Bailout Hearings

**volinbham** · 12-04-2008, 01:08 PM

I've been watching for the last 1/2 hour.

Chris Dodd has been suggesting what types of vehicles the Big 3 should make and which markets they should pursue

Shelby is giving them hell.

The Chrysler chief seems the most competent - the GM one the least.

**volinbham** · 12-04-2008, 01:11 PM

Shelby asked each of them how they got there - did they drive? did they have a driver or did they actually drive the car themselves

droski · 12-04-2008, 01:13 PM

my favorite was the ford ceo saying they would be profitable in 2011. way to be optomistic! this wont be money down the tubes. no not at all

orangeblooded2 · 12-04-2008, 01:21 PM

The money is allocated for retooling to produce hybrid vehicles.

That being said after watching wall street get and spend allocated money on buying up smaller banks.

Maybe the big three will buy up 50% of the car dealerships.

**volinbham** · 12-04-2008, 01:22 PM

They all plan to close a bunch of dealerships.

truefan · 12-04-2008, 01:55 PM

Quote:

Originally Posted by volinbham

Shelby asked each of them how they got there - did they drive? did they have a driver or did they actually drive the car themselves

What were their answers?

orangeblooded2 · 12-04-2008, 01:56 PM

Congress says one thing and does another or worse
does nothing.They will flat out lie about it.Possibly
conspire,either to withhold critical information or position
themselves to align with special interest.All to appear to be serving the public interest.It's politics i get it.

Their approval rating....Historically low.

Big business......I wonder what their approval rating
currently is.

I didn't think wall street deserved it.However I think if the Big three used the money responsibly it could make a difference in middle America,Environmentally,and have a profound impact on global trade eventually. While making a big buck,they to could appear to be serving the public interest.
.

BigPapaVol · 12-04-2008, 03:35 PM

this congressional BS grandstanding to corporate CEOs and deriding them for taking the corporate jet is just pathetic.

I'm a CEO of something that large someday and a freaking congressman jibes me about my lifestyle, I might very well depart the room. Of course, I hope I'm not in a similar begging mode when I do it.

rjd970 · 12-04-2008, 03:50 PM

Quote:

Originally Posted by BigPapaVol

I'm a CEO of something that large someday and a freaking congressman jibes me about my lifestyle, I might very well depart the room. Of course, I hope I'm not in a similar begging mode when I do it.

We all have to kiss a$$ or put up with BS at some point in our lives, these guys are doing pretty good if they have to do it with congressmen.

Nevertheless, I'm sure they are thinking the same thing you are saying.

droski · 12-05-2008, 10:47 AM

this is truly disgusting the democrats are now calling this a "bridge loan," while during the tarp hearings all we heard about was a "bailout." Amazing how millions of contributions from the labor unions can help your marketing.

superdave1984 · 12-08-2008, 05:20 PM

I just read on Yahoo about GM's "letter to the public" where they talk of "betraying our (the consumers') trust. Like we are supposed to feel sorry for them somehow. No. Not gonna feel sorry for them one bit. they knew what they were doing and they should feel the sting. Unfortunately the employees of the car makers will feel it much more.

**hatvol96** · 12-08-2008, 05:26 PM

Quote:

Originally Posted by BigPapaVol

this congressional BS grandstanding to corporate CEOs and deriding them for taking the corporate jet is just pathetic.

I'm a CEO of something that large someday and a freaking congressman jibes me about my lifestyle, I might very well depart the room. Of course, I hope I'm not in a similar begging mode when I do it.

Being stupid enough to show up at a public hearing where you are going to panhandle and poormouth having been transported there by private jet shows exactly disconnected and downright clueless those three are. The allocation of any funds should be predicated on the immediate resignation of The Three Stooges.

**hatvol96** · 12-08-2008, 05:28 PM

Quote:

Originally Posted by BigPapaVol

this congressional BS grandstanding to corporate CEOs and deriding them for taking the corporate jet is just pathetic.

I'm a CEO of something that large someday and a freaking congressman jibes me about my lifestyle, I might very well depart the room. Of course, I hope I'm not in a similar begging mode when I do it.

I wish they had walked out. It would have saved the Treasury the money it is going to lose on loans to companies run by those three mental invalids.

MG1968 · 12-09-2008, 01:49 PM

Buy Korean. If I ever drop off my meds long enough to consider buying another brand new car, it will be:

**dan4vols** · 12-09-2008, 02:07 PM

Quote:

Originally Posted by rjd970

We all have to kiss a$$ or put up with BS at some point in our lives, these guys are doing pretty good if they have to do it with congressmen.

Nevertheless, I'm sure they are thinking the same thing you are saying.

And yet there they sit with their hand out, fully expecting the public to cough it up to save those lifestyles because they know their so intergrated in the economy we have no choice. (Insert the evil Ebeneezer Scrooge knowing grin here)