Tweet GM, like most other American car manufacturers, is dead in the water. I don’t understand why anyone even consider giving any more money to this financial blackhole. Though I frown upon government bailout of the financial systems due to bad loan, I do not understand why anyone would even consider helping this ailing industry. [...]
Obama, let GM die
Tweet I’m no Bernanke, but I do understand what balance sheet means. And GM’s balance sheet as of June, 2008…. well… SUCKS: This company’s balance sheet NEGATIVE $58 BILLION dollars. To me that company’s worthless… This company that needs to die. Just like homeowners who are under water (i.e. owe more than what the house [...]