marketwatcher2

Too Big to Fail, or Too Metastatized?

GM is one huge operation that is very labor intense. The failure of such a large operation would wreck havoc with the economy through failed debt on mortages, credit card debit and auto loan debt not to mention the unemployment status which is already at a major peak. As far as making a statement that GM failed to manage; It's more like our Private Financial sector failed to manage. Just maybe a little regulation will help.

GM has a brilliant CEO who not only has to manage US operations but now also a Global Operation. What is a fair salary for that kind of responsibility when you as a CEO have no control over an energy policy, currency exchanges, bank financial failure and Foreign Politics operating in the US for trade agreements in their favor?

GM can't fail it's a major part of our economy. Put some regulation in place to control the Banks and get affordable Capital back to business.