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

Wall Street Breakfast: Must-Know News

The govt. pushes Chrysler and all of it's legacy costs down GM's throat just to keep the 'HYDROCARBON FUEL TAX STRUCTURE' alive and going to the last drop in a losing game.

GM needs Chrysler and all of it's legacy costs like a driver needs four flat tire's, they already have enough tax loss carry forwards to protect any hoped for perceived profits (ha ha) for the next two hundred years!

Profits? Did I say profits, I must be getting delusional, nobody makes any profits if they make products nobody wants except the govt, which only wants that 'fuel tax dollar' hence the payoff of tax payer billions.

Cerberus gets a free bailout on the tax payers dollar for making a greedy, stupid, wrong investment decision. A 'get out of jail' free card, if you know the right pol's. This is nothing short of a huge crime!

The tax payers get stuck with this first 25 billion with many more billions to follow under the phony guise of retooling for the coming electric car.

Once again other car manufacturer's will eat Detroit's lunch by giving the world the car's the public needs and demands.

Read these these words well, this game is coming to a fast end.

All of the American auto manufacturers are going bankrupt, got that BANKRUPT!!!!!!! and if you have anything in the form of their securities you the 'little guy' are going to lose everything. The govt is just sucking you in before they take everything and that includes YOU the auto worker, you can kiss it all good-by, securities, pension's - GONE!

The American people and the pol's don't have the gut's to do the right thing, so the wrong thing is done until the house of cards collapses.

However 99% of the time, unwittingly the right thing is done by someone in the market place by the process of manufacturer/seller/bu...

The only question remaining is, when is the U.S.A. going to do the right thing! Is it going to be only after all is lost? Why? to what end, for what purpose?

LORD, help us please, because we are way to dumb to help our self's otherwise, how could anybody lose a combined market share of 99.98%.

Wall Street Breakfast: Must-Know News

GM, Chrysler! WHAT! WHAT!! WHAT!!! WHY?!!!! is GM totally crazy?
Chrysler has been shopped around the world and nobody wants them so, along comes the worlds dumbest auto company with it's tongue hanging out like a little puppy. Hello bankruptcy GM! In an over crowded world of auto manufactures Chrysler did not make it. Good-by!!! The U.S. Govt. and taxpayers do not need to go through this story again. If you own a Chrysler product start putting suntan lotion on it because it's on it way to the junk yard to sunbath. No doubt about it.

Maybe the army could buy them and use their plants to build their own vehicles with the very soldiers who will be operating them in combat. Now those will be very well trained mechanics/soldiers and auto engineers and there will be no legacy costs involved. This is a better idea than any bailout money that will be spent, wasted and lost.

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.