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[Senecaglobe] (NASDAQ:AMD) Gets Warning of Bankruptcy - Page 18

post #171 of 173
Quote:
Originally Posted by STEvil View Post

Iceland is nothing in economic power compared to the US. GM going south wouldnt kill the US, but it would have tanked things hard and its too big of a risk.


Yes things need to be done in the US economic front, same with everyone. Risking a cascading effect isnt worth it though.

You have to put that in perspective. The Iceland situation was way bigger in comparison to say GM for the US economy. How large or small a country is in effective GDP is not relevant in this situation.
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post #172 of 173
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Originally Posted by MoGTy View Post

You have to put that in perspective. The Iceland situation was way bigger in comparison to say GM for the US economy. How large or small a country is in effective GDP is not relevant in this situation.

Sometimes having something crash and burn and building it back up so you can fix does better in the long term
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post #173 of 173
Quote:
Originally Posted by MoGTy View Post

You have to put that in perspective. The Iceland situation was way bigger in comparison to say GM for the US economy. How large or small a country is in effective GDP is not relevant in this situation.

I did put it in perspective, iceland is a small economy and their banking sector is not going to cause collapse elsewhere by fixing it in a faster method than can be done in the US.

GM by itself may not cause a collapse, but collapse of GM may incite other collapses which could create a cascade effect. That said as far as I know GM has paid their loan back in full (I keep seeing that Ford is the current only auto manufacturer with a debt to pay), so does it really matter that they were bailed out?

edit

Yes, crash and burn can clean the system out. Cut/burn the fat!
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