Quote:
Originally Posted by billium
Len:
My opinion is based on personal experience with Detroit's offerings, their delerships and those dealership's employees. I thought some of those experiences might have been because of my youth, so decided to give Detroit another shake in 2003. That experience was no better than those in my younger days. If my opinions now, based on those experinces, make me a bigot as you define the word, I'm guilty as charged.
When I was a Ford stockholder, I did vote management out. Obviously, I was in the minority.
You have much more skin in this outcome than I do, Len. I'll chalk up you getting personal to your situation. If it's worth anything, it's not that I'm not empathetic to you, your family and thousands of others in the same boat, but I have little simpathy. I see more harm than good coming from government help in this case.
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Then you & I voted the same way. I also regularly voted against their choice of CPA firms for the required audits. I figured someone has to vote against management's recommendations. Looks like we were in very small company on that one.
How do you not get personal when you live in a 120 home subdivision and 6 homes got foreclosed on - that's 5%. Only heaven knows what a Detroit 3 chapter 11 filing will do.
You think the economy is bad now. These loan requests get turned down and GM files Chapter 11, talk to me six weeks after that. Just six weeks.
And things are getting worse now. Motor and Equipment Manufacturers Association, the association of parts makers, is now requesting aid. Most of the members of that trade group also supply Toyota, Nissan, Honda, BMW, Hyundai, and Mercedes.
And Fitch Ratings is warning Toyota that they may strip them of their AAA credit rating, in part due to Toyota's losses here in the USA. I guess "welcome to the party" is in order.