rffrydr

Ignore Detroit's Bondholders' Whines

Jeep gets 500million/year in licensing toys--which, thank god, it's not responsible for producing. GM has 14billion in cash; 20 last summer when its pension fund, probably the largest in the US, was fully paid up....that's just where it starts. 5 cents on dollar; 50cents secured is just a ticket to start the looting.

It's called distressed investing and owning a bond is also owning that right. Yeah, there's alot of debtholders whining about being treated "fairly." Eff "fairly" we'll just take the stuff and leave. UAW negotiating with itself! That could be a tv show!

GM Restructures Debt to Avoid Bankruptcy

"Agree completely with JustPrintMoreMoney. I am so weary of Wall Street experts offering up their "wisdom" on the auto industry. This crowd of greedy, self-centered "masters of the universe" have almost single-handedly brought the global economy to brink of collapse. All they are capable of is creating and churning worthless financial instruments, raping 401K's, and creating Ponzi schemes. Yet, they know all about the complexities of the auto industry. Why don't all of you Manhattanites just drive out to the Hamptons this weekend and directly into the Long Island Sound?"

--If we all drove audis no-one would drive audis.

Let's Buy Detroit Outright

AIG is a paper house; GM anything but. You sure you really want to own all that? It's heavy....heavier than your cement blocks way back when.

Yeah, it'd be great if we could make cars like we make ipods. Get real, my man. You're right--way to much time in blogosphere.