PhreeZone 20 #1 April 30, 2009 http://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/index.htm Chrysler files today, GM is expected to in the next few weeks at most. I wonder how long it will be if ever until the 15.4 billion dollars is repaid.Yesterday is history And tomorrow is a mystery Parachutemanuals.com Quote Share this post Link to post Share on other sites
jtnesbitt 0 #2 April 30, 2009 Everyone knew that money was never going to be repaid."If this post needs to be moderated I would prefer it to be completly removed and not edited and butchered into a disney movie" - DorkZone Hero Quote Share this post Link to post Share on other sites
piper17 1 #3 April 30, 2009 Repaid? Surely, you jest. Obama and the Dems are going to give Chysler ANOTHER $8.2 billion....more money into a black hole, never to be seen again by the taxpayers of the country."A man can never have too much red wine, too many books, or too much ammunition"...Rudyard Kipling Quote Share this post Link to post Share on other sites
Thanatos340 1 #4 April 30, 2009 A Sad Day. Piss Poor Management for Decades, Overpaid executives with their heads up their ass for so long, Ridiculous Union Demands and even more Ridiculous Corporate executives that agreed to them. I wish in some ways they would go under completely so that a healthy viable company could step up and fill the void (If there really is a Void) in the market place. I do feel sorry for those that will loose part of their pensions. Quote Share this post Link to post Share on other sites
rwieder 0 #5 April 30, 2009 I wonder if this means they won't be able to hire debt collectors that can barely speak english? A lot of personal that i have worked with in the past have fallen on hard times and they tell me the people who call them relentlessy can't even speak english very well. They call them busting their chops about late vehichle payments. They have got some nerve. -Richard- "You're Holding The Rope And I'm Taking The Fall" Quote Share this post Link to post Share on other sites
funjumper101 15 #6 April 30, 2009 The "banks too big to fail" got hundreds of billions in TARP funds, unlikely to be repaid, with few strings attached. Not a lot of whining from the righties about that. Their guys set it up and pulled it off, so not a lot to say. Hmmm. Banks don't actually make anything. They push electrons and paper around. The car companies actually make a product from raw materials, and sell the results. Manufacturing. They actually make stuff. They buy lots of parts from suppliers. Those suppliers are the creditors that will be burned in the bankruptcy. The righties have pitched a bitch about tens of billions that would be paid back. Serious strings would be attached to the money. Unlike banks, car companies have actual assets, like buildings and machinery, for collateral. This should have been an easy thing to pull off. The righties have won their first "victory" in the economic war. Banks were saved, while car companies are expendable. You all should be very proud of yourselves. Thanks for making the economic crisis worse, and longer than it would have been. Great work. It must be time for another tax cut for the wealthy. That is always a good plan. Especiallly when you are conducting a premeditated war of agression, followed by an occupation, with a dash of nation building thrown in for good measure. That kind of work doesn't take any extra money at all. Quote Share this post Link to post Share on other sites
TomAiello 26 #7 April 30, 2009 QuoteThe "banks too big to fail" got hundreds of billions in TARP funds, unlikely to be repaid, with few strings attached. Not a lot of whining from the righties about that. I'm curious what your definition of "righties" is? Can you elaborate?-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
DougH 270 #8 April 30, 2009 Quote Banks don't actually make anything. They push electrons and paper around. Banks make money. Just because you can't hold a entry in an electronic ledger in your hands doesn't make it unreal. The banks are also far more likely to repay the money, even though I wish they never received in the first place."The restraining order says you're only allowed to touch me in freefall" =P Quote Share this post Link to post Share on other sites
billvon 3,008 #9 April 30, 2009 >Banks don't actually make anything. They push electrons and paper >around. So do most of the companies in the US nowadays. Heck, Microsoft just pushes electrons (and some paper) around - and they're doing pretty well. Quote Share this post Link to post Share on other sites
Thanatos340 1 #10 April 30, 2009 Not sure who you are referring too. I personally thought we should have let them fall too. I don't think Government has any business propping up ANY business unless it is about national security. the banks screwed themselves with Greed and bad business practices. When it blew up in their face, They should have paid the price and went out of business. I have NO sympathy for the Banks at all. I do have some sympathy for the Auto Makers because I realize that it was MANAGEMENT that screwed them so bad. Now let them Die and let a newer stronger, Better managed company take their place. Funny I see this as the Liberals are winning the economic war. The Government now owns Part of the Banks and most of one of the Automakers. Nationalizing the Banks and Automakers sounds like a huge Step towards socialism to me. Quote Share this post Link to post Share on other sites
