yea i'm all for taking away the assests of these managers that ran these companies into the ground......make em live like the lower middle class
Who should "take" the assets and where should they go?
Sounds like the buzzword of the day, "redistribution of wealth"?
The big 3 went for the low hanging high-profit fruit of gas guzzing SUV's and then got caught with their pants down when fuel prices went up. Early 1970's all over again.
While I do put a large amount of the blame on econazi's, whose push for higher CAFE standards resulted in cars that no one wanted to buy/drive, there is also blame to be had by the big 3 for lack of technological innovation. Their solution instead was to exploit the SUV/light truck emissions loophole to build cars people wanted to drive. If they had their way we would still have open crankcases, mechanical ignition, carborators, non-overdrive transmissions and bias-ply tires.