ggillin

Wall Street Breakfast: Must-Know News

There should be NO bailout money for Chrysler!!!!

There should be NO bailout money for Chrysler!!!!

Cerberus is a vulture fund that had every intention of stripping Chrysler of every penny and then bringing it back to the market and walking off with their fat billions and beating their chests while laughing there heads off at how they took the suckers money.
WELL, to bad boys, it did not work out so well for you this time, you where not as smart as you thought you where. EAT YOUR LOSSES, NO GOVERNMENT (TAXPAYER) MONEY FOR YOU!!
No money to slosh around in your fund to cover up all of your other mistakes and keep your sorry butts solvent and your pay checks fat.
Sell out or fold, your done, and I for one am going to write Dodd's office to make sure he hears it loud and clear, as we should all do.

Taxpayer dollars should not be being used to support PRIVATE VULTURE FUNDS business mistakes.
ggillin - 12-09-2008

Wall Street Breakfast: Must-Know News

There should be NO bailout money for Chrysler!!!!

There should be NO bailout money for Chrysler!!!!

Cerberus is a vulture fund that had every intention of stripping Chrysler of every penny and then bringing it back to the market and walking off with their fat billions and beating their chests while laughing there heads off at how they took the suckers money.
WELL, to bad boys, it did not work out so well for you this time, you where not as smart as you thought you where. EAT YOUR LOSSES, NO GOVERNMENT (TAXPAYER) MONEY FOR YOU!!
No money to slosh around in your fund to cover up all of your other mistakes and keep your sorry butts solvent and your pay checks fat.
Sell out or fold, your done, and I for one am going to write Dodd's office to make sure he hears it loud and clear, as we should all do.

Taxpayer dollars should not be being used to support PRIVATE VULTURE FUNDS business mistakes.
Ggillin - 12-08-2008

Default Risk of U.S. Automaker Debt: Too Big to Fail?

Aaaaakkkkk! Pa'tooiee, as a certain famous cat might say! He might have one eye closed most of the time but there is nothing wrong with the one that is open.
Why, oh why would anybody want to tie up their funds on this HY junk that almost for certain is only going to return a very few pennies on the dollar at best. All of the really secured debt that is going to be paid off is held by the banks and YOU are not going to get one penny of it, if they can help it. Buyer beware, is never more appropriate then right here in the American auto companies debt, sad to say.
The handwriting is on the wall for Ford (tbf) and for GM also if it is needed. This will be the payoff from the govt to the auto company's for sticking with ' THE HYDROCARBON FUEL TAX STRUCTURE' right down to the very last drop, now the taxpayer is going to get ripped with all of their debt after leaving all that they had at the gasoline pump. BUT WAIT, this game is not over yet, Somehow no matter who wins in November I think these boys are not going to be able to be hogs at the table because of all of the other problems and no surprise here but, a HUGE outcry from the public against their salvation.
Chrysler is done, Tata, is going to say 'tata' and walk away if they have any brains, let the German's and Cerberus eat the debt, the German's where smart enough to get out only holding 20 percent of the bag, sooner or later the others will figure this out. F, GM, you really do not have the brains, ability to innovate or sense of what the market needs and respond to it in a timely manner. What would make any debt holder think things would be any different this time around even after your govt bailout.
There is a lot of GOOD debt out there that is secure, paying a very nice interest, way above the long term norm in a stable economy. All of the debt holders that I know (including myself) like to sleep very well at night. Why turn yourself into an insomniac! for what, a few more pennies, don't be foolish!Get ready for the coming MASSIVE tax restructuring programs by the govt to begin very soon on ALL of your earnings, nothing and nobody is going to escape. The govt needs money and they are going to take it! So what's new.
[e-mail]

Ford Shareholders Face High Potential for Pain

Mr. Marquez, I only agree with a small part of your remarks here.
I agree that buying Ford common is so risky that it is a fool hearty gamble at best.
I disagree strongly with your statement advising investors to buy Ford convertible issues. It would be nothing short of a miracle if any of these issues ever payoff at 100 percent, more likely .05 to .30 cents on the dollar at best and that's only for the most senior backed issues. The realistic truth is that any issues that are going to survive and pay 100 cents on the dollar AND all due interest in arrears are all locked up by the banks and none, not even one, will trickle down to the average investor who reads this column. Only the public 'retail' dept is out there and that is going to get wiped out, or nearly so.
You wrote your article but you did not give any mention as to what issues (coupons/dates) Joe. Q. public should be looking for. Interesting. Joe. Q. public, get smart this time, STAY AWAY, let the big boys eat their own mistakes For(d) once.

