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  #1  
Old 06-25-2017,
AlinkaHit AlinkaHit is offline
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Default Chrysler closing all 30 plants down for a month

"Let them fail; let everybody fail. I made my fortune when I had nothing to start with, by myself and my own ideas. Let other people do the same thing. If I lose everything in the collapse of our financial structure, I will start in at the beginning and build it up again."
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  #2  
Old 06-26-2017,
apacfurob apacfurob is offline
 
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If GM, Chrysler, or Ford fails, there would be a massive reduction in the supply of new cars available to the US and the rest of the world. Someone, somewhere, will step up to fill that demand. The 'Big 3' have substantial assets that would be liquidated should they fail - factories, machinery, etc. Someone like Toyota, Hyundai, Honda, Daimler, VW/Audi, or maybe even a company not currently in the auto industry would step in, buy those factories and other assets, and start making cars again, because the DEMAND would be there to support it in the long term, especially if those factories were run efficiently thereby reducing the production costs.
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Old 06-26-2017,
AOi AOi is offline
 
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Let the effing banks fail. They were complicit in creating this mess. The autos are collateral damage and now all these financial d-bags crawl out of the woodwork with their free market, capitalist maxims after they've been saved at the peril of the tax payer who's on the hook for their debt and the dollar loses value everyday and retirees and the rest of the country have their purchasing power depleted.
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  #4  
Old 06-26-2017,
AphukeatGor AphukeatGor is offline
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I think this will accelerate opening the flood gate for the Chinese to export their automobiles to the US market. Much like the Koreans did 10-some years ago. Hyundai. First get lots of market shares pushing the low ends. Cheap. Then gradually bring in the high ends. Maybe it's a good time to buy the Chinese automobile stocks.

What would become of the US big 3. I dunno...
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  #5  
Old 06-27-2017,
AnyaHaddad AnyaHaddad is offline
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I am guessing you mean some seriously rich guy in absolutely no danger talking really brave. That is the American way these days. Seems to me you can make a much better case for letting the banks fail than the manufacturers. But the banks own the politicians and the manufacturers can't out bid them.
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  #6  
Old 06-28-2017,
admin admin is offline
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Felt like revisiting this thread after finishing Michael Lewis's The Big Short: Inside the Doomsday Machine which should be required reading for anyone wanting an inside look at what happened to the American financial system from 2003-08 and sadly has not been resolved nearly four years after the crash.
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