ezrasfund

Let's Hope the Auto Bailout Has Failed for Good

Bailout Solution???

Please explain to me why this is a stupid idea!

Auto Workers Pension funds must have enough $$ to buy a significant portion, if not all, of the debt of F and GM at pennies on the dollar.

Covert those bonds into preferred shares, equity, what else (experts?) and relieve a good part of the financial pressure on these firms.

In short, surely the auto workers, with the value of their pension funds, must have enough equity to bailout their employers. Maybe they could own the companies!

All their eggs in one basket!? That's the life of a real entrepreneur.

Automaker Bailout Fails: This Is Not Good

Bailout Solution???

Please explain to me why this is a stupid idea!

Auto Workers Pension funds must have enough $$ to buy a significant portion, if not all, of the debt of F and GM at pennies on the dollar.

Covert those bonds into preferred shares, equity, what else (experts?) and relieve a good part of the financial pressure on these firms.

In short, surely the auto workers, with the value of their pension funds, must have enough equity to bailout their employers. Maybe they could own the companies!

All their eggs in one basket!? That's the life of a real entrepreneur.