Ford's Deepening Hole

Ford, GM and Chrysler have been in collusion with the US govt to keep the hydrocarbon tax structure alive and kicking for to long. All of the foreign competitors have never been bound to this policy in the worlds biggest market and so they have been eating F, G, an C's lunch (sales) for forty plus years and now the chickens have come home to roost. The govt long ago abandoned the big three when it became impossible to drill for oil, build a pipeline, refinery, gas storage facility, wind or tidal turbines, nuclear
reactor or anything else needed for energy production. Not in my backyard is the hue and cry of America today. The General got it right when he said that we are a bunch of whiners and may I add spoiled brat, gutless cry babies. I'm not the general and I do not have to be politically correct and condescending. All of you who oppose anything and everything stand up and take a bow because you are Americas biggest problem, you and the gutless pols who are your allies. Look what we have got from you, nothing and thats all we will ever get from you is nothing. Chrysler is dead, their future is nil, they are out of money and they will not be getting anymore. Every Chrysler product ever made is destined to be catching a sun tan in the nations auto junk yards except for a few saved by collectors. No one with even a modicum of a brain wants to keep more brands in an auto manufacturing market that is already over crowded and destined to become even more so. Ford, welcome to bankruptcy, most bond holders, all preferred holders and common stock holders, stick a fork in your butt, your done, kiss your investments good by. Everybody in the know has already bailed out if they could have, only speculative money is out there now and that's soon to vanish. Ford will survive because of old line American money and a govt bailout but the price is going to be high, very, very, high and the Ford family and Foundation will no longer own a controlling stake in anything. This American dynasty is coming to an end. Sad to say, because this writer has always been a 'Ford man'. The 1956 Ford Fairlane 500, (my all time favorite car) and all of those big beautiful Lincoln's that I loved and drove for so long (over 30+ years) are gone until the govt can force the hydrocarbon fuel tax structure into the fuel cell mix. What this means is that 'you' can not make your own fuel, a fairly simple thing to do. GM, you gutless coward, you deserve everything that is happening to you. You are the dumbest corporation in modern day history with a management team that can claim the all time DIMWITS title, uncontested throughout the world, GM, you win hands down, no one is even close. You refuse to build a quality small car and you have refused to build an electric car for years even while the govt was selling you out. You have destroyed billions of investors dollars and the lives of millions of workers. You do not deserve to survive but you will. The same is true for GM investors as for Fords, kiss your money good by if your dumb enough to stick around for this fiasco with this dimwit management. Do you think GM is safe in China, South America or Russia? who are you kidding, the Chinese do not need GM, in ten years you will not be able to find GM in China even if you look under every brick in the GREAT WALL , every auto company in the world can eat GM's lunch and these other country's/nations will be no exception. GM, bend over, the boot in your butt is coming in a big way. Someday a miracle of miracles will happen and GM will build a car that the American public actually wants and the cycle will begin again but for us middle aged investors, we will never live to see it, even with ten more modern miracles of medicine. Did anyone see “Who killed the electric car?” why it was GM, Ford and the US Govt. Why? Because of the 'hydrocarbon fuel tax structure' no other reason, certainly not all of the govt and manufacturer's poo that they have tried to bury us with all of these years. Today the hybrid is a reality, tomorrow (2010, if not sooner) the all electric car will arrive on America's roads. (the worlds roads, in reality) Get ready, a MASSIVE TAX OVER HAUL around the world is on the way and it is not going to be a pretty picture. The socialized country's are going to see the huge hand of govt on their paychecks (and I mean HUGE) and American's are going to see a 25 percent plus bite minimum for everybody. GM, Ford survive, Chrysler get your suntan lotion ready, your gonna need it.