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LOLOLLOLOLOLTestimony of Alan R. MulallyI've heard it explained to me that because Ford wouldn't be able to get parts from suppliers...that they wouldn't be able to build their cars. That's an amazing concept to me that parts suppliers who would supposedly be losing the business of both GM and Chrysler would somehow not start building a whole lot MORE Ford parts to supply the company that was still producing cars. How does that work exactly?
President and Chief Executive Officer, Ford Motor Company
House Committee on Financial Services
December 5, 2008
In particular, the collapse of one or both of our domestic competitors would threaten Ford because we have 80 percent overlap in supplier networks and nearly 25 percent of Ford's top dealers also own GM and Chrysler franchises.
The impact of a bankruptcy also reaches beyond Ford and the U.S. auto industry. It would cause further stress to our domestic banking industry and private retirement systems. Goldman Sachs estimates the impact at up to $1 trillion.
So would those Ford dealers who also own GM and Chrysler franchises not make up the loss of GM and Chrysler sales with Ford sales? Duh? That's one of the most idiotic explanations I've ever heard!
A con tool in an Internet forum calling Ford's CEO's explanation, of how his competitors bankruptcies would adversely effect Ford, idiotic.
LOLOLOL
You should explain to Ford why you should be their CEO.
On the contrary...it's not idiotic from his standpoint at all! He's simply guaranteed that no matter what...the Federal Government will always be there to bail out Ford. It's like taking out free "failure insurance"!
It wasn't just "any company," ya moron ... it was the American automotive industry.What's idiotic is people like you believing that any company is too big to fail!
You're only waiting because you're too stupid to know I already posted it.I'm still waiting to hear from you how Ford would have been taken down by a GM or Chrysler bankruptcy!
No, it's not the same as that. That wasn't most of the U.S. airlines going bankrupt.It's like saying Pan Am's bankruptcy or Eastern Airlines bankruptcy would have taken United and South West Airlines down as well. It's not how things work in business.
I already did.Neither do you, Faun...or you'd explain it to me!
That's cute. You actually think the predicament the U.S. auto industry faced in 2008 was "simple."Those airline bankruptcies simply illustrate what happens when huge businesses go into bankruptcy. Their viable parts are snatched up by competitors and their market share is absorbed by other companies. Pan Am going bankrupt didn't kill United.
That's cute. You actually think the predicament the U.S. auto industry faced in 2008 was "simple."Those airline bankruptcies simply illustrate what happens when huge businesses go into bankruptcy. Their viable parts are snatched up by competitors and their market share is absorbed by other companies. Pan Am going bankrupt didn't kill United.
That's what I love about con tools. Because you only care about your agenda and not reality, you'll say anything, no matter how stupid, to defend your moronic positions.
I already did.Neither do you, Faun...or you'd explain it to me!
What's idiotic is people like you believing that any company is too big to fail!
That's cute. You actually think the predicament the U.S. auto industry faced in 2008 was "simple."Those airline bankruptcies simply illustrate what happens when huge businesses go into bankruptcy. Their viable parts are snatched up by competitors and their market share is absorbed by other companies. Pan Am going bankrupt didn't kill United.
That's what I love about con tools. Because you only care about your agenda and not reality, you'll say anything, no matter how stupid, to defend your moronic positions.
THAT IS ABSOLUTELY, COMPLETELY CONSISTENT WITH OLDSTYLE AND OTHER CON TROLLS. Take a look at their characteristics:
1. They make everything as simple as possible so that they can understand it.
2. They do not react to anything that takes them away from their simplistic belief.
3. They are absolutely uninterested and incapable of any changes in their belief.
4. They simply repeat what they want to believe over and over and over. They are not interested in truth.
5. They can and do lie as easily as they can tell the truth, as long as it fits their agenda.
6. They have absolutely NO integrity, no interest in integrity, or class.
7. They do as told and stick to the talking points strictly, because they are weak minded and want to be told what to believe.
8. Their belief system is based on believing what they want to believe, and what their group believe.
9. They want to be angry, so they are.
Which makes them completely worthless. Luckily there are not enough of them to win the day.
What's idiotic is people like you believing that any company is too big to fail!
Hardly, of course, Everyone with a rational mind noticed that they DID fail. All of their management is GONE. But then, you know that, and you do not care.
You see, dipshit, GM hollds no one's mortgage.
That's cute. You actually think the predicament the U.S. auto industry faced in 2008 was "simple."Those airline bankruptcies simply illustrate what happens when huge businesses go into bankruptcy. Their viable parts are snatched up by competitors and their market share is absorbed by other companies. Pan Am going bankrupt didn't kill United.
That's what I love about con tools. Because you only care about your agenda and not reality, you'll say anything, no matter how stupid, to defend your moronic positions.
It is indeed the way things work in business. If possible, there would have been a normal bankruptcy. But, as even a troll like you probably understands, there was no Trustee that was willing to take on the task.It's like saying Pan Am's bankruptcy or Eastern Airlines bankruptcy would have taken United and South West Airlines down as well. It's not how things work in business.
That's cute. You actually think the predicament the U.S. auto industry faced in 2008 was "simple."Those airline bankruptcies simply illustrate what happens when huge businesses go into bankruptcy. Their viable parts are snatched up by competitors and their market share is absorbed by other companies. Pan Am going bankrupt didn't kill United.
That's what I love about con tools. Because you only care about your agenda and not reality, you'll say anything, no matter how stupid, to defend your moronic positions.
Where did I ever contend that bankruptcy is "simple"? There are very smart lawyers and accountants out there who do nothing else but handle complex bankruptcies. The person here who's dumbed this down in his usual fashion in Rshermr...who doesn't seem to grasp that you can go bankrupt and not close up business forever!