Comments on: Thailand Turns Down GM http://thailandlandofsmiles.com/2009/02/06/thailand-turns-down-gm/ Wed, 10 Feb 2010 05:17:12 +0700 hourly 1 By: Talen http://thailandlandofsmiles.com/2009/02/06/thailand-turns-down-gm/comment-page-1/#comment-6536 Talen Sun, 08 Feb 2009 10:15:27 +0000 http://thailandlandofsmiles.com/?p=1387#comment-6536 Unfortunately I think there will be job losses in Thailand but GM using that as a bargaining tool is just bullshit. As for America...We allowed the derivatives to come into play and no one, not even the financial wizards, knew how badly it would be abused. It's sad when the old head of the federal reserve ( Greenspan ) had the audacity to say he knew there was a potential for problems but didn't think the banking institutions would abuse the market. The U.S. government holds a large share of the blame but the rest of the world joined in on the greed fest...now we get to pay for it. Unfortunately I think there will be job losses in Thailand but GM using that as a bargaining tool is just bullshit.

As for America…We allowed the derivatives to come into play and no one, not even the financial wizards, knew how badly it would be abused. It’s sad when the old head of the federal reserve ( Greenspan ) had the audacity to say he knew there was a potential for problems but didn’t think the banking institutions would abuse the market.

The U.S. government holds a large share of the blame but the rest of the world joined in on the greed fest…now we get to pay for it.

]]> By: Mike http://thailandlandofsmiles.com/2009/02/06/thailand-turns-down-gm/comment-page-1/#comment-6517 Mike Sat, 07 Feb 2009 05:35:51 +0000 http://thailandlandofsmiles.com/?p=1387#comment-6517 Talen I totally agree particularly about the US government, I know they are not to blame for all the worlds woes, but they must shoulder some responsibility. I hope the stand by Thailand doesn't backfire with job losses though. <abbr><em>Mikes last blog post..<a href="http://feeds.feedburner.com/~r/TheTeflDon/~3/533845471/coconut-surprise.html" rel="nofollow">Coconut Surprise.</a></abbr></em> Talen I totally agree particularly about the US government, I know they are not to blame for all the worlds woes, but they must shoulder some responsibility.

I hope the stand by Thailand doesn’t backfire with job losses though.

Mikes last blog post..Coconut Surprise.

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