Email, killed the Letter. Not Uncle Sam's fault, but legacy costs did not help just like the auto industry.
On Apr 30, 7:48 pm, rigsy03 <[email protected]> wrote: > 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/Ifyouhavetrouble 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. 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