RLflutie7

No one said it here. They're saying it on TV. They're blaming the gov't for the crisis which is a complete joke. They say it all the time on CNBC. "Lack of modern regulation". Give me a break. Even Obama is saying it.

Wall Street people are saying it was the lack of regulation. Before they were saying they don't need regulation. That is how absurd that remark is.

Your failure to see the big picture is getting a little ridiculous. Not all Wall Street people are bad. It just seems that the honest people stand by quitely and allow this to happen. My aunt lost half of her investments. My sister lost half. etc. etc.

I hope you're right. That would be BS if they asked for it. But we'd probably look bad if we said no.

I been watching the suicide story all day long. That's who I was talking about. I read the story about the grandfather. That's who I was talking about. Honest people. Also, Chrysler owner, Cerberus Capital has sent a letter telling investors they can't withdrawal their money for a year. I guess they can only get 20% of their request. And they have a right to do this (unlike Enron). They have also admitted to mistakes, but also stuck to their position that there are good buying opportunities.

How did we disagree so much on the union deal, when you just wrote what I've been saying. That Wall Street has caused so much pain and regular people are becoming homeless every day because of Wall Street.

You are not dealing with the US gov't.

Whose Mr. LaRouche? I've heard the name. Fill me in.

I think so too. But, Toyota could probably say that "Toyota USA" is separate than "Toyota Japan" They probably are separate entities. But the money gets sent back to Japan. I'm just thinking too much. Just a thought.

I was thinking they might "pull a chrysler" and ask for bailout money, even though they have cash sitting around. They could say they don't want to throw good money after bad. In other words, refuse to put cash into the operation.

What I'm saying is that they could be lying to you. Like false financial statements. Don't put it past them. I believe you when you say Toyota has no debt. But their customer (the American public) is in the toilet, so how long can those cash reserves stand up? They'll stand up longer than the Big 3, but how much longer?

It sounds to me like Toyota is asking for gov't help. They'll probably slash 50% of their production. I guess if you want to believe that Toyota has massive cash reserves you can. But they did increase capacity by tons, so it's hard to say they still have massive cash reserves. It's not like I like the situation. And you do present the right arguement. But, I don't want to stand in a soup line. But, that will probably happen anyway. And you are right, not everyone can ask for a bailout. Who gets it and who doesn't? I don't know the answer. So far, it's been bailouts.

It sounds that way to me. If you read the Toyota president's statements. I hate to say this, but I think they should get it also. And I think the US gov't should pay for it along with the Japan gov't. Not that I really want that to happen, but Canada gave GM money also. It's about jobs and a higher wage level. Toyota will probably ask for wages cuts. They said they're going to slash production.

No I wasn't. I got confused there for awhile. All businesses can run in a cycle. That doesn't mean it is a cycle. Is 20 years a cycle? If run right, an auto manufacturer can keep producing year round. But I would say that auto sales are seasonal which conflicts with the maker of the autos. PS. Check out my post about Toyota. I does indeed prove my point that the auto makers could not have been prepared for this crap.

Toyota to lose 1.7 billion Nagota Japan - Toyota Motor Corp. projected its first ever operating loss since it began such reports, saying Monday that its nine-year stretch of global vehicle sales growth has stalled. Crashing auto demand, especially in its key US markets and profit erosion from a surging yen proved to be too much for Japan's top automaker, which had been booming on the success of its fuel efficient models, including the camry sedan and prius gas-electric hybrid. Gloom dominated the annual news conference. Toyota president Katsuaki Watanabe even refused to give a worldwide vehicle sales goal for 2009. "Tough times are hitting us far faster, wider and deeper than expected," he told reporters. This is an unprecedented crisis requiring urgent action." Thoughts? I think everyone knows what mine are.

It's going to be justice for the Chargers. I'm a Bronco fan, so I hope not, but you could see this coming. The Bills played the Jets tough and the Jets have a darn good defense.

I watched the Bills-Jets game and I had a feeling you guys would come in a give us a game. No defense on Denver's part. Jay Cutler can only do so much. RBs dropping like flys. But the Bills played tough without #1 RB. Congrats. I don't see Denver beating SD.

P.S. I haven't admitted I was wrong. But I can see were someone could infer that I was implying that the auto business is cyclical.

I guess you missed the Honda Pilot and the new pickup truck they came up with. The Honda Ridgeline. They also came up with a van. You don't want to consider why Honda made a pickup do you? I'd love to buy that truck. I love it. Honda's are my favorite car. They are far from flawless. I had two Accords. The first one was great. The second one was a lemon. But I'd still buy a Honda. The quality is great. I just don't like Toyota. Never did. My sister bought one in 88. Nothing but junk. But I know why people love them. They do make great car, I just don't like them. I'd buy a Tahoe. And I'd buy a Chevy Silverado. I wouldn't buy much else from GM. I'd buy an F-150. But no other Ford.

Well said. I've been watching too much TV also. The news media sucks. It's the news opinion media. I used to watch CNBC all the time. That is really depressing to watch. The only thing I like is the NFL Network.

I found it. I was talking about Chrysler but it's the same thing. I went to Barnes and Noble today and Fortune had an article bashing GM. One of the many problems written about was how they couldn't afford production shutdowns and they had several with UAW strikes throughout the years. So yes, they were not prepared to handle the downturns. But this downturn is so steep, no one would have known. Only the most pessimistic bumb could have called it. The article touched too much on GMs culture. An outsider looking in but not really knowing what's wrong. It did touch on GMs flawed products a little bit, but nothing on quality.

OK Einstein. Question for you. If GM goes bankrupt what's going to happen to the price of a used car? I know the answer. Do you?

Where did I use the word cyclical. Define the word cyclical please! Opps I sound like a Bill Clinton.

I forgot where I made the argument that the auto business is cyclical. Show me.

The credit gravy train is over with isn't it. I never bought a new car because I could never afford it. I bought a car from a car dealer once in my life. Never did it again. Who can afford it?