GM, been allowed to do just that we would likely be in a roaring economy right now.

[mcurrier]

It's an accidental repost of a story from 2009

http://www.nytimes.com/2009/04/06/business/06talk.html

[greenego]

Didn't realize it was old. I guess when you see it on Yahoo's financial page you think it's current.

[mcurrier]

Didn't realize it was old. I guess when you see it on Yahoo's financial page you think it's current.

I hear ya. Someone who works there just messed up when adding a link to something and made an old story temporarily a current story, then caught their error and killed the link.

[Guest 6.8 AR]

GM isn't out of the water, yet, and is unlikely to survive for the long term. That article which is a couple

years old only tells the tip of the iceberg. GM announced on the news a year or so ago, that it has started

making a profit and has repaid a substantial part of its loan back, which wasn't true. They were essentially

forgiven the amount of money they claimed to have paid. They seem to be using the same propaganda

tools the administration does.

It's really a pity the unions got such a grip on the company. They will go down hard, even with the tax dollars

added.