STEVE RATNER'S INTERVIEW IN FORTUNE DOSENT HOLD UP
RATNER ISNT BEING TRUTHFUL:
Ratner in the Fortune interview said that he fired Rick Wagoner after concluding that Gm was an organic fiancial mess(what ever that means). It shouldn't have taken much time to figure that out. It had been obvious for a long time that Gm was in trouble.
Ratner in an interview on Bloomberg just a few days before Wagner was fired said Wagoner had hosted him, filled out all the papers on time and was a great guy and didnt deserved to be fired. A day or two later Wagoner was fired. Was Ratner being the cold calculating poltician setting up his prey in the Bloomberg interview so he could anbush and fire him a short time later? Or maybe he didnt fire him after all?
The likely person who ordered Wagoner fired was the President and not Ratner.
If Ratner thought Wagoner was so incompetent why did he let him pick a successor who was even more imcomptent then himself(akaFreddie Henderson). Ratner said there wasnt enough time to do a full search so he had to let Wagoner name his successor. There is 50 billion dollars riding on this desicion but Rattner said he didnt have enough time to do a comprehensive search so he had to rely on Wagner's judgement. Does any of this make sense? It dosent. And neither does Ratners interview in Fortune.
The truth about Ratner is that he himself is an incompetent and like Wagoner dosent know enough about the automobile industry to be reorganizing anything. Consequently Gm will be soon right back at the bankruptcy window.
FIANCIAL PROPHET MARC FABER NEWEST PREDICTION IS AMAZING:
Faber predicts the dollar will go down to zero. That means it will be worthless. That means the stock market will be 30,000 or zero. Stocks have to go up when the dollar falls or their value goes down. I suppose real estate and everything else based in dollars will also lose value.
THE DETROIT TIMES TRADING RECOMMENDATIONS:Take profits in (ace) of you didnt today
Ratner in the Fortune interview said that he fired Rick Wagoner after concluding that Gm was an organic fiancial mess(what ever that means). It shouldn't have taken much time to figure that out. It had been obvious for a long time that Gm was in trouble.
Ratner in an interview on Bloomberg just a few days before Wagner was fired said Wagoner had hosted him, filled out all the papers on time and was a great guy and didnt deserved to be fired. A day or two later Wagoner was fired. Was Ratner being the cold calculating poltician setting up his prey in the Bloomberg interview so he could anbush and fire him a short time later? Or maybe he didnt fire him after all?
The likely person who ordered Wagoner fired was the President and not Ratner.
If Ratner thought Wagoner was so incompetent why did he let him pick a successor who was even more imcomptent then himself(akaFreddie Henderson). Ratner said there wasnt enough time to do a full search so he had to let Wagoner name his successor. There is 50 billion dollars riding on this desicion but Rattner said he didnt have enough time to do a comprehensive search so he had to rely on Wagner's judgement. Does any of this make sense? It dosent. And neither does Ratners interview in Fortune.
The truth about Ratner is that he himself is an incompetent and like Wagoner dosent know enough about the automobile industry to be reorganizing anything. Consequently Gm will be soon right back at the bankruptcy window.
FIANCIAL PROPHET MARC FABER NEWEST PREDICTION IS AMAZING:
Faber predicts the dollar will go down to zero. That means it will be worthless. That means the stock market will be 30,000 or zero. Stocks have to go up when the dollar falls or their value goes down. I suppose real estate and everything else based in dollars will also lose value.
THE DETROIT TIMES TRADING RECOMMENDATIONS:Take profits in (ace) of you didnt today
posted by thedetroittimes at 12:55 PM
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