Halfpastniner 0 #11 April 30, 2009 Quote The "banks too big to fail" got hundreds of billions in TARP funds, unlikely to be repaid, with few strings attached. Not a lot of whining from the righties about that. Your right. Us righties wanted to give control of the banks to the government (which we really dont control very much of anyway)BASE 1384 Quote Share this post Link to post Share on other sites
BillyVance 34 #12 April 30, 2009 I was just thinking... I have never been in a union, but as far as management screwing up in the automakers field, I would say that they bent over way too much and let the unions have their way time and time again. Not to say unions are a bad thing, but they are bad when they abuse their power. I think Ronald Reagan had the right idea when he fired all of the unionized ATC personnel when they went on strike. Then again, ATC is a government agency right? I dunno..."Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban Quote Share this post Link to post Share on other sites
rushmc 23 #13 April 30, 2009 Quotehttp://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/index.htm Chrysler files today, GM is expected to in the next few weeks at most. I wonder how long it will be if ever until the 15.4 billion dollars is repaid. Soon the union will own two of the three. Gotta be a good thing, right?"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
rushmc 23 #14 April 30, 2009 QuoteA Sad Day. Piss Poor Management for Decades, Overpaid executives with their heads up their ass for so long, Ridiculous Union Demands and even more Ridiculous Corporate executives that agreed to them. I wish in some ways they would go under completely so that a healthy viable company could step up and fill the void (If there really is a Void) in the market place. I do feel sorry for those that will loose part of their pensions. Dont forget government overregulation on safety and fuel economy. Although some here see that as a good thing. And they will also say I want poluters, gas hogs and no safety, which will be a cop out on their part....."America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
TomAiello 26 #15 April 30, 2009 QuoteQuotehttp://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/index.htm Chrysler files today, GM is expected to in the next few weeks at most. I wonder how long it will be if ever until the 15.4 billion dollars is repaid. Soon the union will own two of the three. Gotta be a good thing, right? I'm actually kind of interested to see what the union does when it becomes the management.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
Remster 30 #16 April 30, 2009 QuoteDont forget government overregulation on safety and fuel economy. The same regulations that all the other manufacturers had to follow?Remster Quote Share this post Link to post Share on other sites
funjumper101 15 #17 April 30, 2009 QuoteQuoteQuotehttp://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/index.htm Chrysler files today, GM is expected to in the next few weeks at most. I wonder how long it will be if ever until the 15.4 billion dollars is repaid. Soon the union will own two of the three. Gotta be a good thing, right? I'm actually kind of interested to see what the union does when it becomes the management. Take a look at United Airlines. Quote Share this post Link to post Share on other sites
rushmc 23 #18 April 30, 2009 QuoteQuoteDont forget government overregulation on safety and fuel economy. The same regulations that all the other manufacturers had to follow? Yes, and what shape are they in?"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kelpdiver 2 #19 May 1, 2009 QuoteQuoteQuoteDont forget government overregulation on safety and fuel economy. The same regulations that all the other manufacturers had to follow? Yes, and what shape are they in? quite well, in comparison. Are you suggesting otherwise? Given our national security depends on oil availability, it's not overregulation. Quote Share this post Link to post Share on other sites
FallingOsh 0 #20 May 1, 2009 QuoteThe "banks too big to fail" got hundreds of billions in TARP funds, unlikely to be repaid that the government wouldn't let them pay back even when they tried, with few a rediculous amount of strings attached and more added later. QuoteNot a lot of whining from the righties about that. Their guys set it up and pulled it off, so not a lot to say. Hmmm. Yes, there is tons of bitching about government intervetion in private business from the right. It doesn't matter if Bush started it. It's all wrong. QuoteThe righties have pitched a bitch about tens of billions that would be paid back. Based on what? Their previous record of paying back loans after becoming productive again? How long do you propose the government prop them up? QuoteThe righties have won their first "victory" in the economic war. Banks were saved, while car companies are expendable. It's not a war when everyone is suffering together. Not all banks were saved and not all will survive just like not all car companies will fail or succeed. Some do, some don't. Hence capitalism. Even if that were true, how would that be a righty victory? Quote You all should be very proud of yourselves. Thanks for making the economic crisis worse, and longer than it would have been. Great work. Hey. Um. What the fuck are you talking about? The dems have been