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]

Just another Saab story. Same old thing. Save me, save me! How about the innocent stock holders. The investors that put money up in good faith. Who's honoring their right to collect before the union? Who's paying them back? GM? We have laws in this country. Were not Greece, Italy or France.

GM could very easily filed, kept the doors open, reorganized and either moved on or swollowed the bitter pill. That's business. Look what happens when government gets involved where they have no business. AM Trak, the post office to name a few.

Oh, and the new electric nightmare that catches fire when the batteries go dead. There's a product improvement. I hear GM is calling back all those cars. That was a government mandated profit center and green jobs galore.

I still say if you dug into Saabs troubles you would find ugly GM debt that was hidden in the sale through unprofitable contracts with suppliers and dealers. Saab has always had a decent car. Now their just a pawn in a big game of hide the weinee.

IBTB