no your're a putz for not noticing that the story is over 2 hours old and then not checking the futures.
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looks like not enough votes for big 3 bailout
- Thread starter midniteeuropa
- Start date
no your're a putz for not noticing that the story is over 2 hours old and then not checking the futures.
Quote from dloomis514:
How come Lehman Bros never got a fair hearing in Congress and the small three do?
imo because unlike Citi it is owned ? by the Saudia and another larger share holder is Prince Charles.
Goldman is Paulson's baby and he is not going to allow his portfolio to get hurt.
what is more strange is the lack of who and how much each entity is receiving and why.
The USA is the most corrupt country with Banks being a license to print money with no recourse.
w
Wow, Democratic congress approves Wall Street 700 billion and balks at 25 for Auto Industry...... lol
No one will fill the void. No Japanese or German, everyone pullin back
"lets help wall street so main street is ok during credit crisis"
well here is millions of main street workers. I know they make 40 an hour... screw those rich aholes....
All I want to know is ... is GS ok? It is really important they have a nice holiday
No one will fill the void. No Japanese or German, everyone pullin back
"lets help wall street so main street is ok during credit crisis"
well here is millions of main street workers. I know they make 40 an hour... screw those rich aholes....
All I want to know is ... is GS ok? It is really important they have a nice holiday
Quote from Illum:
Wow, Democratic congress approves Wall Street 700 billion and balks at 25 for Auto Industry...... lol
No one will fill the void. No Japanese or German, everyone pullin back
"lets help wall street so main street is ok during credit crisis"
well here is millions of main street workers. I know they make 40 an hour... screw those rich aholes....
All I want to know is ... is GS ok? It is really important they have a nice holiday
Stupid democrats?
Those Democrats were running really scared before the domineering glare of Paulson and the banksters but now they are making the big 3 leadership grovel.
They are going to get concessions from the UAW for sure. Otherwise how can they ever get lean in time to pull their bacon out of the fire? If the big three go BK first it will kill off a whole class of small businesses that won't get paid some large sums and the reverberations of that will not be kind to the new administration. Some say there should be no loans until they are in BK but I'd say the sooner the better provided the details of how they are going to pay the money back are worked out...
They are going to get concessions from the UAW for sure. Otherwise how can they ever get lean in time to pull their bacon out of the fire? If the big three go BK first it will kill off a whole class of small businesses that won't get paid some large sums and the reverberations of that will not be kind to the new administration. Some say there should be no loans until they are in BK but I'd say the sooner the better provided the details of how they are going to pay the money back are worked out...
Quote from ChkitOut:
I think any money that is, or would have been lent, will be burned through without anything positive coming from it other than buying some time.
Fundamentally, nothing about the business model is going to change in the next year or so.
Financing for the jobless and bad credit sufferers is not gona happen for a loooong time.
This looks like a simple case of bloated car companies that need to trim down. Get rid of some models, close some plants, stop paying pensions, etc...
Called it, that was obvious.
GM is a prime example of doucebaggery.
Quote from ChkitOut:
This looks like a simple case of bloated car companies that need to trim down. Get rid of some models, close some plants, stop paying pensions, etc...
Do some homework. The autos are anything but bloated. If you'd researched such you'd know there have been drastic cuts, union and salaried, in recent years. GM just cut another 15% of salaried last week. Those still with jobs are taking pay cuts up to 10%.
Many models have been cut. Many plants have closed. Many option packages have been deleted. They're being proactive.
Are the same sacrifices being made at BAC, GS, MS, etc.? Hell no. These guys should be taking pay cuts as well. GM is actually trying to develop a plan to return to profitability. The banks just continue to clamor for more $$$$. And I won't even compare the amount the autos are asking for relative to the financial companies.
Quote from DHOHHI:
Do some homework. The autos are anything but bloated. If you'd researched such you'd know there have been drastic cuts, union and salaried, in recent years. GM just cut another 15% of salaried last week. Those still with jobs are taking pay cuts up to 10%.
Many models have been cut. Many plants have closed. Many option packages have been deleted. They're being proactive.
You're kidding I hope.
Quote from DHOHHI:
Are the same sacrifices being made at BAC, GS, MS, etc.? Hell no. These guys should be taking pay cuts as well. GM is actually trying to develop a plan to return to profitability. The banks just continue to clamor for more $$$$. And I won't even compare the amount the autos are asking for relative to the financial companies.
Don't get me wrong. I think the banks are douchebags also.