andruomail

Trading the GM Bankruptcy

The guy above has a good point -- if they sell all their assets in bankruptcy, how will the new GM have anything to work with? Is there a bankruptcy provision to cancel out debts without crippling a new company, and if so won't that cut down on the return on these old bonds? Or am I confused between the two scenarios with GM avoiding bankruptcy and issuing new shares, vs. bankruptcy and bond holders getting cash.

Credit Default Swaps May Be Playing a Supporting Role in Chrysler Bankruptcy Filings

A classic description from an odd point of view!


On Apr 30 09:18 PM danf wrote:

> Lots on sensitive feelings on display about calling our president
> names. He is however just a man and not particualarly crucial to
> the survival of our society. I recall much worse names being hurled
> at Bush 1 and 2. And I clearly remember the glee of the media in
> showing the shoe being thrown at the president. I personally refer
> to the president as Princess Obama.
>
> The unfortunate thing is that the consequences of whatever Ob does
> now wont show up for 5 or 7 years. So OB will take credit for the
> recovery that would come along naturally and will be out of office
> when the consequences of what he does now manifest themselves in
> the future.
>
> My own take is that the article is spot on. The unions are the favored
> constiuency of the government. It would be better for the economy
> if chrysler were liquidated rather than have the company run for
> the benefit of the UAW and the administration. Such a liquidation
> might inject some reality into the greater economy.
>
> When the means of production are nominally in private hands, but
> the enterprise is run to benefit the interests of the state - we
> have a classic description of National Socialism in Germany 1933
> - 45

Buy a GM Car, Get 50 Shares Free?!

They really messed up with that planned obsolescence thing ~20 years ago... very sad as I hear their quality is much better now. Not that I took one for a test drive myself when buying a car a while ago.

Buy a GM Car, Get 50 Shares Free?!

They really messed up with that planned obsolescence thing ~20 years ago... very sad as I hear their quality is much better now. Not that I took one for a test drive myself when buying a car a while ago.