U.S. Economic Collapse

[Peikko 1,575]

Collapse and chapter 11 bankruptcy are not the same thing, are they?

[w¡n9Nµ7 §£@¥€r 123]

Does true 'collapse' even exist anymore for an organization the size of GM?

[Peikko 1,575]

Mind you, still think this is a damned if we do, damned if we don't situation. Not sure who/what could have been done differently/better as regards the car industry - apart from them making different decisions in the 70's when it was known that the car industry would have to change its emphasis, no matter what the US consumer thought it wanted

[mawilson 2,133]

At the most basic level, what I'm arguing is that a bank is really nothing more than its balance sheet. Unlike an operating company like the automakers which have inventory, supply chains, parts & labor ... a bank really is its balance sheet above all else. And a balance sheet can be "bought out".

Yes, it can. It will take trillions of dollars, but it's possible. Of course, these nationalized

"zombie" banks will no longer be private, profit-driven institutions, and no investor will

ever touch them with a barge pole.

[mawilson 2,133]

Collapse and chapter 11 bankruptcy are not the same thing, are they?

They were specifically talking about bankruptcy, not collapse:

Tuesday, December 2, 2008

The House speaker, Nancy Pelosi, said on Tuesday that she had spoken with President Bush

by phone on Monday about the need to help the auto industry and that she believed some sort

of rescue would be provided, either legislatively or by the Bush administration.

“I think it’s pretty clear that bankruptcy is not an option,” Ms. Pelosi said.

link

Friday, December 12, 2008

Ron Gettelfinger, president of the United Auto Workers, reiterated during a press conference

Friday that "bankruptcy is not an option" and warned of widespread consequences of such a scenario.

"It won't just be one company that's impacted. It'll be two, three, others," he said. "The supply bases --

they'll all be impacted. Every auto manufacturer in this country, some much worse than others."

link

[AlHayatZween 2]

why can't we just start producing things again?

surely, there are some young intelligent creative minds out there. why can't we produce instead of consume consume consume and then fail.

[w¡n9Nµ7 §£@¥€r 123]

why can't we just start producing things again?

surely, there are some young intelligent creative minds out there. why can't we produce instead of consume consume consume and then fail.

We do produce a lot. We're a knowledge economy and you can't always see the things we produce. But just because what we produce isn't physical and can't be touched doesn't make it any less valuable or useful (or profitable).

[scandal 951]

why can't we just start producing things again?

surely, there are some young intelligent creative minds out there. why can't we produce instead of consume consume consume and then fail.

We do produce a lot. We're a knowledge economy and you can't always see the things we produce. But just because what we produce isn't physical and can't be touched doesn't make it any less valuable or useful (or profitable).

I don't know about you guys, but I'm producing TONS today. Tons of VJ posts, that is. I see AJ you are just as productive to our economy as I am.

[Kar98 0]

I can't get exited about sh¡t like this anymore, so here's a 17 year old Romanian tennis player with a 34DDD rack:

[w¡n9Nµ7 §£@¥€r 123]

why can't we just start producing things again?

surely, there are some young intelligent creative minds out there. why can't we produce instead of consume consume consume and then fail.

We do produce a lot. We're a knowledge economy and you can't always see the things we produce. But just because what we produce isn't physical and can't be touched doesn't make it any less valuable or useful (or profitable).

I don't know about you guys, but I'm producing TONS today. Tons of VJ posts, that is. I see AJ you are just as productive to our economy as I am.

You know it.

[AlHayatZween 2]

We do produce a lot. We're a knowledge economy and you can't always see the things we produce. But just because what we produce isn't physical and can't be touched doesn't make it any less valuable or useful (or profitable).

True, but manufacturing creates jobs not only for people who can produce with their minds, but with their hands.

[w¡n9Nµ7 §£@¥€r 123]

We do produce a lot. We're a knowledge economy and you can't always see the things we produce. But just because what we produce isn't physical and can't be touched doesn't make it any less valuable or useful (or profitable).

True, but manufacturing creates jobs not only for people who can produce with their minds, but with their hands.

Hands people should all move to China

[spookyturtle 9,465]

why can't we just start producing things again?

surely, there are some young intelligent creative minds out there. why can't we produce instead of consume consume consume and then fail.

If only there were a market for hot air and bs.......

[Kar98 0]

why can't we just start producing things again?

surely, there are some young intelligent creative minds out there. why can't we produce instead of consume consume consume and then fail.

If only there were a market for hot air and bs.......

Call it "hope & change" and you too could become TOTUS!

[spookyturtle 9,465]

why can't we just start producing things again?

surely, there are some young intelligent creative minds out there. why can't we produce instead of consume consume consume and then fail.

If only there were a market for hot air and bs.......

Call it "hope & change" and you too could become TOTUS!

The hot air and bs has been around a bit longer than "hope and change".