Robert Nabloid

Implications of a 'Failed Detroit' Are Hurting the Dollar

It's probably better than GM and others file for bankruptcy to give them a REAL chance at reorganizing enough to become competitive. How else will they fix the balance sheet enough to make a lasting difference? Giving them a few billion won't fix things - they had a lot of money in the bank and they still blew through it. We need the companies like GM to file for Chapter 11. It's ugly, but Chapter 11 can work and it exists for a reason. That doesn't mean the end of GM. I love GM btw.

The Dollar looks very risky from where I sit. The $8 T is just the beginning. I guess we will have to wait and see how much else gets pegged onto that.