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Bailouts are super effective. - Portrait of a Young Man as The Artist — LiveJournal
abmann
abmann
Bailouts are super effective.
Oh, Fuck You AIG. [Bloomberg]
And way to not entirely suck, Big Three. [CNNmoney] Except that your base salary is about 10% of what you actually earn in a year.

Ford said they'd also sell their five corporate jets.

But they will still produce large, inefficient vehicles for the time being. Way to vaguely staunch the bleeding.

Current Mood: annoyed annoyed

7 comments or Leave a comment
Comments
nathan_lounge From: nathan_lounge Date: December 2nd, 2008 08:01 pm (UTC) (Link)
A1) A dollar year is stupid and doesn't meaningfully effect anything.
B2) Do you have any idea how much money they make per minute? There is no reason they should throw thousands and thousands of dollars away using commercial travel. It's grossly wasteful.
C3) This is bridge loan to nowhere.
D4) My stomach hurts.
abmann From: abmann Date: December 2nd, 2008 08:09 pm (UTC) (Link)
I AGREE WITH ALL OF THIS AND I HATE THEM TO BOOT.
nathan_lounge From: nathan_lounge Date: December 2nd, 2008 08:16 pm (UTC) (Link)
I HATE THEM TOO!!! CAN WE HUG NOW?
(Deleted comment)
abmann From: abmann Date: December 2nd, 2008 08:10 pm (UTC) (Link)
They are so nice to kindly take no money for a year IF they get the loan. Otherwise, it is the government's fault when they run their companies into the ground.
zesty_pinto From: zesty_pinto Date: December 2nd, 2008 08:34 pm (UTC) (Link)
The company said it would increase the production of smaller vehicles such as the Ford Focus to more than 1 million a year and reduce the complexity of the car's parts in order to reduce costs.

This line concerns me only because it makes me wonder what sort of cutbacks will be placed on the safety of the vehicle since it was deemed unprofitable. Selling Volvo helps emphasize the case.

On the other hand, this may also encourage more "classic" designs to come out.
zesty_pinto From: zesty_pinto Date: December 2nd, 2008 08:34 pm (UTC) (Link)
Also, were you expecting anything less from AIG after they continued with the resort?
not_a_girl From: not_a_girl Date: December 2nd, 2008 11:48 pm (UTC) (Link)
We'll all die, etc etc.
7 comments or Leave a comment