Comments on: On the Brink of Bankruptcy, U.S. Auto-Parts Companies Seek Bailout

By: Lightenex

Lightenex — Tue, 23 Jun 2009 08:24:15 +0000

I’d be intrigued to know now that time has moved on a bit and various things have happened in the US auto industry, just what peoples thoughts are now.
Similar huge sums of money poured into the banking system in the UK seem to have made little or no difference to the money supply there.

By: Portable Dishwasher.net

Portable Dishwasher.net — Wed, 11 Feb 2009 19:05:41 +0000

This whole bailout mindset makes me sick. All we’ve done the past 8 years is spend and spend, and look where we are. Why do we think spending even more will make things better? Also, do we really want to reward companies for failing? Because that is basically what it is. People are learning that if your company fails, then the government will be there to pick it up. It is the same mentality as welfare was in the 90’s. And we all know that went too far and had to be ended. Are we going to have to face an economic collapse in order for people to realize welfare for companies is not what we need?

By: Auto Suppliers in Discussions with Treasury Over Bailout

Auto Suppliers in Discussions with Treasury Over Bailout — Fri, 06 Feb 2009 20:45:51 +0000

[...] A sharp drop in U.S. car production has waylaid the auto-parts industry and now skittish banks are holding credit back from companies looking for a life preserver. Alarmed by the precarious state of Detroit’s Big Three, many banks have stopped accepting receivables, or income that suppliers book in anticipation of future sales, as collateral. [...]