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The only people who got rich off the spinning off of supporting assets from many of the vertically integrated industries were the investment bankers and underwriters... well shareholders as well... but the problem is that these large industries are now dependent on suppliers over which they exert no fiscal control, if they (industry) are going to have to prop them up or buy them back... other than the fleecing of the average guy... what was purpose?
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I'll agree with that...but evidently GM is missing the big picture, as my latest Diesel Power says they're looking to unload ACDelco...!
