I'm not against the loan so to speak. It's got to be done the right way. There needs to be specific language on how the money can be used. Let's face it....if one of them goes under then we won't be paid in full. The loan should come with forced changes in the way they do business as well. The execs and union should make some concessions along with the workers. The worst thing is a loan with lousy conditions attached. I agree that they needs to blow out some of the excess inventory and recover some of there own liquidity. Stop producing vehicles that are saturated. I just don't understand how all three can be going broke. We just went through a huge car buying revolution. How about socking away some reserves. Sounds a lot like the Real Estate/Banking situation doesn't it. Feast on the good times and not prepare for the bad.
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