Who Cares About the BIG 3?

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Mortgage and Lending with Canopy Mortgage, LLC NMLS 124492
On my drive to work this morning, I noticed the flashing digital sign in front of our local Pontiac/Buick dealership. All the advertisement declared massive reductions on prices. MSRP $29k...NOW $21k. MSRP $18.5k...NOW $15k. MSRP $23k...NOW $17.9k. You get the hint.

While taking in the blitz of markdowns, the talk on CNBC radio was the 2nd day of congressional hearings about General Motors, Ford & Chrysler (aka the BIG 3). I began to ponder the following question: What is all the clamor on capitol hill about the viability of the BIG 3?

In a normal business model, if you can't get the execution right you will ultimately fail. Why would it be any different for the BIG 3? If they have a viable business model, go through legal options of bankruptcy and restructure. Learn from the mistakes and rebuild a better company.


If history is any indicator, the BIG 3 has had a reluctance for change which has led to its dwindling prowess in the auto industry as a whole. At the end of the day, what kind of message would you be sending to consumers if all they saw was that you are no longer worth it?
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Rainmaker
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Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Lots of jobs...and unions vote Democrat so they will get bailed out in this brave new world

Nov 19, 2008 02:35 AM #1
Rainer
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James K Barath, CMPS
Canopy Mortgage, LLC - Crown Point, IN
FICO Pro, Certified Military Housing Specialist

Team DiMuria,


Let's hope history doesn't repeat itself. I know that foreign auto makers and even Southern states, such as Texas, object to a bail out due to the fact that it would arbitrarily salvage bad businesses & hurt the good businesses. Let capitalism prevail.

Nov 19, 2008 02:43 AM #2
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Rainer
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James K Barath, CMPS

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