another quarter, another 2.5 billion in the whole
GM reports $2.5B 3Q loss, says running out of cash - Yahoo! Finance
GM reports $2.5B 3Q loss, says running out of cash - Yahoo! Finance
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exactly. it's like letting big banks fail. it doesn't effect just the bank. it's like throwing a pebble in a lake. the ripples are larger than the splash.Do you realize the implications of GM failing?? Putting 145,000 people out of work in a heartbeat. You think the economy sucks and the stock market is down 40% , we would definitely relive the great depression. One benefit is the labor union will go the way of the dodo bird.
1 quarter for credit crunch, not whole mortgage fiasco, esp. w/ a.r.m.s resetting mid 08 and later. but the 1 quarter is optimistic. plus w/ bama, this whole financial problem will probably be longer.
^^Bandwagon?
I've heard of assembly workers for gm making $37/hour + all the benefits.
^^Bandwagon?
So check this out...
Then fires everyone in the fucking plant who won't disband from the union and take a huge pay cut.
. They can hire a new work force and move them out under a non-union contract. Join a union and you can pack your shit and leave.