Quote:
Originally Posted by rlg3
If you take govenrment money you have to take increased government oversight.
They should have ran the business better. Now the government should give the Big 3 the money they need, and the Big 3 should except the oversight and guidance they get.
It is not as if the have shown themselves to be good stewards of their stockholders money. If they were they wouldn't be asking the government for help.
The big 3 have to under go major change. They can not operate as is, it is not working
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OPEC oil pricing and a mortgage crisis are completely the fault of GM's management. If GM had only acquired all of America's mortgage companies and lobbied the US government to go to war with OPEC countries with imperialistic ambitions, then GM wouldn't be in trouble right now. GM had to see this coming. I don't know how GM didn't see mortgage failure and oil price manipulation coming.
