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Join Date: Mar 2003
Location: Wichita, KS
Posts: 33,110
Quote:
Originally Posted by turbo6bar View Post
Not sure a government takeover via massive capital injection is capitalism. Capitalism is allowing GM to go into bankruptcy and emerge to start again. The lure of profits must be tempered by the risk of failure. Otherwise, we will make these mistakes, again.
Bingo. Nothing short of BK and restructuring will deliver the drastic changes required to save the company. New leadership aint gonna' cut it.
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Old 03-31-2009, 09:18 AM
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