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Termyn8or -> RE: Imagine there's no stock market... (6/29/2010 12:23:44 AM)
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"the current system in no way prohibits you from investing in local enterprises. "
Mine does. There is no way in hell I would even take a company public. If I own a companyu I will continue to own it and I will answer to myself.
If I were the head of GM a long time ago, with my current knowledge level as CEO I would have stayed out of certain things. If I became CEO now I would destroy the stock's value by reduction of dividends, and I am full aware of the ramifications of that. I would also recall those shares once properly devalued.
Then or now it is simple. We build cars. We are not a bank. You want retirement you have the union do it, let them slide down the slope with the banks. No GMAC. We will fully support our dealers to find underwriters for their own credit plans. They want to sell cars, let them handle that. Employees want to get paid for not working, that's the fucking union's problem. We will pay you when you work.
We build cars, let other people take care of the rest of the shit.
Really it was that simple. But the dude didn't have the backbone. Whoever agreed to those contracts and shit, and allowed company assets to be fused with those of a bank was not competent IMO. He might have enriched himself and looked really good on the quarterly report, but he was a horse's ass. You have to say no.
The workers stalk your grounds keeping the new workers out ? Yes that happened. But I got millions, how long cn these bitches exist without a paycheck. And the UAW which amounts to liquid nerve like a bottle of whiskey doesn't have unlimited resources either.
I'll just go out on my yacht, fuck them. But no, these asshole are addicted to money and since they went public their addiction to money is now an asset. They are a waste of fucking oxygen.
Nobody understands how simple it should be. We will setup payroll deductions and send the money to the union to be used for sick time, medical and retirement. We build cars. The deal is you show up at work (?) punch in and work. On break and lunch I don't care what you do, get high if you want, as long as you can do your job when you get back. If you fuck up, let your union handle it. Fuck up my factory you are fired. Fuck yourself up on the job I am not paying for it. And there will be no reason, any employee creating a dangerous situation is fired. Got a problem with that go see the union. But they will not force me to have people in my place I don't want.
I am not saying that taking such a stance is easy, but I am saying it is/was necessary to prevent these stupid problems from happening, which have desimmated our economy. Get to know where your bread is buttered. Banks and shit have a purpose, we are not a bank, we build cars. We will pay you the fifty fucking bucks an hour and what you do with it is your business, that is, if you are up to the job.
It don't get much simpler than that. But someone has to take the bull by the horns and have the fucking balls to say NO, we ain't doing that. Period.
And imagine the banks with their shenannigans. Well now you are out of business you stupid fuck. Now there is no entity to foreclose on all those houses. You LOST. Get it ? Tough shit. What would that do for people ? Well the financial institution that holds the note on the house is out of business and there is noone to sue them.
Live and let die.
T
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