Tag Archives: Restructure

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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