Do your own research, they have as high a standard as the USA and BYD cars have been sold in rust belt parts of Europe with no issues.
Media Is Lying About Chinese EVs—And Here's the Proof
- Thread starter buster
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I will not defend any banks but you will notice from your own links that the taxpayer lost far less in the end on the banks than they did bailing out the autos. In fact all the Tarp losses were from direct to consumer housing grants. The MBS’s bought from the banks actually made money.Doesn’t that go for bail outs for all companies, including the $450 billion given to banks, or the possibility there would be no Tesla today because of Tesla‘s own exclusive bail out?
As we get close to two decades, you’re going to have to give up that argument someday
https://www.statista.com/statistics/1346573/great-recession-tarp-expenditure-total/
https://www.npr.org/sections/thetwo...ment-sells-last-shares-in-gm-loses-10-billion
It also ignores the special screwing GM bond holders took from the government special guided bankruptcy.
The banks were illiquid. GM was bankrupt. Big difference.
Im not defending anything. Nor do I believe in bailouts. SO you wont get an argument from me, never.
I actually knew, day to day what was going on in the home mortgage business. Literally updated on a weekly basis. From 2000 to 2008 ish ANYONE could get a mortgage. Many times just by a mortgage broker making a phone call. If you couldnt well you had problems.
I moved tens of millions of home sales/listing during that time. I never saw or had a deal fall apart because of financing nor did I EVER have a deal fall apart on the banks property appraisal. During my peak I was in the top 20 of over 5000 agents in the NY metro area so I know what I am saying. I saw it coming, HECK, I decided to move to South Carolina before the ____ hit the fan. worked perfectly in 2006
The Appraisers would ask me the contract price and make it work based on area sales I gave them comps, they found a way. ... weekly meetings, with a lending saying bring us anything, FICO scores being lowered all the time even for no docs. IT was the gov fault pushing for people of lessor means to get into a home.
For me today, looking back I think it was a good investment bailing out GM compared to the garbage going on today with handouts, tax breaks, cash to buy EVs and a whole host of other stuff. (no politics) At least we still have an auto industry. The money lost was peanuts in today's budget. The jobs saved that pay federal taxes I am sure more than made up the difference ... but lets me clear. I do not believe in handouts and bailouts but I think I would have been wrong this time to deny GM. No politics but in general look at that bailout compare to the current national debt to really get sick.
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Now you’re making me defend the Fed. You’re not very kind this AM.
It’s was the GSE’s and government programs like the CRA that pushed commercial banks into ridiculous amounts of leverage to make “housing available to everyone”. So it was the feds job to regulate the banks but that’s like blaming a robbery on the police for not being there.
If you notice I changed my post to GOV
The Fed is always trying to fix and stabilize what others mess up. Then our public servants blame the Fed.
Im always editing my posts, sometimes they get read before I finish. *LOL*
edyvw
$50 site donor 2026
Government is always blamed bcs. government agency/workers don’t have PR.
Case in point FedEx. Business, they know the best etc.
I ordered phone from AT&T. Sent by Fedex. Has to be signed. Somehow they missed me and wife because it just happened they came during the time when we both are out (she works from home, fully) Either picking up kids from school etc. No advance notice that they are coming, no timeframe etc.
Anyway, they stop attempting, I go to FedEx and they are: go to
Main facility, but good luck among thousands packages. AT&T said just wait until they return to us, then come to store.
Fast forward few weeks to this week. Last week during heat wave I decided to check AC, dead! Guy comes, leaks on compressor and coils. All system cheaper than replacing few parts. They change it. City inspection has to come. They schedule it for this Tuesday. OK. Guy tells me, be home, they can come anytime during the day.
I am already thinking that FedEx scenario.
But wait, I get a call telling me electrician is coming in next 60min. Guy shows up, then tells me that mechanical inspector also needs to come.
I get another call: he is coming in next 60min. Same, guy shows up in told time, we are in the house, checks everything.
Pikes Peak Regional Building inspectors do much better job then FedEx.
While not an EU member state, Norway has adopted EU motor vehicle safety standards, which are broadly similar to those of the US, although with more stringent standards for pedestrian and cyclist collision protection.
You were right, so safety standards should not be a barrier for BYD in the US.
They already sell world wide. The U.S. will not be a testing site for them-should they ever enter the market. They will not stumble-as Toyota back in day did, and Hyundai more recently. They have viable products-TODAY.
