Mismanaging the collapse of Detroit's giants
In its rush to save Detroit, the American government is trashing creditors’ rights Full Story »
Posted by Derek Hawkins
Tags
Topics:
U.S. Economy, Obama Administration, Finance, Cars
Editorial
Posted by:
Posted by Derek Hawkins - May 7, 2009 - 11:51 PM PDT
Reviewed by:
Derek Hawkins (review), William Hughes-Games (review)
Content Type:
Article
Edit Lock:
This story can be edited
Edited by:
Derek Hawkins - May 7, 2009 - 11:52 PM PDT
As far as it goes, it is a valuable heads-up for anyone thinking to invest in any company and gulable enough to believe that the stated pre investment hirarchy of investment safety is sacrosinct.
The problems that the auto giants face is symptomatic of the deeper problem of our world economy. It is to an extent a pyramid scheme and only works if it is continually expanding. Detroit can not develop a simple, long lasting efficient electric car, for instance, since they would far outlast petrol cars and eliminate the sales of filters, engine parts, brake pads (mainly regenerative braking) and so forth. It would also eliminate the purchases from her sister oil companies. ... More »
See Full Review »
(7 answers)
Retrieving Comments
NT Rating
| My Rating
Ratings
Topics
(See these related stories.)
Links
Links
No links yet. Please review this story to add some!
