cz

Time to Look at Auto Stocks?

Woodsey,
Knowing that a Republican administration would’ve loved to have stolen your pension and healthcare funds through forced bankruptcies (on 1-21-09), how could you publicly state that you (a UAW retiree) are in favor of that greedy ideology???

Stewart vs. Cramer: A Cheap Shot

…a pro Cramer article with a predominately pro Cramer comment response on a pro Cramer website…

…‘back up the truck’ and get ‘all aboard’ ‘cause this place is truly a Cramer ‘house of pleasure’!!!

GM May Be Considering Bankruptcy (at Last)

Hey Ty, “… a million to one against GM getting the additional loan…”

…gimme’ a buck on GM getting the additional loan.

I hope this is legal. I suppose if the toyota republicans can proudly and overtly force the American Auto Industry into bankruptcy for their own personal gain without alarming the SEC, a harmless one million to one wager between an SA sponsored union buster and an American Auto Industry and UAW advocate should also be viewed (from a legal perspective) as something somewhat nondescript.

Let’s just call it a ‘credit default swap’ insurance purchase. I hear that technical wall street misnomer makes gambling legal everywhere on earth.

P.S. I accept Pay Pal…

General Motors: Time to Pull the Plug

1-15-09
Andrew,
Do you or anybody at SA actually re-read the stuff you write before letting it loose on the public??? Your analogies are weak and far reaching. Your ideas do not mesh in a coherent manner. And, the thrust of your main theme has you coming across as a mean spirited, union busting, Toyota-Senator-boot-li... self-absorbed, whiny-assed, evil little kid… about 8 years old would be my guess!!!
Grow up… and have somebody proof read your bullshit before you erode SA’s credibility even further.
CZ

Washington Giving Detroit a Second Chance

1-15-09
Peter,
With your credentials, it’s apparent that you’re immanently capable of carving out your own slice of ‘free market’ prosperity commensurate with the likes of George Soros or Warren Buffett. However, your recent media exposure where you extol the virtues of union busting seems to have put you squarely on par with renowned political hacks such as Larry Kudlow, Steve Moore and their ilk… which is very perplexing.
You could’ve been one of the ‘Masters of the (capitalist) Universe’, but you chose the path of the coldhearted, shameless, right-wing-nut, ideologues with their psycho-fervent desire to destroy the lowly working class. Stealing those measly $6000.00/yr. GM pensions from little, 70 year old arthritic UAW ladies must provide some sort of inner sense of reward and justice only the lowest form of political species (like you, Kudlow and his CNBC pals… FOX too) can fully appreciate.
Apparently the RNC bulk book purchases (and consulting fees) in lieu of prostituting yourself out as the face of Republican greed and class warfare was the best you could do in these difficult economic times. Perhaps, you could parlay your sleazy sideshow into a more ‘respectable’ lobbying occupation or even gain further notoriety as the resident genius conservative all purpose RNC talking point spewing correspondent on FOX or CNBC.
I’m sure they already love your no-nonsense working class hate-speak and that should allow you to easily make a seamless fit into their ‘right-sided’ ‘news’ broadcasts!!! And, then you’ll be able to achieve that iconic media stature that you are so (obviously) desperately craving. So, good luck with that…
CZ
P.S. grandma says you are a greedy scumbag.
p.s.p.s. what do you expect from a ‘low-class’ union worker who’s being robbed by the most corrupt political regime in history.

Bail Out Capitalism, Not Detroit

To DDavid:
Well said!!!


On Nov 23 05:30 AM ddavid wrote:

> It must be easy to babble on; How much intelligence does it take
> to take the word of the media or blog site speaking wages of the
> big-3 autoworker
>
> First of all the wages start about $14.00 and go to $27.00 /hr.<br/>Honda's
> starting wage is $18.41 an hour.
>
> The difference are Health and Retirement costs in the amount roughly
> $44.00
> That cost covers two (2) workers - the present worker and the pensions
> and healthcare costs for the thousands of retirees on their books.
>
>
> Hence the wages are much at par between GM &amp; Honda &amp; Toyota.
> It is the Pensions and Health care that the Japanese automaker does
> not have, because the Japanese government pays for those costs.<br/>
>
> In that respect the Japanese are subsidizing their Autoworker.<br/>...
> if we ever have a National Health Care System, the Automakers can
> have room to breath for true competition.
>
> The solution is difficult. Again it is easy for the ignorant to repeat
> the media or blogger that GM et. should go into Chapter 11 without
> taking into consideration the huge costs and time. Lehman little
> unit in England will take 1 year at $10 million dollars a day. Delphi
> has been in Chapter 11 four years, and its not even close the size
> of GM, let alone all 3 automakers. Section 346 of Debtor financing
> will require billions of dollars. - a reason 2000 companies this
> year have chosen Chap 7 because its is impossible to get Debtor financing
> in this credit environment. GM et. option to go into Chap 11 would
> require government subsidy.
>
> To show the difficulty GM et. failure would have on the supply line,
>
> Honda spokesman Jeffrey Smith said Honda supports government aid
> to the big 3 because it would maintain the stability and viability
> of the auto industry as a whole.
>
> The quickest fix, at this moment without giving deeper thought, would
> be to place an excise tax on foreign auto's - in the same amount
> as Health &amp; Retirement costs are of the American Automaker.<br/>
>
> A point to remember, irregardless which foreign company operates
> in the USA,
> the profits are either returned to its country of origin or invested
> in US Treasuries. None aids the Trade deficit which increases the
> National Debt. So you &amp; I loose any which way you care to slice
> it. Who else is there to pay the debt ?
>
>

