OT: Saab filed for bankruptcy, Sign of the times. Options

[Mark Henry]

Swedish carmaker's Chinese investors fail to take over former GM company.
Too bad, nice car at one time (Saab 99), but they couldn't compete.

http://www.cbc.ca/news/world/story/2011/12...bankruptcy.html

[rick 918-S]

This is what should have happened to GM and Chrysler. Now we have Government Moters and electric cars that start on fire when the battery goes dead. (IMG:style_emoticons/default/WTF.gif) Nothing wrong with bashing a dying company on the head and putting it out of it's misery. (IMG:style_emoticons/default/smash.gif)

[Elliot Cannon]

This is what should have happened to GM and Chrysler. Now we have Government Moters and electric cars that start on fire when the battery goes dead. (IMG:style_emoticons/default/WTF.gif) Nothing wrong with bashing a dying company on the head and putting it out of it's misery. (IMG:style_emoticons/default/smash.gif)

Unless of course your job depends on Chrysler and GM.

[DBCooper]

This is what should have happened to GM and Chrysler. Now we have Government Moters and electric cars that start on fire when the battery goes dead. (IMG:style_emoticons/default/WTF.gif) Nothing wrong with bashing a dying company on the head and putting it out of it's misery. (IMG:style_emoticons/default/smash.gif)

Unless of course your job depends on Chrysler and GM.

Or any company that supplies Chrysler or GM, or any company that supplies any of their suppliers, or any children in the family of anyone who works for any of those companies.

[rick 918-S]

This is what should have happened to GM and Chrysler. Now we have Government Moters and electric cars that start on fire when the battery goes dead. (IMG:style_emoticons/default/WTF.gif) Nothing wrong with bashing a dying company on the head and putting it out of it's misery. (IMG:style_emoticons/default/smash.gif)

Unless of course your job depends on Chrysler and GM.

Or any company that supplies Chrysler or GM, or any company that supplies any of their suppliers, or any children in the family of anyone who works for any of those companies.

All the companies that supplied GM took a hit anyway. All the investors took a huge hit when the law was on their side. Why is it up to us all to take care of everyone because of bad business decisions?

No one ever bailed me out, my employees, their families or my suppliers. I man'd up and took care of my business and everyone that took a chance on me and my big ideas. I had some really hard times. I dug into my soul and found a way to take care of everyone.

Call me heartless if you want but I suffered the results of my decisions as a businessman and came to terms with the decisions I was responsible for. I fixed my problems myself. You can't borrow yourself out of debt and you can't expect people that are forced to take a hit at your expense to respect you.

This isn't Greece. Sometimes we need to take a hit and get it over with rather than drag the entire economy down into the next generation.

If big business is allowed to get away with opporating with no consequences this kind of stuff will never end until we are all like Greece. IMO Saab is a victim of an association with loser like GM.