BYD is a global leader in New Energy Vehicles (NEVs), with 2025 sales reaching roughly 4.6 million units, surpassing Ford to rank among the top automakers worldwide. The company has solidified its lead over Tesla in pure electric vehicle sales through 2025 and has significantly expanded its international presence, particularly in Europe, Southeast Asia, and Brazil.
The real issue to consider is the risk that in the U.S. you would have to buy the stock OTC, I believe. (IIRC,the company is listed in HK but there is no U.S. listing.) So when you go OTC, there is generally less disclosure available and perhaps most importantly the liquidity may not be there if you want to get out and the spreads could be terrible. I don’t say any of these things are deal killers for someone who has real conviction on the stock and wants to own the company forever as Buffet would. But at the same time the auto sector in general has not been one that would inspire that kind of investing sentiment, irrespective of the domicile of the manufacturer’s ultimate parent. But that is only my opinion, people have to invest their money as they see fit and consistently with their risk tolerance and horizon.
Just like how the Soviet treats VIP foreigner... They provide a tailored, boutique show case vehicle that probably can't be bought on the market.
Surely you jest. Elected idiot steps in front of camera anywhere and 10 networks play it. They have the most free PR of anyone.
edyvw
$50 site donor 2026
I am talking government. 99.9999% are professionals who are underpaid and still do better job than FedEx.
You are talking elected officials.
I don’t know much about fedex but 99.9999% of fedex employees have no lobby and no PR either. Maybe you see the CEO on occasion. My local fedex guy is nice.
I have done business with the federal government. Several divisions. Most I have met would not survive in the private sector. If there so awesome and underpaid they should leave and get a better job?
Either way I doubt the average fedex employee lost your package or the federal employee blew up the GSE’s either way.
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You mkae good points, but there are some considerations. The private sector can pick and choose their business while the US Mail has to deliver pretty much anywhere for the price of a stamp. Or something like that.I don’t know much about fedex but 99.9999% of fedex employees have no lobby and no PR either. Maybe you see the CEO on occasion. My local fedex guy is nice.
I have done business with the federal government. Several divisions. Most I have met would not survive in the private sector. If there so awesome and underpaid they should leave and get a better job?
Either way I doubt the average fedex employee lost your package or the federal employee blew up the GSE’s either way.
The people I know who work government jobs do so for the benefits and fabulous retirement programs.
Government was the root cause of the GFC. That’s well documented.
Another poster took offense and went on a rant about FedEx and whatever else.
I blame no average employee anywhere. All problems are management problems.
In Miami this week. I have some observations.
There building 6 lanes of road above 6 lanes that are already there. Where all these people will park when they get downtown I have no idea.
We really need to work on public transit. That is where the effort should be honestly. We’re out of space for more cars.
I could see the allure of an EV if commuting here. I can see an EV drivetrain being better suited to the constant stop start.
There building 6 lanes of road above 6 lanes that are already there. Where all these people will park when they get downtown I have no idea.
We really need to work on public transit. That is where the effort should be honestly. We’re out of space for more cars.
I could see the allure of an EV if commuting here. I can see an EV drivetrain being better suited to the constant stop start.
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edyvw
$50 site donor 2026
Hmm , where did I say average FedEx employee lost my package? I was saying how Fedex runs business compared to my local government.I don’t know much about fedex but 99.9999% of fedex employees have no lobby and no PR either. Maybe you see the CEO on occasion. My local fedex guy is nice.
I have done business with the federal government. Several divisions. Most I have met would not survive in the private sector. If there so awesome and underpaid they should leave and get a better job?
Either way I doubt the average fedex employee lost your package or the federal employee blew up the GSE’s either way.
As for federal employees and private sector, that was always BS.
I have been to Europe several times in the last couple of years. Last time for Italy and the Olympics. Saw a grand total of 2 BYD. Kind of thinking the sales numbers are made up.
You’re the one that made this statement, then ranted about one private company you hate - today at least.
The comments was that the government - ie the lawmakers - were the root cause of the GFC. And that is well documented. You don’t have to dig far. The government sponsored enterprises Freddie and Fannie blew up spectacularly and needed huge bail outs.
Your the one that went off the rails.
Italy is not a big market for them at the moment. Once the BYD plant in Szeged, Hungary is up producing within the next few months or so then the ones in Spain and Turkey that should be enough to drive Tesla out of Europe completely.
https://tridenstechnology.com/byd-sales-statistics/
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