Does the Auto Industry Deserve To Be Bailed Out?

"Dumb backs, monkeys, clean toilets…"

"I think society, (and by society I mean the US taxpayer) is better served by having an overpaid segment of society go find some other work to do."

"Obviously they’re (Nissan and Honda) opposed to the bailout because it use’s their tax money to help the competition."

"He has a Masters Degree in Computer Science from the University of Southern California and hopes to graduate with an MBA from UCLA's Anderson School of Business in the vague near future."


You gotta’ be a real ‘dumb-back, toilet cleanin’ monkey’ to believe that load of bullshit!!! Masters Degree… MBA?????

Bail Out Capitalism, Not Detroit

To Big Fat Chester:
The contracts are negotiated every 3 to 4 years, so all agreements are made with, at least, 3 to 4 years foresight.
And, if your inference that GM was very profitable in the 1980’s is correct, where is the money that was set aside for the pension and healthcare funds??? It’s invested in one half of their business…over seas... that’s the “realistic” view. It’s not an “over paid” union problem, it’s a ‘where’s the money hidden’ problem (read ‘union busting methods’).
And, what exactly is this animosity towards the UAW all about??? In a capitalist, free trading society, why are so many people siding with the communist notion that a laborer is not free to negotiate a deal with his employer??? And, why do so many third parties feel the need to interfere with those negotiations???
How many of Congress’s trillions of dollars in spending over the last 8 years did today’s vocal taxpayers influence??? And, you’re pissing and moaning over this stuff…a stinkin’ auto loan??? It’s merely right wing ‘hate the minorities’ (UAW was the first union to organize black laborers) politics.
And, in a free trading capitalist society, it is acceptable for businesses to apply for loans. And, since all of the banks refuse to loan money to anyone, the Treasury is the default lender of last resort…like in 1929.
We will go into a Depression followed by a third World War when countries begin defaulting on their financial obligations with other countries… like in the 1930’s through the 1940’s. So, why rush that shit by forcing 10 million people out of work over night??? Just look at who is in favor of this scenario… that’s right, the angry, heartless Republicans.
Keep in mind, GM is merely applying for a loan from the only lender with sufficient resources. This circus atmosphere around this mundane business practice is all political. It’s a neo-con last harah to break the union.
Union busting is a well known tenet of the Republican Party and since they still ‘own’ the government and the courts, they are pushing very hard to destroy the lives of millions of working class people before 1-20-09… because the unions “redistribute” wealth more equitably.
Another tenet of the Republican Party is to have an exclusive service economy where everyone earns $7.00/hour. Exterminating the UAW will deal a major blow to any kind of capitalist, free trade negotiating between laborers and employers. The boss will always dictate the terms of employment…like in communist China. Is that what we want this country to look like…??? It’s been getting closer and closer to that over the past 8 years!!! I hope the Democrats are smart enough to avoid that 1929 scenario.
And, what should Capitalism do with all of those deadbeats banks???



On Nov 22 10:41 AM Big Fat Chester wrote:

> Not steal, but reset to realistic value. Those contracts agreed to
> in the 80's were in effect the robbery that put GM in the dire position
> it is in. Example, Toyota, Honda and GM today go to start the build
> of a car. Starting cost for Toyota and Honda = $0000.00
> Starting cost for GM= $3400.00
>
> The 3400 is for ludicrous pensions and full tilt health care. No
> other company in the WORLD offers nor can sustain that unless they
> were guaranteed a monopoly on the market. In the 80's GM had pretty
> close to that with 68% of the market. Today, they have less then
> 20%.
>
> You do the math. If the unions had been upfront and fair as the market
> share declined and negotiated in the interests of keeping people
> employed,, by scaling back on those wins linearly to what the market
> share was, you would see a much more robust GM today.
>
> Hmmm, you do the math.

