mallarde

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

There is a danger that by bailing out more companies they will not manage risk appropriately in the future -- and as they failed to do most recently.

Why don't the pundits mention that we have a whole court system -- bought and paid for by the taxpayers -- to take care of these things. And we have a huge body of law on these very situations.

Let them declare Chapter 11 and reorganize. Wipe out the equity-holders. They were the ones getting rich off of SUVs and easy money for car buyers. They took the risk, and I will not guarantee their investment.

A Bankruptcy court could also force the unions to make concessions. This is better than any government bailout or at least would keep management disciplined and avoid taxpayers enriching the investors that made a bad investment.

Back Room Deal? - Cramer's Mad Money (10/10/08)

Give the guy a break. He "changed his mind in a day" after the biggest point swing in the history of the market. Of course, he is going to give different advice after such a big drop.

Personally, I like his analysis compared to the panels of talking heads that are afraid to take a position on anything and are all trying to sell their picks that they their clients already bought.