No Thread about Chrysler and the Evil Speculators?

#1
volinbham

volinbham

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#1
I'm shocked!

Obama declared war on investors yesterday. His disdain for senior creditors who didn't yield to his will was frightening. Most of the creditors were TARPers so they had no choice but those bastard independent senior debt holders didn't agree to the terms. I don't remember him calling out Gettlefinger and the UAW when the Corker plan had all but the union agreeing to a GM restructuring plan prior to his reign.

Why would anyone invest in anything the government had the slightest chance of being involved with? Apparently BO read a few chapters of the book Hugo gave him.
 
#2
#2
What else is there'd to say? Anyone looking objectively knows full well that he's a pure socialist, LGs silliness about obstructionist Rs in Congress notwithstanding.
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#3
#3
I thought it was shameful how Obama called out these people and then threatened to bring the full force of the government down on them.

If GWB had done something like this, oh how the left would have blathered.
 
#4
#4
MG1968 said:
I thought it was shameful how Obama called out these people and then threatened to bring the full force of the government down on them.

If GWB had done something like this, oh how the left would have blathered.
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no other president, save FDR, would have even given this stupidity a second thought. The fact that Amwricans aren't up in arms tells me we're wholly stupid or simply resigned to our fate with this clown.
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#5
#5
Like I said, I am enjoying this in a small way. Obama can get anything he wants, he will have to fully own the results. I'd like to see how he is going to get anyone to buy any cars from these companies. Except for government purchases, these will be stacked with GM & Chrysler models.
 
#6
#6
allvol123 said:
Like I said, I am enjoying this in a small way. Obama can get anything he wants, he will have to fully own the results. I'd like to see how he is going to get anyone to buy any cars from these companies. Except for government purchases, these will be stacked with GM & Chrysler models.
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He can fire the CEOs, but how's he gonna feel when he finds out he can't fire his lazy ass tire putter onner who's too stoned to get it done.
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#7
#7
It's all about who you are and your influence. Didn't the Wachovia stock holders get royally screwed when that bank went belly up. I'm sure if Gaither had a large stake it would have been a different story.
 
#8
#8
oklavol said:
It's all about who you are and your influence. Didn't the Wachovia stock holders get royally screwed when that bank went belly up. I'm sure if Gaither had a large stake it would have been a different story.
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Equity holders are behind the sr. Debt holders in the capital stack. ESOPs and employees aren't anywhere to be found in the dissolution of a company and disposition of it's assets.
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#9
#9
BigPapaVol said:
He can fire the CEOs, but how's he gonna feel when he finds out he can't fire his lazy ass tire putter onner who's too stoned to get it done.
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Exactly. On top of that, where is he going to get the managers, engineers, designers, etc to build these competitive cars? I cannot imagine the chaos going on at these places and I bet it will get worse. Employees at all levels need to feel pressure to some degree in order to perform. There is none here. The government will keep you alive, apathy will spread faster than swine flu at a Mexico City brothel.
 
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BigPapaVol said:
Equity holders are behind the sr. Debt holders in the capital stack. ESOPs and employees aren't anywhere to be found in the dissolution of a company and disposition of it's assets.
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I was referring to a govt bailout of the bank, that would have allowed the stockholder to keep their stock. They went from having 33.9 billion in stock to zero almost overnight.
 
#11
#11
No comments about the allegations that Obama threatened to use his press corps to go after those not willing to play ball? I don't know exactly how it happened but it sure looks to me like Obama willing to go after people to get his way.
 
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#12
KB5252 said:
No comments about the allegations that Obama threatened to use his press corps to go after those not willing to play ball? I don't know exactly how it happened but it sure looks to me like Obama willing to go after people to get his way.
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chicago politics at it's finest. hussein is a cold individual. i'm waiting to hear about him talking to his staff while plucking the feathers from a live chicken.
 
#13
#13
BigPapaVol said:
Equity holders are behind the sr. Debt holders in the capital stack. ESOPs and employees aren't anywhere to be found in the dissolution of a company and disposition of it's assets.
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bingo. obama's trying to forgo 100 years of US bankruptcy law and is basically ensuring no private capital will ever invest in a) a unionized company and b) a company with tarp money, yet NO ONE IS TALKING ABOUT IT. Can you imagine if bush handed a bankrupt chevron or exxon or something to the executives how up in arms the media would be?
 
#14
#14
volinbham said:
I'm shocked!

Obama declared war on investors yesterday. His disdain for senior creditors who didn't yield to his will was frightening. Most of the creditors were TARPers so they had no choice but those bastard independent senior debt holders didn't agree to the terms. I don't remember him calling out Gettlefinger and the UAW when the Corker plan had all but the union agreeing to a GM restructuring plan prior to his reign.