in control of congress for the past two years and now have 100% control in Washington. Although your loyal following of the new White House slogan (it wasn't me) is impressive, blaming "righties" for Chrysler's meltdown and subsequent loss of government handouts is laughable at best. The money never should've been given out to banks or automakes, by any President and Congress. Continuing to flush money down the tubes while pointing fingers at the other side (who has zero control by the way) does nothing but ruin what little credibility was left. QuoteIt must be time for another tax cut for the wealthy. That is always a good plan. Especiallly when you are conducting a premeditated war of agression, followed by an occupation, with a dash of nation building thrown in for good measure. That kind of work doesn't take any extra money at all. I realize you're just ranting blindly against the righties, but tax cuts for the wealthy aren't on the table. I'm not sure if anyone told you, but the President and Congress are democratically controlled. Quadroupling the national debt and taking on trillions more in spending is currently on the agenda and that kind of work does take extra money that we don't have. -------------------------------------------------- Stay positive and love your life. Quote Share this post Link to post Share on other sites
rushmc 23 #21 May 1, 2009 QuoteQuoteQuoteQuotehttp://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/index.htm Chrysler files today, GM is expected to in the next few weeks at most. I wonder how long it will be if ever until the 15.4 billion dollars is repaid. Soon the union will own two of the three. Gotta be a good thing, right? I'm actually kind of interested to see what the union does when it becomes the management. Take a look at United Airlines. The employess bought out that company. In the case we speak to here, a president/government, has found a way to hand a company over to a loby group."America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
rushmc 23 #22 May 1, 2009 QuoteQuoteQuoteQuoteDont forget government overregulation on safety and fuel economy. The same regulations that all the other manufacturers had to follow? Yes, and what shape are they in? quite well, in comparison. Are you suggesting otherwise? Given our national security depends on oil availability, it's not overregulation. GM is doing well? Good to hear that But, over regulation has caused problems with oil too. But I am sure you know that and approve."America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
billvon 3,008 #23 May 1, 2009 > What the fuck are you talking about? The dems have been in control of >congress for the past two years . . . I'll let Michael Steele, RNC chairman, answer that one: ============ Look, we can’t go back out and start pointing fingers at the Democrats and saying "look at how bad they’re performing, look at what they’re doing with the economy" when we jumpstarted this thing, we were the ones who put $700 billion on the table and said "alright, let’s start nationalizing the banking system." So now for us stand back and go "oh look, that’s a bad thing to do" is disingenuous. ============ Refreshingly honest for a politician. Quote Share this post Link to post Share on other sites
FallingOsh 0 #24 May 1, 2009 Quote> What the fuck are you talking about? The dems have been in control of >congress for the past two years . . . I'll let Michael Steele, RNC chairman, answer that one: ============ Look, we can’t go back out and start pointing fingers at the Democrats and saying "look at how bad they’re performing, look at what they’re doing with the economy" when we jumpstarted this thing, we were the ones who put $700 billion on the table and said "alright, let’s start nationalizing the banking system." So now for us stand back and go "oh look, that’s a bad thing to do" is disingenuous. ============ Refreshingly honest for a politician. You're damn right the last administration shouldn't have started the whole mess of bailouts. My response was to this: You all should be very proud of yourselves. Thanks for making the economic crisis worse, and longer than it would have been. Great work. The Republicans aren't in control anymore. Making the economic crisis worse lies in the $1.7T deficit and continual flushing of funds to private companies. The above statement attempts to blame it all on one party which is rediculous, as pointed out by the quote you posted. Although, as stated in my previous post, it falls right in line with Obama's "it wasn't me" plan. -------------------------------------------------- Stay positive and love your life. Quote Share this post Link to post Share on other sites
PhreeZone 20 #25 May 2, 2009 Here is an honest question on this... who is in charge out at the new company? Fiat only has a 25% stake, US and Canada have about 20% and the UAW has 55% UAW said they don't want anything to do with the running of it since they have handed it over to their pension board for their stake in it, Fiat is not a majority owner and the governments hare loan holders only... Honestly it seems like UAW is passing the buck on it to get someone else to run it since they have the most at stake and don't want to lose all their investment but still need someone to blame if it all goes bad.Yesterday is history And tomorrow is a mystery Parachutemanuals.com Quote Share this post Link to post Share on other sites
