Yo, I just cannot let this completely illogical CDEx crapola go without comment. It is nearly as ridiculous as the Detroit Three CEOs and the UAW's Gettlefinger's completely illogical, BS arguments/answers they have been giving on Capitol Hill yesterday and today.
Only the Ford CEO (Mulally, just over from Boeing) seems to have an IQ above room temperature. Unfortunately, he has bad facts with which to try to confabulate a plausible argument.
I just cannot stand by and let the CDEx/MP apologist put forth totally illogical, ridiculous arguments to try to construct a story other than what is obvious to all, that the investors were, and IMO continue to be, lied to by CDEx in a blatant and bald-faced way.
Parenthetically and OT, it is clear to me that GM and Chrysler must and will (eventually) go bankrupt, and I mean Chapter 7 not 11, as they do not have an even remotely plausible plan to operate as a going concern, and, based on testimony from the companies, UAW president, and a sharp economics professor who is an expert on the issue, it is clear to me that it is not possible to create a viable plan to make GM or Chrylser, alone or in combination, a viable on-going business. Ford may survive - or not - either way I care not. Any money given to these companies will be G-O-N-E.
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