Comments on: Demystifying Bankruptcy http://www.kenneyjacob.com/2009/06/04/demystifying-bankruptcy/ Disruptive Technologies, Modern Education, Shrouded Social Issues and Dirty media propaganda Mon, 06 Feb 2012 17:58:01 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: The Nomad http://www.kenneyjacob.com/2009/06/04/demystifying-bankruptcy/comment-page-1/#comment-5301 The Nomad Sat, 06 Jun 2009 14:21:37 +0000 http://www.kenneyjacob.com/?p=2632#comment-5301 A friend of mine who read this article asks me how this would affect the common man. My own understanding was that the effect will NOT be as significant as the fall of Lehmann which actually served to accelerate the banking crisis. While the automobile industry is central to the US economy, it DOESN'T have any invisible deep roots as did the many of the US financial firms (AIG or Lehmann or Citi etc). The only aftereffect of letting GM fail would be fewer vehicles and lot more people on the streets. But that’s half as bad as letting firms like AIG fail, which when happens would take with it, lifetime savings of millions of Americans. This should have scared the living daylights outta the FED and probably explains why the FED rushed to the rescue of the ailing insurer. This is also possibly another explanation as to why the fed has been weary of letting any of the big shots go down. This is just my interpretation. Correct me if I'm wrong! A friend of mine who read this article asks me how this would affect the common man. My own understanding was that the effect will NOT be as significant as the fall of Lehmann which actually served to accelerate the banking crisis. While the automobile industry is central to the US economy, it DOESN’T have any invisible deep roots as did the many of the US financial firms (AIG or Lehmann or Citi etc). The only aftereffect of letting GM fail would be fewer vehicles and lot more people on the streets. But that’s half as bad as letting firms like AIG fail, which when happens would take with it, lifetime savings of millions of Americans. This should have scared the living daylights outta the FED and probably explains why the FED rushed to the rescue of the ailing insurer. This is also possibly another explanation as to why the fed has been weary of letting any of the big shots go down. This is just my interpretation. Correct me if I’m wrong!

]]> By: The Nomad http://www.kenneyjacob.com/2009/06/04/demystifying-bankruptcy/comment-page-1/#comment-5285 The Nomad Thu, 04 Jun 2009 16:58:33 +0000 http://www.kenneyjacob.com/?p=2632#comment-5285 lol. Its very possible that even Chevy may have to discontinue certain product lines in order to make their business more profitable and to align itself properly with Fiat and its global presence. My own opinion here... Is their bankruptcy imminent? Then even Chevy might do away with a lot of distributors like did GM. In such a case you can get the vehicle at heavily discounted rates else..keep saving...keep saving :) P.S: I have no idea how well the HHR has been doing commercially there. lol. Its very possible that even Chevy may have to discontinue certain product lines in order to make their business more profitable and to align itself properly with Fiat and its global presence. My own opinion here… Is their bankruptcy imminent? Then even Chevy might do away with a lot of distributors like did GM. In such a case you can get the vehicle at heavily discounted rates else..keep saving…keep saving :)

P.S: I have no idea how well the HHR has been doing commercially there.

]]> By: Domestic Avalanche http://www.kenneyjacob.com/2009/06/04/demystifying-bankruptcy/comment-page-1/#comment-5282 Domestic Avalanche Thu, 04 Jun 2009 16:32:18 +0000 http://www.kenneyjacob.com/?p=2632#comment-5282 I really wish they keep their brands alive. Looks like they are not going to. At least Chevy is going to be there. I should buy my Chevy HHR soon before they discontinue that line. Or should I wait for them to discontinue that and get a bargain price? Fingers crossed. Fingers Crossed. I really wish they keep their brands alive. Looks like they are not going to. At least Chevy is going to be there. I should buy my Chevy HHR soon before they discontinue that line. Or should I wait for them to discontinue that and get a bargain price? Fingers crossed. Fingers Crossed.

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