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Ignore Detroit's Bondholders' Whines

The previous writer makes some very compelling points about the Chrysler Bankruptcy and what may or may not occur in Court. Under the Obama Admin., Big Labor is certainly being favored in the outcome that they are seeking. Had this BK occurred six (6) months ago under the Bush Admin., the same thing would have occurred with the Bond Holders being favored as the UAW is in this settlement and Big Labor getting screwed. Somewhere there should be a happy medium which favors neither side but does what is right by all parties !

General Motors: General Malaise

I agree with the first writer. GM Is doing gangbuster sales overseas. In 2009 or 2010, their legacy costs will in some ways be reduced due to many retired UAW workers dying off. Give them time and I think they will be OK. Getting rid of Buick and/or Pontiac, Saab, etc. might be worthwhile.

53-Year Low: Re-valuing General Motors

Agree with the earlier poster that if any goes under, it likely would be Chrysler and not GM or Ford but Ford is pretty weak. Detroit's problem is changing production over to small, gas-efficient cars and trucks and ASAP. I own GMAC Bonds and even though Cerebrus owns 51 % of GMAC and GM the remaining 49 %, they are working their way through the glut of over-valued housing inventory and their exposure to it vis a vis loans. I would agree with the earlier poster that Detroit should not be bailed out but do think that the Federal Govt. should assist in the subsidy of aviation fuel for domestic carriers inasmuch as it would seem that the same Govt. (with it's Iraq war policies) has so angered the Arabs & OPEC that their way of getting even is to make it tougher on all Americans (Rich & Poor) in terms of paying for oil, gas, energy, etc. !!!!! I find it very strange that last week the President of OPEC threatened G-8 POWERS with $ 200 barrel oil costs IF IRAN WAS INVADED, but there is no press reporting of this statement anywhere ???? Thoughts ????