Warren Buffett on CNBC

lostinrates

Generali, are you bored of your blog already?

Generali

lostinrates wrote: »

Generali, are you bored of your blog already?

No, just been busy. Doing a lot of riding and football.

dopester

Thanks for the blog Generali.

The problems at GM are so severe that the US Government is going to be forced to let them fail at some point. They are beyond turning around. If this happens, the factories and skills of their workers won't be destroyed. Let other, more able people use the skills and assets of this once great company to make great cars at a decent price again.

Absolutely. Yet when I point out this needs to happen to other firms, like on that thread about Wrekin.. and let good money come in at lower prices, and more able people come in to take over from the old-guard... everyone is blaming RBS and giving sympathy to the old bosses who have businesses and business plans which have failed. They can't see past their own noses.