Dave O.'s Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/272136/comments http://seekingalpha.com/article/178897-is-the-dollar-too-big-to-fail?source=feed#comment-813504 813504 Borrowing to reduce debt is analogous to suicide to cure cancer.]]> Sat, 19 Dec 2009 11:56:46 -0500 Borrowing to reduce debt is analogous to suicide to cure cancer.]]> http://seekingalpha.com/article/106809-should-gm-be-saved?source=feed#comment-309800 309800
For 25 years (since the Chevy Vega, Ford Pinto, Dodge Omni) these companies have given us shoddy products with a take-it-or-leave-it attitude.
There was a time when we had no choice. Now we do, and the paybacks are painful.

GM and F carry $billions on their books as 'goodwill' or invisible assets.
GM and F have negative goodwill, their names are a liability and the situation is more dire than the lousy GAAP numbers suggest.

"Its not my fault" is an excuse given by adolescents when they want something after being proven they're not responsible enough to handle it.

GM is not Rick Wagoner, and its not the UAW. The company should be saved. Get rid of the deadwood. All of it. And start over. ]]> Wed, 19 Nov 2008 10:00:53 -0500
For 25 years (since the Chevy Vega, Ford Pinto, Dodge Omni) these companies have given us shoddy products with a take-it-or-leave-it attitude.
There was a time when we had no choice. Now we do, and the paybacks are painful.

GM and F carry $billions on their books as 'goodwill' or invisible assets.
GM and F have negative goodwill, their names are a liability and the situation is more dire than the lousy GAAP numbers suggest.

"Its not my fault" is an excuse given by adolescents when they want something after being proven they're not responsible enough to handle it.

GM is not Rick Wagoner, and its not the UAW. The company should be saved. Get rid of the deadwood. All of it. And start over. ]]> http://seekingalpha.com/article/98470-musical-chairs-cramer-s-mad-money-10-3-08?source=feed#comment-273435 273435
Too bad Alan Fishman of WaMu didn't have this kind of foresight. The shareholders got raped by the FDIC and Al "The Shark" gets to retire early. Nice work.]]> Sat, 04 Oct 2008 11:52:13 -0400
Too bad Alan Fishman of WaMu didn't have this kind of foresight. The shareholders got raped by the FDIC and Al "The Shark" gets to retire early. Nice work.]]> http://seekingalpha.com/article/97717-did-the-fdic-sabotage-wamu-s-management-and-erode-investor-confidence?source=feed#comment-267992 267992 ]]> Sun, 28 Sep 2008 21:33:26 -0400 ]]>