New Big Three Rescue Plan: Managed Bankruptcy - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Scott@Bjorn3D · 12-18-2008, 10:51 AM

Yup that is what Bush is thinking now.

http://www.foxnews.com/politics/2008...cy-automakers/

*Mr. Wyndham* · 12-18-2008, 10:54 AM

Among many other options, thank God...

Scott@Bjorn3D · 12-18-2008, 11:03 AM

The problem is he is taking to dang long. Wagnor said they would be out before the end of December. Bush is not moving fast enough to keep them going. If he now wants to do a structured bankruptcy that could be months before they get any money.

This congress and adminstration is a bunch of bozos.

*Mr. Wyndham* · 12-18-2008, 11:07 AM

I guess I can understand, and respect the time they're taking to formulate a well thought out plan...but I agree, there's a few things I have problems with.

Why the heck didn't they wait forever to give money to the banks like this??
We all know the gov't is incapable of drawing up a 100% good plan for anything, and
Right now is NOT the time to fritz around while an Industry is collapsing under our noses.

12-18-2008, 10:51 AM	#1
Scott@Bjorn3D Drives: Kami, 2013 2SS LS3 Luvin Join Date: Oct 2008 Location: Eufaula, Alabama Posts: 6,427	New Big Three Rescue Plan: Managed Bankruptcy Yup that is what Bush is thinking now. http://www.foxnews.com/politics/2008...cy-automakers/

12-18-2008, 10:54 AM	#2
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	Among many other options, thank God... __________________ *"Keep the faith."* - Fbodfather

12-18-2008, 11:07 AM	#4
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	I guess I can understand, and respect the time they're taking to formulate a well thought out plan...but I agree, there's a few things I have problems with. Why the heck didn't they wait forever to give money to the banks like this?? We all know the gov't is incapable of drawing up a 100% good plan for anything, and Right now is NOT the time to fritz around while an Industry is collapsing under our noses. __________________ *"Keep the faith."* - Fbodfather

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12-18-2008, 11:03 AM	#3
Scott@Bjorn3D Drives: Kami, 2013 2SS LS3 Luvin Join Date: Oct 2008 Location: Eufaula, Alabama Posts: 6,427	The problem is he is taking to dang long. Wagnor said they would be out before the end of December. Bush is not moving fast enough to keep them going. If he now wants to do a structured bankruptcy that could be months before they get any money. This congress and adminstration is a bunch of bozos.