GM will pay $900 million to settle a criminal probe over its delayed recall of flawed ignition switches, according to court documents. At least 124 deaths are blamed on the problem. No GM executives have been charged in the probe.
------------------------- GM = General Motors = motor vehicle manufacturer What does this tell us about safety in the USA? I think that the feds consider $9M to be the cost of one death. So $900M just barely covers the death toll. (Whatever that means.) Lets think about this semi logically. GM starts to hear about problems. GM does an analysis. GM figures that it will cost $XXXB to fix the problem. It will save XX lives. Is the price to high? If the price is above $9M per death, then the feds probably wont be implementing a recall. If the cost is below $9M per death - maybe the feds will order a recall - maybe they wont. If they dont - its payday baby! If they do - maybe we have recall insurance that will cover the cost. Is there any such thing as recall insurance? Maybe it is called - "soak the stock holders". ?????? -- You received this message because you are subscribed to the Google Groups "massfire" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/massfire. For more options, visit https://groups.google.com/d/optout.
