John Pseudonym

Banks Are Yet Again Under Pressure

The CEO of Ford made (or showed what) a fool of himself whining about not getting any money.

First he's says it's not his fault the economy tanked. That's true, but it's his job to at least have a plan for/if/when the economy tanks. What the heck are you being paid for? To stand their in good times and collect big checks and then whine when times turn bad and your company is instantly bankrupt?

Then he whines about people not getting loans (that they can't pay back) to go out and buy those $50,000 SUV's. Apparently he thinks the good old days of loaning money to people that can't pay it back are just a few months away and with this government bridge loan he can survive until the banks start giving away money again.

Not only did these fools not see it coming, they don't even understand what it is that has bankrupted them!

It's over GM, FORD and Dodge. The credit bubble has burst and it will be a long time (after you're gone) before we start loaning trillions to people that will never pay it back.

Here's how to save your company.

1. Go into CH11

2. Dump all of those ridiculous union contracts.

3. Fire 50% of your employees.

4. Hire a new design/engineering staff.

5. Build good cars people want to buy.