Why would anyone invest in anything the government had the slightest chance of being involved with? Apparently BO read a few chapters of the book Hugo gave him.
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i think i talked about what i'm about to say in another thread but here it goes. i've only owned GM products(all gmc). which include '95 jimmy, '97 sierra, '00 sierra, and now a '08 sierra. now that obama has his hand in GM i will NEVER buy another GM product while the govt is involved w/ them. Same goes for Chrysler. so pretty much that leaves me w/ ford or going foreign. i'll go w/ ford first bc its American. now if the govt gets in w/ Ford i'll go foreign. i will not support the govt doing this in any way.
 
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#15
As a design/systems/production engineer, with a masters in engineering management and applied mathematics...I would never, ever go work for one of these companies.

I hope the (now solid) unionized big three have luck getting white collar talent in to run the company and design products. This will be a place where designers go to die when they can't find anything else.
 
#16
#16
It seems as though the world of academia (along with their business and social theories) has once again found its voice. Just remember we are still solving the financial issues of the Braintrust "solutions" from the first time around.
 
#17
#17
This is unbelievable.

Just three days ago, No Quarter, a handful of blogs and a thimbleful of major media caught on to the Chrysler holdout firms’ attorney, Tom Lauria, and his accusations that Obama’s auto czar, Steven Rattner, threatened to destroy P-W’s reputation if they continued to oppose the government orchestrated sell out of Chrysler to Fiat SpA.


In a follow-up interview with ABC News’s Jake Tapper, [Lauria] identified Mr. Rattner, the head of the auto task force, as having told a Perella Weinberg official that the White House “would embarrass the firm.”

http://www.noquarterusa.net/blog/2009/05/05/is-obama%E2%80%99s-auto-czar-using-blackmail-on-perella-weinbergxerion/
 
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#18
#18
rjd970 said:
As a design/systems/production engineer, with a masters in engineering management and applied mathematics...I would never, ever go work for one of these companies.

I hope the (now solid) unionized big three have luck getting white collar talent in to run the company and design products. This will be a place where designers go to die when they can't find anything else.
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You do work for NASA, I knew it!

So you are the one who spent a billion dollars on the study of jello in space!

You jerk!

:banghead2:
 
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#19
rjd970 said:
As a design/systems/production engineer, with a masters in engineering management and applied mathematics...I would never, ever go work for one of these companies.

I hope the (now solid) unionized big three have luck getting white collar talent in to run the company and design products. This will be a place where designers go to die when they can't find anything else.
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Wow, sounds like you can comprehend math. According to Obama, I would have pegged you as a derivatives trader.
 
#20
#20
Wall $treet Folly: Another must read from the Chrysler bankruptcy filings - The Non-Tarp Lenders' request to have their identities filed under seal as a result of death threats resulting from the Obama regime's "propaganda"

17. As a result of this anger, the Chrysler Non-TARP Lenders are afraid, and with good reason. In the last week, the Chrysler Non-TARP Lenders targeted by the President received various threats, including dozens of death threats directed to their employees. As a result of these scare tactics, certain members were forced to withdraw from the group of Chrysler Non-TARP Lenders and agreed to the government’s plan.

18. Given the hostile climate caused by the government’s publicity campaign,a number of the Chrysler Non-TARP Lenders desire to object to certain aspects of the Debtors’ government-sponsored reorganization, but cannot do so if that means being subjected to heavy handed tactics that will threaten their business and safety.

This bankruptcy case could get interesting if the judge follows the law and the bondholders don't roll over (if there is even descent media coverage of it)
 
#21
#21
So with the dear leader and his union minions taking over automakers, will we soon get to wait 12 years to have our very own Trabbi's?
 
#22
#22
vols4sure said:
Wall $treet Folly: Another must read from the Chrysler bankruptcy filings - The Non-Tarp Lenders' request to have their identities filed under seal as a result of death threats resulting from the Obama regime's "propaganda"

17. As a result of this anger, the Chrysler Non-TARP Lenders are afraid, and with good reason. In the last week, the Chrysler Non-TARP Lenders targeted by the President received various threats, including dozens of death threats directed to their employees. As a result of these scare tactics, certain members were forced to withdraw from the group of Chrysler Non-TARP Lenders and agreed to the government’s plan.

18. Given the hostile climate caused by the government’s publicity campaign,a number of the Chrysler Non-TARP Lenders desire to object to certain aspects of the Debtors’ government-sponsored reorganization, but cannot do so if that means being subjected to heavy handed tactics that will threaten their business and safety.

This bankruptcy case could get interesting if the judge follows the law and the bondholders don't roll over (if there is even descent media coverage of it)
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If I'm a non Tarp lender and hold my ground, I had better be prepared by the FDIC anal probe with a light pole. Interestingly, the write-off of this credit could be the one that forces more of these lenders toward the TARP money.

This lone issue should see the new Chairman ushered from DC in 4 years.
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