GM eyes Bankruptcy, sell company to US Government

Discussion in 'Blazers OT Forum' started by BTOWN_HUSTLA, May 19, 2009.

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  1. maxiep

    maxiep RIP Dr. Jack

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    Wow, you know nothing, are too lazy to look up anything, yet spout off anyway. President Bush extended GM loans with a three year payback. President Obama extended additional loans. Then the Obama Administration converted their loans to common equity by bullying GM. That allowed them to make line decisions and pack the board. They then had the chutzpah to cram down the bondholders for $0.10-$0.20 on the dollar. Mind you, in the case of regular bankruptcy, debtholders are put at the front of the line. Check the comments of the White & Case lawyer who was in the negotiations: http://www.cnbc.com/id/30515286

    Who makes out the best? The UAW. In the words of Gomer Pyle, "Well, surprise, surprise."

    I'm not your reference librarian. Look it up for yourself. Chrysler came back to the Federal Government showing that advertising positively corresponds with sales and the Federal Government said "so what? We're cutting it anyway." The bottom line is that you're comfortable with the Federal Government running businesses in which they have no experience and I prefer to leave their running to the experts.

    Someone needs to stop taking things so personally. I don't care if your feelings are hurt. You're ill-informed on this issue and are arguing anyway. If that's not the definition of stupid, I don't know what is. It's not an ad hominem attack, it bears directly on the discussion. Don't you know the definition of ad hominem?
     
    maxiep, May 21, 2009
    #41
  2. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    An interesting article, but it's about Chrysler, not GM. They are two different companies. I'm surprised you don't know that.

    Oh, well, if the Chrysler management says it, it must be true! They obviously know how to run a business, they've been so successful at it.

    I don't care whether you care about my feelings, so why don't we discuss the topic instead of my feelings?

    Feelings, nothing more than feelings...

    barfo
     
    barfo, May 21, 2009
    #42
  3. Mr. J

    Mr. J Triple Up

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    For some odd reason I was thinking the GM of the Blazers.
     
    Mr. J, May 21, 2009
    #43
  4. maxiep

    maxiep RIP Dr. Jack

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    Well, given what Isiah did to your team, you might be eligable for TARP money.:ghoti:

    Here's hoping that D'Antoni and Walsh make the Knicks worth watching again.:cheers:
     
    maxiep, May 21, 2009
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