Bail Out Capitalism, Not Detroit

Hey Vita,
All of the banks in this country are insolvent as well as the US government. Between the two, they owe more money than any other institution on the planet. What should Capitalism do with all of those deadbeats???
I think you’re right. The real smart Capitalist thing to do is to exact a hefty dose of retribution against those uppity over paid auto workers. Yeah, Capitalism should fire ‘em all and steal their pensions and healthcare benefits. That’s what’ll keep this country great!!!

The $60 Trillion Nightmare of Credit Default Swaps

To Rocknbob,
Actually ‘rake’ is a misnomer; I should’ve just said fee or commission in addition to the $700 billion. Sorry for the confusion.
‘Rake’ is a term used in reference to the house’s (casino’s) ‘take’ or commission removed from the total ante in various card games.
More specifically, a 20% rake on $700 billion would be $140 billion for the house (pun intended…as in Congress), leaving the winner (the banks, ins. cos., etc…) with $560 billion and me with the, now obvious, misnomer.

The $60 Trillion Nightmare of Credit Default Swaps

Amen, brother…you too Bones!!!

My take on the situation is that because the solution to the ‘credit freeze’ is so simple, i.e. “…simultaneously, providing a regulated, transparent Credit Default Swap market on major exchanges like the CME and allow the transition to be as seamless as possible…”, there are very influential ‘counterparties / players’ that don’t want to end that $62 trillion game.

What is needed in this instance are some leaders with sufficient authority and the balls to bust up that illegal racket. I don’t think we have any that in this country. Our leaders require a piece of the action before they’ll do anything.

Look at the 20% rake on the $700 billion bailout bill…now $840 billion. How much is 20% of the $62 trillion CDS Market???? That’s the problem!!!

CZ

Law of Supply & Demand Is Dead for Gold & Silver

'blatantly manipulation' in the markets...well, duh!!!

Can One Profit From Poor Customer Service?

7-27-08

Ethan,
Current ‘usury laws’ (100% [or more] interest is legal) and bankruptcy laws (have to pay all credit card debts) alone, pad the bottom line for all businesses like never before. Profits in the last 7.5 years have never been higher for businesses in the history of accounting.

Include preferential taxation for corporations and their executives along with uninforced regulations of all kinds (consumer, fraud, tax, etc…) and it’s no wonder that executives and managers don’t give a shit about their customers; they don’t have to be concerned.

They’re ‘earning’ more money than they could have ever imagined and no number of complaints or law suits will change that behavior towards their customers. They own the politicians (who let them write their own laws) and the politicians own the courts (if a complaint ever gets that far).

Even the companies that are near bankruptcy are still more viable and able to treat their customers with contempt longer than normal because of the current ‘business friendly’ environment. And, there’s nothing we can do about it…at least until the time we can elect more law abiding, consumer friendly politicians.

So, when you go to vote, just remember who made corporate loan sharking and ‘tax evasion’ legal. That’s right; it’s the same bunch that’s on the verge of putting the world markets into a global depression by allowing other ‘innovative financial instruments’ to flourish (see current ‘banking crises’).

It’s the same guys that have already turned this country into a ‘Big Brother’ (see current privacy laws) and Socialist (see ‘loan shark’ bail out) nation. It’s the same guys that have intentionally caused a ‘supply destruction’ of oil (for the past half decade) in Iraq, which has pushed the price of oil, gas, food, etc… to ‘usury’ like levels.

Yes, it’s the same guys that think the general public (both, socialist democrats and socialist republicans) haven’t wised up after eight years of being under their thumb.

It’s the same guys that will tell you everything’s ok as they cash in (Enron style) on one of the boldest US consumer and US Treasury heists in our nation’s history.

It’s the same guys that will tell you we’re the greatest nation on the face of the earth while we quickly back step into something that resembles more of a third rate, worthless currency (pending double digit inflation rate), no world respect, socialist kinda’ country.

So, let’s not just piss and moan about the snotty assed kids that are probably spittin’ on our burgers while text messaging on their cell phones and short changing us after we hand them a near worthless twenty dollar bill, lets go right to the root cause of the problem and vote for the people who won’t make it so easy for the corporate bosses to create and nurture a culture that thrives on treating the consumer with disdain while robbing them blind.

Here’s another guy that feels the same way:

online.wsj.com/public/...

Friday's Options Update: WB, ZION, BAC, MRVL, GE, KO, LEH, CLX, AAPL, FITB, IGT

...how about a Credit Default Swap update, Andy??

Oil Companies Paid More Than Bottom 75% of Taxpayers

...sorry, I mean Mark.