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| more grim GM news http://www.bbnovaracing.com/forum/viewtopic.php?f=1&t=16781 |
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| Author: | kireol [ Mar Thu 05, 2009 1:29 pm ] |
| Post subject: | more grim GM news |
http://news.yahoo.com/s/ap/20090305/ap_ ... ual_report opel might want to leave gm too |
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| Author: | RICK MILLER [ Mar Thu 05, 2009 2:07 pm ] |
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| Author: | bbnova [ Mar Thu 05, 2009 3:45 pm ] |
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Man oh man.... |
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| Author: | Keith Seymore [ Mar Thu 05, 2009 4:42 pm ] |
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I *think* it's the same grim news.... What I mean by that is everybody knew the financial outlook as a result of 4th quarter 2008. About the time the media forgets about it then the financial report comes out (for the same time period) and then its OMG LOOK AT THE NUMBERS!! GM'S GOING UNDER!! So then about the time the media forgets about that then the auditor's report comes out (for the same time period) and it's OMG LOOK AT THE NUMBERS!! GM'S GOING UNDER!! (again). I see the same thing happening relative to the loan money. We were approved for the loan back in 2008, to be used in the 2010 calendar year. When we went to the Government and asked for the money early it was OMG GM IS LOOKING FOR A BAILOUT!! (...uhm, excuse me - we were already approved for that). Once we were approved we were to be given the money in installments. When we went back for the second disbursement (of the previously approved loan money) it was OMG GM IS LOOKING FOR MORE MONEY!! (...uhm, excuse me again, but - already approved). I'm not as eloquent as Chris but it seems to me a lot of this is just the delay in reporting the situation from several months ago. The fact that it keeps coming out in stages makes it seem like it is "fresh" data every time. I am not one to place the entire blame on the media but it I believe they are helping to create a "self fulfilling prophecy". JMHO - 
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| Author: | kireol [ Mar Thu 05, 2009 4:52 pm ] |
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very good points Keith. something I didn't think about until you posted |
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| Author: | underdog [ Mar Thu 05, 2009 6:09 pm ] |
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Keith, I'm over here laughing right now, not at the situation, but everything you just typed is EXACTLY what I was telling everyone at pool league last night. You see the news was on last night and everyone was watching it saying OMG....... |
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| Author: | Keith Seymore [ Mar Fri 06, 2009 9:58 am ] |
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Thanks - 
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| Author: | Safari-wagon [ Mar Mon 09, 2009 1:28 am ] |
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WTF? I go underground (literally) for a few days & the FkN Corp Execs get stupid? ...er? |
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