Quote:
Originally Posted by SteveR
It's not the details of the deal I was referring to, it's that GM keeps reporting debt write offs as profit when in reality sales are not generating these profits. The point is that eventually you run out of debt write offs and bank loans and the record losses will once again return.
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Easy solution - ask for another bailout.
Someone asked me if I was against all bailout - yes, if I remember correctly, I was. I surely am now. They already established a bad precedent, when that stupid volcano erupted the airlines were asking the .gov to be compensated for their "downtime" and their lost revenue.. WTF kinda business is that?