Comments on: GM: GMAC and Delphi May Go Bust. Ya Think?

By: Domestic Hearse

Domestic Hearse — Tue, 11 Nov 2008 14:43:58 +0000

Lost another one to Ditech, er, well, just lost Ditech.

By: AG

AG — Tue, 11 Nov 2008 13:45:52 +0000

Does Rick Wagoner really think he can spam the airwaves with bad news and not get calls for his resignation? Its like the Wall Street bailout all over again. Hide the true nature of the beast and then demand immediate economic assistance, threatening dire consequences.

By: SexCpotatoes

SexCpotatoes — Tue, 11 Nov 2008 05:49:21 +0000

So the plan is to keep piling on the bad news. March it up the flag pole and make everyone believe that said shortsighted corporations are ‘too enormous to go belly up.’

Many Kudos to you, John Horner, Robert Farago, and the team at TTAC for your prescient and precise editorials and news entries on these matters.

By: ihatetrees

ihatetrees — Tue, 11 Nov 2008 05:36:24 +0000

Meanwhile, GM dropped a second bombshell in the same SEC filing by saying “that Delphi Corp., its former parts-making operation that was spun off in 1999, is unlikely to emerge from bankruptcy protection in the short term and may not be able to emerge at all.”

There’s a Double-Secret-Probation-Plan at Ren Cen to get Delphi out of bankruptcy in 2010 – just before the Chevy Volt hits the showrooms…