Death Sentence for Auto Companies UAW Equity Shareholders

In exchange for a Multi Billion Dollar Bailout under a plan circulating in Congress the government would order a major restructuring of GM Ford & Chrysler – Detroit’s struggling Big Three Auto Companies.

Any government aid might be ” highly conditional ” and only occur after a 

  • Replacement of current management
  • Concessions from both the UAW and automakers
  • A Wipeout of Existing Equity and Debt holders
  • Nationalization of the Auto Industry to include a ” Car Czar

A Government-run restructuring would include Massive Downsizing and Labor Givebacks.

Restructure – Reorganize – Get Rid of the Union Contracts bringing them down – A New Business Model and Move Forward

Political Power is Controlled by those who Control the Money Supply.

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Filed under Abundance Wealth, American Economy, Big Business, Cars, Dead, Everything is Connected, Financial Crisis, GM Ford chrysler, News by Photos vBlog, Peter Schiff, Ron Paul Revolution, Stocks StockMarket, Survival of the Fittest, Uncategorized, Wake Up People, Wall Street DowJones

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