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Detroit, 11:15 PM
Sat Nov 7
5 posts in the last 24 hours
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06/26/09
06/26/09
Stop market timing dewd.
06/26/09
His ass really should be in prison for some of what he's done, but the SEC is kinda lame in that area...though they got Martha Stewart for a $50K deal!
/used to be in the securities biz...glad I'm out
06/26/09
They didn't do sh*t to her for insider trading, it was the lying that got her.
I'm with you though, Cramer should be in jail.
06/26/09
Besides.. everyone already knows Cummins is full of win. You don't have a truck if it doesn't have a cummins in it.. and unlike the stock market.. cummins doesn't rely on fluff to turn a profit.. they instead rely on solid engineering to make some of the best diesel engines.. in the world...
06/26/09
06/26/09
06/26/09
11/17/08
11/16/08
Personally I'd like to see GM saved and then single out the fuckers who are responsible for the mess, and make them the laughing stock of the country. Print their pictures in the paper. Or make a dodgy businessman register like you have for sex offenders.
They couldn't run a root in brothel, what are they doing running a major (formally largest) car manufacturer?
11/15/08
1) Take over FULL medical costs for all their retirees.
2) Cover ALL pension expenses for retirees.
3) Fully fund development of next gen. high capacity batteries for shared hybrid/elec. vehicle production.
The companies would be allowed to use their pension funds for tax-free $$$ infusion.
Chrysler might still die in the process, but GM/Ford could ride it out.
11/16/08
BTW, no one has mentioned that the EU is threatening WTO reprisals if the US bails out the domestics...
Boy howdy... I bet Obama is wondering whether or not he wants to ride this horse now that he bought it...
11/16/08
11/15/08
11/15/08
What do you expect when you continually whore yourself out to the public offering 0% money for 72 months, Employee pricing every damned time you turn around and HUGE SUV's that complete douchebags drive down the highway in with seating for 9 by themselves.
I hope they go under. One less manufacturer for the others to compete with.
11/15/08
Ya know, goddamn GM, always producing giant SUVs for douchebags! Yep, I hope they burn for it!
11/15/08
Here's the rock-toting Semi Truck driver heading home for the day:
[www.craveonline.com]
Sorry the embed code didn't work.
/threadjack
11/15/08
11/15/08
11/15/08
11/16/08
11/15/08
It's not like they got here without any gvm't help.
Seven years of easy finance from "easy Al" which encouraged people to move up the food chain when buying a new car/truck, and 30 years of refusing to raise fuel taxes when oil was under $10 to a level closer to what the rest of the developed world deemed reasonable thus encouraging even grannies & secretaries to buy huge trucks, are what got us here.
Hell even Toyota builds its own monster P/U.
It ain't all the industries fault...
11/16/08
The auto industry has been keeping gas prices low, emissions/CAFE away from trucks, and has made heavy vehicles tax deductible precisely so that they can make a quick buck from big, easy to make vehicles.
They made their bed, and what more is they made us all sleep in it. Fuck them, it IS their fault.
11/15/08
11/15/08
I keep on hearing that management needs to be cut as part of whatever deal. How would this help? Nardelli and Mulally have been at their posts less than two years, and Wagoner, despite all the money lost, has transformed the company into making competitive vehicles.
@tad49: nothing special about GM? Just the fact that they're still the largest volume manufacturer in the world, huh? And Chrysler will not pick up any sales soon, I guarantee this. Cerberus wants out, and they are slowly finding their way out of the car business. What does that leave behind? A carcass for the rest of the auto companies to pick off of... which they don't want right now, because the market's so bad. (this goes for anyone saying that GM should be bought by a Chinese company as well- why not buy up Chrysler? It would be much easier, and start them off at a much smaller scale)
11/14/08
[www.fool.com]
"Japan's industrial sector has failed to meet its cost of capital over the last 20 years, in large measure because the government has allowed capital-destroying companies to continue to operate. Had these companies been allowed to fail, Japan long ago could have flushed out its system and gotten back on the road to economic health. In the name of protecting jobs, Japan's economy has continued to sputter, punctuated by spectacular bankruptcies in cases where the facade could not hold up. The cost of propping them up has been much, much more economic pain. Japanese call the long economic downturn ushinawareta junen, the lost decade."
11/16/08
11/16/08
Just sayin'...