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Created by : Pravin Patil, Associate, Kotak Mahindra  | 11 24 2008 18:18:35 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : DETROIT Bailout
Activity:  138 views;  last activity : 07 06 2010 20:18:09 +0000
Will Detroit bailout help?
 
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Arguments in: "Detroit bailout"
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I think people are not thinking rationally they are simply afraid off but this can actually solve the problem.

By Karthikeyan P S, Associate, ABN Amro  | 11 24 2008 18:20:48 +0000
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Just to add on what my friend said above Detroit actually hoped that emerging markets would help shore up earnings. Evidence from China, Russia, and India is that car sales are slowing. GM has lost market share in China this year.
By Sandip Gunjal, Sr. Associate, Irevna  | 11 24 2008 18:22:44 +0000
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In my opinion detroit should not receive bailout now that could be easily found in General Motors Jobs Bank" program that, bizarrely, pays employees not to work.
By Pravin Patil, Associate, Kotak Mahindra  | 11 24 2008 18:18:35 +0000
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Govt. is doing all this to maintain image in front of the world bank and pursuing them to give a loan again and therefore it is showing its way as though it is trying to come out of the retrenchhment.
The deicit is not monetized so the chances of it being affected are a bit low.
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