jod

Bankruptcy Lets Capitalism Run Its Course

Seems more like organized crime to me.


On Apr 06 06:41 PM jod wrote:

> I read yesterday that the GM bonds are probably mostly covered by
> cds's and blind cds's. The 28 billion in bonds is estimated to be
> insured for at least 100 billion. A good portion of these are insured
> thru AIG and guaranteed by the government. The major bond holders
> are all pushing for Bankruptcy so they can collect 100 percent of
> the bond. .Thats capitalism to pay out over a 100 billion and bankrupt
> a company. All Gm's union workers together make less than 4 Billion
> a year. If GM goes bankrupt and screws the union out of a billion
> a year and the Government pays like 50 billion for the CDS's AIG
> holds how does that make common sense. The whole system seems backwards
> to me.

Bankruptcy Lets Capitalism Run Its Course

I read yesterday that the GM bonds are probably mostly covered by cds's and blind cds's. The 28 billion in bonds is estimated to be insured for at least 100 billion. A good portion of these are insured thru AIG and guaranteed by the government. The major bond holders are all pushing for Bankruptcy so they can collect 100 percent of the bond. .Thats capitalism to pay out over a 100 billion and bankrupt a company. All Gm's union workers together make less than 4 Billion a year. If GM goes bankrupt and screws the union out of a billion a year and the Government pays like 50 billion for the CDS's AIG holds how does that make common sense. The whole system seems backwards to me.

GM: Natural Death or Suicide?

No wonder Yahoo is going out of Business

GM: Natural Death or Suicide?

"Seeking Alpha is the premier financial website for actionable stock market opinion and analysis. We handpick articles from the world's top market blogs, money managers, financial experts and investment newsletters - publishing approximately 175 articles daily"



And then post them on Yahoo to go after GM

GM: Natural Death or Suicide?

Why does Alpha post up to 10 articles about GM a day 9.5 of which are negative and all appear on the yahoo gm stock site. Are they trying to kill GM all on their own. Is alpha owned by Senator Shelby or Toyota or something. Nobody hits GM harder. Why.

GM: Natural Death or Suicide?

It seems they should substitute USA instead of GM in this story name that's who they're really after.

$10 an Hour Pay Gap = Billions of Extra Dollars a Year

If Americans supported their own companies that cost disadvantage would be eaten up by a larger market share from our companies. Does Japan offer the Big 3 the ability to produce cars in Japan for less than it cost them to make them their. Their legacy cost in Japan are very high. Japans citizens support their own companies and don't buy foreign cars. Their whole society subverts foreign competition in many ways. It doesn't have websites promoting foreign cars and subverting their own listed under the Toyota and Honda yahoo japan web pages now do they. I can't even go to Yahoo Japan for some reason. I figured I'd use google translate and see the difference. Can't even go there.

Let the Detroit Automakers Fail

If they go bankrupt and close a bunch of dealers we will amplify the problem that started the foreign auto sales in this country. Years ago the gov made GM let the franchise dealers sell foreign autos. Europe did not. The foreign companies will buy up the leases on the closed dealers and create a presence in the smaller markets for basically free. The Town I work in would lose its GM dealer for sure and a Toyota or Honda dealer would surely take the lot. Then if you wanted to get your GM car worked on you would have to drive to a different city to get warranty work. Their wouldn't be I reason not to buy a foreign brand anymore in our city. The news channels have beat up our companies so bad these past months its like a 24 hour a day Toyota and Honda commercial. So much for changing the preception about of own autos against the foreigns.

Tough Love for Detroit Is Long Overdue

The truth at last


www.forbes.com/2008/11...

Congress Offers Big Three Automakers Help, Makes Demands in Exchange

At Last Honesty !!!



www.forbes.com/2008/11...

Let GM Fail

At Last Honesty

www.forbes.com/2008/11...

Let GM Fail

It seems seeking alpha and Yahoo are trying to bring down GM on their own. Anyone notice its all negative articles.

Let GM Fail

It seems seeking alpha is trying to bring down GM on their own. Anyone notice its all negative articles.

Let GM Fail

If they fail the gov is on the hook for the pensions. 7 Billion a year. I don't see how loaning them 7 billion could hurt. 100 years and this is the first bailout and everyones wants to kill them. If we get in a real war (In WW2 Gm was called on to help out greatly) I guess Toyota will let us use their plants ;-(
Someone better start fighting for America.

The Failure to Admit Failure

The government might as well take over the pensions and take the stock in exchange to avoid bankruptcy. When GM goes bankrupt they will be left with the pensions and no stock.


On Nov 10 09:43 PM jod1921 wrote:

> How would the foriegn automakers be doing if they had to pay out
> over 10 billion a year to retirees. Gm has 70000 employees and 350000
> retires and surviving spouses. 5 to 1 retirees to workers. Sorry
> about the spelling errors. I was in a hurry and pissed !!!!!!! Stick
> up for AMERICA