Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - The ongoing financial turmoil and financial discussion thread

Claeren · 12-12-2008, 11:27 AM

^ The talk that the Treasury will step in and save them with their $700B piggy bank if Congress does not step in with a seperate program.

So short term the market is holding right now but medium-long term something has to give in my not so humble opinion.

I don't see how this can be bottom in peoples minds UNLESS you think (a) all 3 auto-companies will be fine and/or (b) one or more of them collapsing is not a big deal. I can't accept either argument so.... ?

I think they are just trying to delay the collapse until the markets are a bit stronger again so as to spread out the pain a bit and not bring the entire American economy to the brink of collapse in one fell swoop. Since the real estate industry, banks and financials of all sorts and retail are already facing a tough world they figured they'd keep one out of the ring for a year?

Real Estate and Financials are already hemorrhaging jobs by the hundreds of thousands. Retail will start doing the same after Christmas. Keeping auto workers in their jobs for an extra year makes sense? For a measely $15 Billion? lol

Claeren.

12-12-2008, 11:27 AM	#770
Claeren Franchise Player Join Date: Jul 2003 Location: Section 218 Exp:	^ The talk that the Treasury will step in and save them with their $700B piggy bank if Congress does not step in with a seperate program. So short term the market is holding right now but medium-long term something has to give in my not so humble opinion. I don't see how this can be bottom in peoples minds UNLESS you think (a) all 3 auto-companies will be fine and/or (b) one or more of them collapsing is not a big deal. I can't accept either argument so.... ? I think they are just trying to delay the collapse until the markets are a bit stronger again so as to spread out the pain a bit and not bring the entire American economy to the brink of collapse in one fell swoop. Since the real estate industry, banks and financials of all sorts and retail are already facing a tough world they figured they'd keep one out of the ring for a year? Real Estate and Financials are already hemorrhaging jobs by the hundreds of thousands. Retail will start doing the same after Christmas. Keeping auto workers in their jobs for an extra year makes sense? For a measely $15 Billion? lol Claeren. Last edited by Claeren; 12-12-2008 at 11:43 AM.