Comments on: Holy Jalopniks! Ray Wert Calls For GM Bankruptcy

By: Happy_Endings

Happy_Endings — Sat, 11 Oct 2008 02:57:31 +0000

GM spokeperson was saying on CNBC just a few mins ago that Chapter 11 was not an option for them? Counting there chickens I guess eh?

I notice Chapter 7 was conspicuously absent from the quote. Is that on the table?

By: GBG

GBG — Sat, 11 Oct 2008 00:14:48 +0000

I actually thought about buying 100 shares of Ford today. At $2 a share, it is a small gamble, and if GM sh*ts the bed, Ford wont look so bad. But I pretty much lose every bet, so me buying it would pretty much kill Ford…

By: RayWert

RayWert — Fri, 10 Oct 2008 23:28:15 +0000

I’ll give you “interminable,” Niedermeyer! ;-)

By: psarhjinian

psarhjinian — Fri, 10 Oct 2008 17:46:30 +0000

Oh yeah, those “fools” that only “nutters” listened to – like Ron Paul. The Constitution Party faithful. The Libertarian Party faithful. Austrian economist minded folks.

And, amusingly, Ralph Nader.

By: Samuel L. Bronkowitz

Samuel L. Bronkowitz — Fri, 10 Oct 2008 16:58:06 +0000

I became a regular reader of TTAC because of the GM Death Watch. The series has done an excellent job of voicing what I’ve suspected about the decline of GM for years.

Companies, no matter how big and successful, cannot do the wrong thing year after year after year after year and expect that there will be no negative consequences from their actions.

I’ve always loved Chevy and Caddy, and I want them to succeed. I wish GM had entered C11 earlier, because I think it would have allowed them to work from a position that is stronger (less weak?) than the one they’ll find themselves in by the time they get there.

By: jwolfe

jwolfe — Fri, 10 Oct 2008 16:55:48 +0000

look at fords total market capitalization (priceX # of shares) vs GM. Ford is like 6b vs GM’s 2B (est)

Mually did a better job passing the posion turd through the system over 36 months, GM has kept doing these promotions that they cannot afford to do, selling cars cheaper than it costs them to build, it’s over man, it just has to be

By: Geo. Levecque

Geo. Levecque — Fri, 10 Oct 2008 16:45:49 +0000

GM spokeperson was saying on CNBC just a few mins ago that Chapter 11 was not an option for them? Counting there chickens I guess eh?

By: Orian

Orian — Fri, 10 Oct 2008 16:43:21 +0000

jwolfe,

I’m surprised that Ford’s stock price is lower than GM’s considering the shape GM is in. Ford isn’t in the best of spots right now, but they appear to have the best shot of survival.

If had some spare cash laying around I’d invest a little in Ford at the price they are at now, knowing that they too could end up in the same situation.

By: menno

menno — Fri, 10 Oct 2008 16:39:36 +0000

The runaway train has not only left the tracks, it’s gone over the cliff.

Our election in November is to simply hire a new engineer, complete with whistle, striped shirt and shovel for coal.

Every train needs an engineer, right?

Who was it that kept saying “bridge out” again?

Oh yeah, those “fools” that only “nutters” listened to – like Ron Paul. The Constitution Party faithful. The Libertarian Party faithful. Austrian economist minded folks.

By: jwolfe

jwolfe — Fri, 10 Oct 2008 16:39:17 +0000

http://www.gowolfe.com/espn click top gear for a list of affiliates. But it’s also on the stream of that website. Click listen live.

By: 1996MEdition

1996MEdition — Fri, 10 Oct 2008 16:34:46 +0000

Almost a whole week without a GMDW….or is the author now the AP & Reuters?

If you guys get on the radio, what station?

By: jwolfe

jwolfe — Fri, 10 Oct 2008 16:31:56 +0000

They have been in it. Poor GM dealers are goign to get killed. Think about adding up all the balance sheet assetts of GM in total, and then compile/total all the assetts of GM dealers. I don’t know the answer, but I know the dealers assetts are larger, I think MUCH larger.

Runaway train is coming down the track boys and girls. But Ford Stock now, it will rally when GM delclares. Suburban and Ho customers will go expedition just bc they trust the warranty. Banks that floor GM dealers will get KILLED, many small banks have 2mm+ exposure to their local GM store. b/w thanksgiving and xmas will be just horrific for all dealers, but GM stores could get sliced in half.

By: Michael Karesh

Michael Karesh — Fri, 10 Oct 2008 16:28:47 +0000

Must say I’m also at long last jumping on the TTAC DW bandwagon. For a long time I’ve felt it wouldn’t come to this, but with the current worldwide economic mess C11 seems hard to avoid.

By: gamper

gamper — Fri, 10 Oct 2008 16:26:20 +0000

For some time, I have resisted the urge to jump on the deathwatch bandwagon, but given recent events, I a finally of the belief that GM is now in a hole it cannot crawl out of.

By: jwolfe

jwolfe — Fri, 10 Oct 2008 16:11:23 +0000

I need to have whoever the writer is on these GM deathwatch articles on my radio show. I love the commentary, I have been preaching identcal prose for a year. I dumped my chevy store two years ago anxiously awaiting the announcement, but no anouncement…no annoucment…no annoucnement.

I was listening to bush speak this morning expecting his to say something about GM like, “Oh BTW, for those who are wondering, I made a deal with GM, and GM will never fail, GM is a staple of the american brand, so we decided to just keep it alive no matter what they loose…next question.

Please email me at jwolfe@gowolfe.com, I need an interview for my saturday morning syndicated auto show, want to talk about this site and GM/FMC

thanks

john wolfe