What needs to be done to prevent another financial melt down?
Should the government take over the banks and the Big Three American auto makers? Is not this worse than welfare when three CEO's fly into Washington DC on three separate private jets and ask for $25,000,000,000.00 TWENTYFIVE BILLION DOLLARS? This is like black mail, is it not? If they fail, thousands and thousands more will lose their jobs, businesses, and homes, yet there is no guarantee that they can gain the car buyer trust and out sell Toyota Nissan, Honda or Volvo after they get this money. What needs to be done?
Asked By: KHill - 11/23/2008
Best Answer - Chosen by Asker
They need to get rid of the board of directors and all upper management. These clowns had no problem taking ludicrously high salaries justifying them when the market was on an up swing, as though by their making, Now that they have not positioned properly (indicates a lack of vision and poor strategic planning, yet... More
Answered By: DMG - 11/23/2008
Additional Answers (5)
Too late. Its here. What needs to be done is to re-ramp American industry. We've been consuming other countries' junk for too long. We need to start making things for ourselves again.
Answered By: krollohare2 - 11/23/2008
It's just reality. It will cost us many more times that to let the auto companies fail -- $23 billion in government pension insurance payments *alone.*
Answered By: Joshua H - 11/23/2008
I'll never tell.
Answered By: Aphex Twin - 11/23/2008
when government takes over businesses it owns them, picture Communist china, or the soviet union, or Cuba, that's a very unwise option... More
Answered By: Jimmy D - 11/23/2008
The solution is incredibly easy. It's so simple and straight forward that no Congressman will support it since they won't be able to make a buck off it. Let one of them fail. Right now GM is the biggest loser, so let them go out of business like they so rightfully deserve. Why is having a "Big Two" such a bad thing... More
Answered By: IgnoranceIsYou - 11/23/2008
$45/hour Part-Time Job Openings. Requirements: Must Have Computer.
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Work At Home Jobs Make $87/HR, Jobs Seen On TV. Jobs Hiring Now
Make $17-$27/hr Working at Home. Requirements: Must Have Computer
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.