Originally Posted by cssnms
THEY COULDN'T GET A LOAN BECAUSE THEY WERE LOSING MONEY! DUH. WHAT DON'T YOU GET ABOUT THAT? NO BANK IS/WAS GOING TO LOAN A COMPANY MONEY ESP ONE OF THIS SIZE, THAT HAS NO SOLUTION FOR WHAT WAS CAUSING IT TO SINK IN THE FIRST PLACE.
YOU CONTINUE TO HARP ON THE EFFECT RATHER THAN THE CAUSE. LOANING THEM MONEY DID NOTHING TO SOLVE THE UNDERLYING PROBLEM, JUST LIKE IT DIDN'T 30 YRS AGO. UNION SALARIES AND PENSIONS (PRESENT AND FUTURE) ARE WHAT CRIPPLED THE COMPANY AND YOUR LIBTARD FRIENDS IN THE WHITEHOUSE JUST WANTED TO BUY SOME VOTES AT THE EXPENSE OF THE AMERICAN TAX PAYER.
You have zero idea about anything. They couldn't get a loan because they were not making money? When has that stopped anyone from getting a loan? They had, 'no solution?' What do you think they were presenting to Congress?
They had a restructuring plan, but needed a loan to get them there. Not one bank offered up a loan, NOT ONE. They had to then BEG the government. Go to youtube, watch them in front of Congress.
Its about CREDIT, not about PROFITS. GM and Chrysler had zero credit left. Completely, 100% maxed out credit line.
Union salaries are what did this now?
You seriously have zero clue about any of this. I mean, you're a joke.