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At Least Fisker's Cars Didn't Spontaneously Catch Fire...Oh, Wait

Colonialgirl Wrote: Apr 25, 2013 4:16 AM
Fisker and the other "Story Stocks" sounds a lot like the "DOT. COM" ripoffs ; Flashy company offices with great furniture, games, lounges, etc etc BUT NO viable products OH; Did I forget to mention the HIGH salaries for the Executives? P.T.BARNUM had it right, "There's a Sucker Born every Minute" and we gt some real doozies i the COngress and White Huse.
Scrap Iron in Texas Wrote: Apr 25, 2013 7:05 AM
The big difference is the dotcom bubble was not funded by the taxpayer, but by private investment.

If you’ve come in late to the movie the Life and Death of Fisker Automotive, you might get the impression that the only thing that stood between success and failure for the electric car company was their inability to meet a few milestones that the government imposed.

In reality, the biggest problem Fisker faced in their quest for success wasn’t the milestones the government gave them, but rather the money the government gave them.

“The electric carmaker,” reports CNN, “which laid off 75% of its employees earlier this month, missed its first loan payment to the...