New G.M. Chief Doesn’t Rule Out Bankruptcy [General] - MarketTicker Forums


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User Info	New G.M. Chief Doesn’t Rule Out Bankruptcy in forum [General]
Vitchilo Posts: 4602 Incept: 2011-04-27	http://finance.yahoo.com/news/g-m-chief-.... Quote: A week into his new job as chief executive of General Motors, Fritz Henderson said on Sunday he was confident in the future of the company but a structured bankruptcy remains a possibility. Mr. Henderson has just 55 days remaining to meet President Obama’s timetable to come up with a new plan to save the struggling car giant. Speaking on NBC’s “Meet the Press,” he said that the company was working to avoid bankruptcy, but that if it failed to meet its goals for cutting costs and shrinking the company, it “may very well be the best alternative.” GM needs another bailout, stat! ---------- "Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken 2012-06-15 07:29:59 Permalink
Zee Posts: 658 Incept: 2007-08-28 Sunshine State	In other words, GM and the unions will be embarking on another looting raid on the US treasury. 2012-06-15 07:40:19 Permalink
Eighty6thebs Posts: 4183 Incept: 2007-06-26 It's contained to sub-prime!	He better do it while O is still in office. ---------- "Sounds to me like you guys a couple of bookies" - Billy Ray Valentine "No I am not scared, and neither should you be!" - Iraqi Information Minister 2012-06-15 08:08:01 Permalink
Wakeupcall Posts: 4232 Incept: 2009-06-08 Hampton Roads, VA	So, will those bondholders that got screwed when .gov bailed GM out a couple years ago, be made whole if GM files banko? Or has that ship sailed for them? ---------- “Nothing travels faster than the speed of light, with the possible exception of bad news, which obeys its own special laws.” 2012-06-15 08:20:32 Permalink
Curbyourrisk Posts: 3590 Incept: 2008-08-19 Farmingdale, NY	link not working for me.... Did Yahoo remove it after a phone call from Obamanut? ---------- Time is up. I hate to burst your bubble, but there is no Santa Claus, the tooth fairy does not exist and American justice does not involve the courts. 2012-06-15 08:45:51 Permalink
Stonedog Posts: 2080 Incept: 2008-05-29 New Jersey	Doesn't work for me either... gonna search this one... ---------- "I would characterize my professional disdain as more of a professional contempt for their [Central Banker, Banker and politician] economic and financial policies, priorities, presumptions and prescriptions." - Lauren Lyster on Capital Account for Friday June 16, 2012 "All the stimulus, the bailouts, the quantit 2012-06-15 08:57:13 Permalink
Stonedog Posts: 2080 Incept: 2008-05-29 New Jersey	Hmm... looked at similar articles and didn't see anything about this... ---------- "I would characterize my professional disdain as more of a professional contempt for their [Central Banker, Banker and politician] economic and financial policies, priorities, presumptions and prescriptions." - Lauren Lyster on Capital Account for Friday June 16, 2012 "All the stimulus, the bailouts, the quantit 2012-06-15 09:01:52 Permalink
Aliveh Posts: 4043 Incept: 2008-01-18 Los Angeles	bilge Fritz Henderson left GM in 2009, pretty sure that article is before GM filed the first time. 2012-06-15 09:02:02 Permalink
Lplate Posts: 4737 Incept: 2008-08-06 Australia	Quote: http://finance.yahoo.com/blogs/the-excha.... Yahoo! Finance ran an erroneous headline and article on General Motors (GM) on Friday, June 15, relating to a potential bankruptcy filing by the auto maker. The headline "New G.M. Chief Doesn't Rule Out Bankruptcy" was in fact a story from The New York Times that was published in 2009. The article has since been removed from the site. We regret the error and the confusion caused by the erroneous post. 2012-06-15 12:45:37 Permalink
1lumpor2 Posts: 2649 Incept: 2011-05-01 Banned	---------- -- Done 2012-06-15 12:49:38 From PDA Permalink
Standby Posts: 1002 Incept: 2009-08-06	They were bragging GM up a month or two ago. 2012-06-15 19:22:47 Permalink
Antone Posts: 7663 Incept: 2008-02-03 Seditionia, USSA	Yeah, this CNBC partnership has been working wonders. Yahoo. The first search engine I used, and the first search engine I refused to ever use again. I seriously did one search (yeah...for porn ) and then did a search for other search engines and came across Altavista and used that primarily until Google came along (not just porn!). Yahoo sucked in 1995 and the still sucks in 2012. ---------- As if anything has changed: Wir sind gefickt. Last modified: 2012-06-16 02:39:55 by antone 2012-06-16 02:32:58 Permalink
Swingtrader Posts: 9108 Incept: 2007-08-12 United Oligarchic Goldman Sachs States of America	best search engine used to be Savvysearch. some prof out of some .edu address combined all the search engines, and ordered hits in priority. Google was a comedown, and still is. I think savvysearch is defunct now, or close. ---------- Swing said "Well, it is collapsing as we watch.This is what it looks like." Australian federal judge Jayne Jagot, doing what US judges need to do! 2012-06-17 10:59:39 Permalink
Matt_bear Posts: 6346 Incept: 2008-07-15 a week early on spy puts	an accidental running of an article from 2009? Are you ***ing kidding me? ---------- In terms of real-world fundamentals, I expect that most of the people around me, whom I work with day to day, and whom I pass on the street ... will be dead within five years. Last modified: 2012-06-19 13:14:38 by matt_bear 2012-06-19 13:14:05 Permalink*