here Gaar, Let ME help YOU........ Chryslers hard assets were worth more than the loan starting with 700 million in autos (with 20% discounted) not to mention the marine division, the 15% share of a very healthy Peugot, military Tank contracts, and lots of land and buildings and equipment all put up as the guarantee from the Government.....
tell me what hard collateral (auction in one month of failure) the banks have for collateral other than the BAD PAPER that put them in this position?? they do not have the sellable assets to assure anything. Only an idiot would even TRY to compare the two scenarios....... On Sep 19, 2:47 pm, Gaar <[EMAIL PROTECTED]> wrote: > Here Mark, let me help... > > http://www.assmotax.org/format_text.php?file_name=/assmotax/Releases/... > > ...One key condition, though, is simple and essential: If the American > public shares in the cost and risk, it should share in gains as well. > As a key part of the Chrysler rescue, the government received > "warrants" -- essentially stock options -- that gave taxpayers a > healthy payoff once Chrysler recovered. This made sense then, despite > charges of rank socialism, and something similar makes sense now. > > On Sep 19, 1:35 pm, "Mark Kahle" <[EMAIL PROTECTED]> wrote: > > > > > If so where is the money?? where is the "stock benefit"?? Chrysler was > > "loaned" the money and did pay it back at less than market interest, > > so where was the money made?? Selling that same amount in T-Bills > > would have "made" more than the loan to Chrysler which was "saved" by > > Americans only to be sold to foreign corporations.......... > > > YEAH!!!!!!!!!!!!! great system. Lets do it again!!!!!!!!!!!!!! > > > reminds me of arming foreign governments just in time for them to turn > > on the US. > > > but let us NOT digress..... Where, based on the capitalist system is > > MY benefit for giving these failed, mismanaged corporations more money > > simply to pay off the people (stockholders) THAT DID NOT HAVE THE > > SENSE TO CONTROL THEIR INTERESTS TO BEGIN WITH?? > > > and no "I Don't Say" it IS what it IS. > > > Are you not a republican?? In favor of SMALLER Government and in favor > > of LESS regulation?? > > > Now you want ME to bail out people and businesses that have PROVEN > > themselves incapable??? > > > IS this capitalism?? IT IS NOT!!!!!!!!!! especially by YOUR > > definitions and opinions posted here MANY times. > > > Your support of this IS Hypocritical. > > > On 9/19/08, Gaar <[EMAIL PROTECTED]> wrote: > > > > On Sep 19, 1:08 pm, "Mark Kahle" <[EMAIL PROTECTED]> wrote: > > > > the bailout will cost the american taxpayer one TRILLION dollars... > > > > whether it works or not. > > > > So you say... > > > > And yet you don't seem to understand just how much the Government will > > > "own". > > > > People said the same shit about the Chrysler Bail-Out, many, many > > > Moons ago... > > > > And yet, the Government MADE MONEY on that Deal. > > > > Imagine that. > > > -- > > Mark M. Kahle > > Blessed are the bewildered for they don't know the difference.... Me- Hide > > quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
