Hedge Fund Leader Blasts Obama for "Bullying" and "Abuse of Power"

Anyone who thinks the stock market fell because Obama was elected is a moron
the market fell because of an economic collapse, a liquidity crunch, housing market implosion, and corporate failure..
not because some empty suit became president..

When Bush became president in 2000, the market collapsed too. Was that his fault?
Of course not.

Stop being partisan hacks and get the story straight.
 
Quote from Illum:

Ooze on over to the politics forum with the third grade drivel. Sandy posted a coherent argument and you come back with "cunt" There is no reason for it. It's ok to not agree and still be sane.
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Nope...."cunt" is the best word in the english language to describe you......Sean Hannity Rush Limbaugh Sandygray Pabst Prime Illum Nazspaz Mnphats.....fucking losers (damn there are a lot of you sons of bitches on ET).

But, the rest of the country (like 60%+) is with Obama.
 
Quote from Fbushites:

Amen to that.

The fact is neither Chrysler nor GM bond holders or stock holders should be paid a dime of tax payer monies. These corporations are effectively bankrupt. You knowingly bought shit paper, now take the paper home and roll in it.

The UAW ( equally as miserable and in fault as the management) should also have been given the shaft. No one owes high school graduates $80/hr jobs.


As for the critteneous losers running amok on ET, that's par for the course. Most of the moderators and the Site admin himself is a right winger nut. The site owner, Baron, gives half a rats ass as to his membership quality.

Baron only cares for server hits and not quality. The good days of ET are past and it's only a matter of time advertisers find out that the cream has left and most on here are angry old losers living on subsistence pensions. They don't have 2 dimes to rub together, let alone trade for a living.
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No question in my mind that you (Billy Bob) just created this alias to reply to your own post.
 
Quote from risktaker:



It appears the BK courts will favor the UAW over bondholders.

SO...the order is...
1. UAW
2. US government
3. bondholders

Obama was right. These hedgefunds bought GM debt CHEAP, betting that they might be bailed out and given free money.

Fuck the greedy hedge funds!!!
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Obama is a dictator in the making and you are his Useful Idiot.

The hedge funds hold SECURED debt and the UAW holds UNSECURED debt, which means that the secured creditors will get something and the unsecured creditors will get NADA in bankruptcy.

It doesn't matter if the hedge funds are primary lenders or they bought the loans in the secondary market. The covenants of the loans do not change upon ownership.

This is violation of the Rule of Law and the only reason you Obamabots love it is because it's Obama sitting on the Emperor's thrown. What you morons don't realize is that your Dear Leader is not a permanent fixture and the next guy may be from the other political team and you won't like it so much.
 
Quote from Billybob543:

But, the rest of the country (like 60%+) is with Obama.
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And something like 50% don't pay any income taxes. Coincidence? I wonder what the correlation is between those who don't pay income taxes and those who support Obama? 80%?

But getting back to the point of this thread, the rule of law is being squashed. This country was made great by having rule of law (which goes back to the Magna Carta in England), as opposed to the rule of whoever is in charge at the time. We've had established bankruptcy codes in the country for decades to protect the rights of all creditors based on legally-established priorities to their claims to assets of the bankrupt entity. The point here is that the current government is trampling on that legal process, deciding who should get what, without regard to legal precedent and creditor's rights, evidently, in the name of trying to preserve jobs (i.e. for the UAW's ever-declining dues-paying members).

P.S. Billybob, when I was a kid (quite a while ago), I was taught that those who can't think of anything intelligent to say to defend their position, throw around profanity as you do. You obviously were taught something else when your pappy took you out to the tool shed to have some fun with you. :eek: :p
 
Quote from Angrycat:

.........What you morons don't realize is that your Dear Leader is not a permanent fixture and the next guy may be from the other political team and you won't like it so much.
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Next guy? What next guy?

When we're done with you, all right-wingers like Pabst, Sandy, Hannity, and Limbaugh and the gang will be interned in FEMA concentration camps....poof....gone in a puff of smoke.
 
Quote from AlpineTrout:

If any of you don't fully understand this paragraph, read it again.

Whats next on the Marxist's agenda? Squash property rights?
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um...yes. Funny you should mention this. To be fair, though, the only difference between Bush & Obama are the special interest groups and Obama is advancing fascism at warp speed compared to Bush's more leisurely Texan pace.

http://news.yahoo.com/s/ap/20090507/ap_on_re_us/us_flight93_memorial

Obama has also asked to have the presumption of innocence removed in tax cases when assets are situated abroad (the MSM dutifully gave that the absolute minimum coverage, of course) and he did keep the suspension of Habeas Corpus Bush introduceds - only now, because it's Obama, nobody is outraged anymore.

The worst part about this whole Chrysler deal is that if our current dictator is successful, interest rates for all loans will skyrocket to account for the additional risk.
 
Quote from Billybob543:

Next guy? What next guy?

When we're done with you, all right-wingers like Pabst, Sandy, Hannity, and Limbaugh and the gang will be interned in FEMA concentration camps....poof....gone in a puff of smoke.
More...


Yep, reminds me of sweet Mother Russia. Only problem is that the Soviet leadership found the opposition not to be as much a threat to its power as those in its own party. So, they ended up purging mostly each other and the peasants.
 
It appears the BK courts will favor the UAW over bondholders.

SO...the order is...
1. UAW
2. US government
3. bondholders

Obama was right. These hedgefunds bought GM debt CHEAP, betting that they might be bailed out and given free money.

Fuck the greedy hedge funds!!!


Idealistic liberal populist who just doesn't understand politics. the correct order is:

1. Democratic party
2. UAW
3. bondholders

and fuck those greedy taxpayers, they will never see a dime of this.

Somebody please tell me that Soros has GM bonds.
 
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