Comments on: In Wake Of GM Ouster, Unions Demand Obama Fire Bank Of America CEO

By: Day Trading

Day Trading — Sat, 02 May 2009 06:08:51 +0000

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By: kilroyfoo

kilroyfoo — Fri, 03 Apr 2009 04:44:44 +0000

Some of you don’t get it. The Gov is artificially propping up businesses that should fail. Let them reoganize and clean their own house. There are plenty of Americans building Honda, Nissan and Toyota vehicles. How come they are doing so well.

As far as the stimulous being spent abroad – OUR “so called leaders” gave our money to these institutions and businesses. OUR “so called leaders” are responsible for gross negligence and incompetence. VOTE EVERY ONE OF THEM OUT OF OFFICE – Dem or Rep – get them out.

By: JD

JD — Wed, 01 Apr 2009 01:15:49 +0000

X–”The solution is to deregulate business and let capitalism just do whatever it wants.”

You forgot to add “tax cuts for the rich!” lol

By: X

Tue, 31 Mar 2009 22:38:49 +0000

Note to union-haters: Yeah, the unions are the problem! The solution is to deregulate business and let capitalism just do whatever it wants. We’ve been doing that for years now, and look where it’s got us!

By: X

Tue, 31 Mar 2009 22:34:48 +0000

Arguments that the finance industry and auto industry are in different positions technically, in a business sense, miss the point – which is their moral standing with the American people. The financial services industry absolutely ran up the housing bubble and leveraged their “innovative” new “instruments” to reap billions, knowing full well what the greater systemic risks were. The auto industry has been making dumb mistakes for a long time, but finance is the perp here, on an enormous scale. They may have already bankrupted the country – we don’t know for sure yet just how much damage has been done. If anyone was going to be publicly deposed, you’d expect some finance heads to be chosen first – yet it’s an auto exec. The auto execs were grilled in Congress, finance heads not so much. Bailing out Detroit is controversial, Wall St got their zillions without a hitch (and with no oversight at first). Morally there is a double standard here and people are right to question it. Personally I suspect 1) union-busting is the motive for dissing Detroit and 2) finance has way too much power and just owns everybody. People are asking for some action that disproves that, but so far they haven’t gotten it. Worries me.

By: jdowd

jdowd — Tue, 31 Mar 2009 18:06:34 +0000

while i have no sympathy for the management of GM – at least they were just incompetent. an even in their incompetence and lack of foresight, they actually made a product. whereas bank of america and the rest of them weren’t just incompetent but ridiculously greedy and created financial instruments that serve little to no useful purpose other than to enrich themselves. the whole investor class in this country needs a clear message sent that they are not entitled to make money without producing anything of value for our society.

By: Terry

Terry — Tue, 31 Mar 2009 17:02:59 +0000

.
This is a true story:

A guy I know went through a extremely bitter divorce and emerged in tight financial straits. He was forced to use credit cars to get back on his feet, even at the rate of 30% interest. He was surviving month to month. By living frugally, he was able to survive on 1,000 per month for rent, food gas etc. He had 1,000 in Bank of America to live off of for the month of April, by which time he hoped for an increase in his income. Bank of America took the thousand directly from his account to service the debt. The guy is now looking at eviction. Thanks BOA….bank of homelessness !

PS- I guess BOA needed to make my friend homeless to pay Ken Lewis’ 21 million salary. .
.

By: Kris

Kris — Tue, 31 Mar 2009 16:46:57 +0000

The nerve of the unions. The president and a few of his avid supporters are the only ones outside the Auto Industry who want to keep the American Auto Industry alive. I trusted the President’s judgement on this one and backed his support of the Auto Industry until now. I’m with the majority of Americans…if the UAW won’t partner with the president to save their own behinds then why should I support them. They should just protest the president, bring him down and elect Palin/Romney 2012. Then we’ll see how many union jobs and American car companies will be left in this country. You bite the hand the lifts you up, then you get just what you deserve!

By: Bernie Latham

Bernie Latham — Tue, 31 Mar 2009 16:37:07 +0000

Cato said: ” !!! NUKE THE UNIONS !!! ”
Yes. And make sure the weapons have exclamation marks all over them because that makes them way better.

By: Cato

Cato — Tue, 31 Mar 2009 16:30:09 +0000

!!! NUKE THE UNIONS !!!

By: Peter Kohan

Peter Kohan — Tue, 31 Mar 2009 16:24:44 +0000

Why not Citibank as well? How deep a stake do we have in that company? Let’s start exercising our ownership rights and fire some of hese Boards of Directors as well.

By: Cleo

Cleo — Tue, 31 Mar 2009 16:22:45 +0000

Tj you sound like a troll for Berman. Union members shouldn’t have to bear the brunt of the mistakes that upper management made. The auto industry just didn’t listen. They kept forcing bigger and bigger gas guzzlers on Americans and of course they bought them. They should have read the climate change tea leaves, which were becoming very clear, and started making more efficient cars. Unions had nothing to do with the choices management made.

Now the financial industry is just rife with corruption. They knew what they were doing was going to reek havoc and they DID IT ON PURPOSE. They didn’t care. They took the money and ran with it. They knew there was not enough money to back them their risky deals and they knew that they made really bad loans that would never be repaid. So what makes them different than GM management? I think everyone of those ********, including Ken Lewis need to be marched out of their offices in handcuffs.

To say that the unions had anything to do with this is a lie. They represent the workers who need them to get a fair shake in this economy. They didn’t make these horrible management decisions

By: Didi/Gogo

Didi/Gogo — Tue, 31 Mar 2009 16:07:22 +0000

Where is the House bill that will tax CEO’s Golden Parachutes at 90%?

By: Bernie Latham

Bernie Latham — Tue, 31 Mar 2009 15:54:04 +0000

Greg – I sent away for that “learn to throw your voice” kit advertised at the back of my childhood comic books but I just got a sheet of paper that said, “Try to speak without moving your lips.” My cynicism began there and I’ve found scant reason to view things otherwise.
Not Bernie – yes, I knew you were

By: Jim VanCise

Jim VanCise — Tue, 31 Mar 2009 15:52:03 +0000

First, the U.S. Government owes it to the automakers to prop them up. This goes back to WW!! when the government begged them to do whatever necessary to keep the tanks and planes coming. If you really want to help them then pass the health care bill.

Second, If Wagner can be forced out, then so can Lewis and Punjab what’s his face at Citi.