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  • Wall Street Breakfast: Must-Know News [View article]
    $15 BILLION HANDOFF:
    Auto makers get their lifeline from Republicans to Democratic administrations. Pure politics folks..........nothing more! Bush agrees so there is NO CH 11 on his watch..........His history has enough negatives?

    Cash burn will change little in the current drafts, unless the Jobs Bank is dismantled NOW, 2010 UAW agreement implemented NOW, Debt-to-Equity swap NOW, Unfunded liabilities swapped to 50% equity NOW, Plant closures W/O Job Buyouts AGREED NOW, Dealerships closed en masse W/O PENALTIES NOW, White collar salary REDUCTION 25% NOW, SG&A CUT 20% NOW, etc, etc................

    Get my drift????? I guess the Congress & Bush Administration believe that if they could PULL-THE-TARP over taxpayers, an Auto Bailout Bridge "TO NOWHERE" will be a slam dunk!!!!!!!!!!

    IMHO
    Dec 09 08:34 am |Rating: +1 0 |Link to Comment
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