They did. And if the federal government cannot manage the postal system, etc, why do we think their interference with the automobile industry will be a winner? And the bond holders who are now losers. Who wishes to invest?
On Apr 30, 6:21 pm, dick thompson <[email protected]> wrote: > The unions should give back a lot. They had a lot to do with the > problems of the auto companies anyway. > > > > VT VirtualTruth wrote: > > Actually the Hedge funds bought insurance on the bonds in case > > of bankruptcy. So they are protected. > > > Everyone else BUT the Hedge funds took a cut and the Unions > > gave back a lot in exchange for a reward IF Chysler pulls through. > > > It is called incentive. > > > Dick your name is appropriate. > > > On Apr 30, 7:00 pm, dick thompson <[email protected]> wrote: > > >> Between the unions and the hedge funds who own a lot of the paper on > >> these auto companies Bambi might just have some problems. Last I read > >> he was trying to get the hedge fund people to take 29% on the > >> investments. The problem with that is that the people who provide the > >> capital the hedge funds invested are precisely the people Bambi needs to > >> invest in all his make-work fantasies. > > >> VT VirtualTruth wrote: > > >>> The problem is a mirror image to the bank bailout when the financial > >>> institutions > >>> got bailout money from the Treasury with no strings attached and used > >>> the money to pay the unearned bonuses to the idiots who bankrupted > >>> the > >>> financial institution. Bush did nothing to stop this. > > >>> Obama will not allow the same thing to happen with the Auto Bailout. > >>> He will > >>> not allow the > > >>> On Apr 30, 5:01 pm, dick thompson <[email protected]> wrote: > > >>>> Love the one about does the US even need an auto industry - can't you > >>>> just see the UAW on that subject!! > > >>>> [ Attached Message ]From:NYTimes.com > >>>> <[email protected]>To:[email protected]:Thu, 30 Apr 2009 > >>>> 16:39:14 -0400Local:Thurs, Apr 30 2009 4:39 pmSubject:Afternoon Update: > >>>> 'Surgical' Bankruptcy Is Set for ChryslerTo view the latest headlines on > >>>> your mobile device, go tohttp://m.nytimes.com/Ifyouhave trouble reading > >>>> this e-mail, go tohttp://www.nytimes.com/afternoonupdateThursday, April > >>>> 30, 2009 > >>>> Compiled 4 PM E.T. TOP STORIESAdvertisement‘Surgical’ Bankruptcy Is > >>>> Set for Chrysler > >>>> By MICHELINE MAYNARD > >>>> The U.S. will provide financing during the bankruptcy proceeding, which > >>>> President Obama said would be “quick, official and controlled.”A Primer > >>>> on a Chrysler Bankruptcy > >>>> By MICHELINE MAYNARD > >>>> How the first bankruptcy for a major automaker since Studebaker in 1933 > >>>> is likely to play out.ROOM FOR DEBATEDoes the U.S. Need an Auto Industry? > >>>> By THE EDITORS > >>>> Many industries have moved to other countries. Robert Reich and others > >>>> on whether the car industry is different.Fort Worth Closes Its Schools > >>>> as Swine Flu Spreads in U.S. > >>>> By LIZ ROBBINS > >>>> As the number of confirmed cases in the U.S. rose to 109, Fort Worth > >>>> became the nation’s first major city school district to close.No Racial > >>>> Gap Seen in ’08 Vote Turnout > >>>> By SAM ROBERTS > >>>> The historic gap between blacks and whites in voter participation > >>>> evaporated in last year’s presidential race, according to an analysis > >>>> released today.•NYTimes.com HomepageBack to TopBUSINESSOPINIONSlide > >>>> Show: Chrysler > >>>> A visual history, from the 1924 Chrysler Six to the 1968 Plymouth Road > >>>> Runner to the bankruptcy announcement today.A Turning Point for Voting > >>>> Rights > >>>> Has race discrimination in voting changed so sufficiently that we no > >>>> longer need a central piece of the Voting Rights Act?BUSINESSABC Will > >>>> Add Its Shows to the Video Site Hulu > >>>> By BRIAN STELTER > >>>> ABC announced it would join NBC and the News Corporation as a partner in > >>>> the joint venture with Hulu, the popular video Web site.Stocks Give Up > >>>> Early Gains > >>>> By JACK HEALY > >>>> Wall Street slouched toward neutral territory as investors weighed how > >>>> Chrysler’s bankruptcy filing would ripple through the financial > >>>> system.Consumer Spending Slipped in March > >>>> By JACK HEALY > >>>> The consumer spending and income growth data indicate that the economy > >>>> is still struggling to emerge from the recession.Lower Oil Prices Trim > >>>> Exxon’s Profit > >>>> By JAD MOUAWAD > >>>> Exxon’s first-quarter net income fell 58 percent to $4.55 billion as oil > >>>> prices plummeted and the company increased spending as it tries to > >>>> expand production.Senate Rejects Judicial Power to Lower Home Payments > >>>> By REUTERS > >>>> The Senate rejected an amendment that would have granted bankruptcy > >>>> judges the power ease a homeowners’s monthly payments and save them from > >>>> foreclosure.•More Business NewsBack to Top About This E-Mail > >>>> You received these headlines because you are subscribed to Afternoon > >>>> Update from NYTimes.com. As a member of the BBBOnline Privacy Program > >>>> and the TRUSTe privacy program, we are committed to protecting your > >>>> privacy.Manage My Subscriptions | Unsubscribe | Change Your E-Mail | > >>>> PrivacyPolicy | How to Advertise > >>>> Please include the following ID number when writing > >>>> [email protected] that we can track any reports of problems: > >>>> 56196617Copyright 2009|The New York Times Company|Privacy > >>>> Policy|NYTimes.com 620 Eighth Avenue New York, NY 10018- 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. -~----------~----~----~----~------~----~------~--~---
