Chrysler Lenders Must Reveal Identities Today, Judge Rules
 

"HK" wrote in message
m...

Tom Francis - SWSports wrote:

The American taxpayer will get nothing for the billions of dollars
showered on Chrysler from which the UAW and FIAT will benefit the
most.

Obama's administration said just yesterday that the $8 billion in
“bridge loans” the U.S. taxpayer has given to Chrysler over the past
six months, including $4 billion in bankruptcy financing, won’t be
paid back. Taxpayers also won’t be getting a big slug of Chrysler
stock in exchange.

http://money.cnn.com/2009/05/05/news...oans/index.htm

Chrysler will be divided up among Fiat, Chrysler’s unions, and
Chrysler’s debtholders. Which means that the taxpayers’ $8 billion
was a gift to these three consitituencies.

I wonder whether the Obama administration will explain its “gift” to
the saps who paid for it. I’d say that the explanation is obvious.
The White House wanted to pay off the UAW and used the shell of
Chrysler to do it.

How do you like your boy now?




If you mean Obama, just fine. I think it entirely appropriate for the
government to take steps, including blowing if necessary some billions of
dollars to try to save a significant U.S. industry.



Problem is, Chrysler was DOA. Has been for years. Chrysler knew that.
Daimler knew that.
The financial group that bought it from Dampier knew that. It should have
been allowed to go to Chapter 11 or 7 peacefully and not have cost another
$8B.


Tom's is right. The taxpayer can kiss 8 billion away for an eventuality
that would have been exactly the same for nothing. Here's another good one
..... Bank of America:

http://finance.yahoo.com/tech-ticker/article/242096/Stress-Test-Shocker-BofA-Needs-34B-But-That%27s-%22Good-News%22-for-Ken-Lewis-&-Co.?tickers=BAC,C,XLF,SKF,FAS,FAZ,^DJI

Good thing those printing presses are humming.

Eisboch

Chrysler Lenders Must Reveal Identities Today, Judge Rules
 

Eisboch wrote:

"HK" wrote in message
m...

Tom Francis - SWSports wrote:

The American taxpayer will get nothing for the billions of dollars
showered on Chrysler from which the UAW and FIAT will benefit the
most.

Obama's administration said just yesterday that the $8 billion in
“bridge loans” the U.S. taxpayer has given to Chrysler over the past
six months, including $4 billion in bankruptcy financing, won’t be
paid back. Taxpayers also won’t be getting a big slug of Chrysler
stock in exchange.

http://money.cnn.com/2009/05/05/news...oans/index.htm

Chrysler will be divided up among Fiat, Chrysler’s unions, and
Chrysler’s debtholders. Which means that the taxpayers’ $8 billion
was a gift to these three consitituencies.

I wonder whether the Obama administration will explain its “gift” to
the saps who paid for it. I’d say that the explanation is obvious.
The White House wanted to pay off the UAW and used the shell of
Chrysler to do it.

How do you like your boy now?




If you mean Obama, just fine. I think it entirely appropriate for the
government to take steps, including blowing if necessary some billions
of dollars to try to save a significant U.S. industry.



Problem is, Chrysler was DOA. Has been for years. Chrysler knew
that. Daimler knew that.
The financial group that bought it from Dampier knew that. It should
have been allowed to go to Chapter 11 or 7 peacefully and not have cost
another $8B.


Tom's is right. The taxpayer can kiss 8 billion away for an
eventuality that would have been exactly the same for nothing. Here's
another good one .... Bank of America:

http://finance.yahoo.com/tech-ticker/article/242096/Stress-Test-Shocker-BofA-Needs-34B-But-That%27s-%22Good-News%22-for-Ken-Lewis-&-Co.?tickers=BAC,C,XLF,SKF,FAS,FAZ,^DJI


Good thing those printing presses are humming.

Eisboch



Thanks to bush, the taxpayers are throwing away TWO TRILLION DOLLARS on
Iraq. Old Tom didn't object to that waste of money.

Chrysler Lenders Must Reveal Identities Today, Judge Rules
 

"HK" wrote in message
m...
Eisboch wrote:

"HK" wrote in message
m...

Tom Francis - SWSports wrote:

The American taxpayer will get nothing for the billions of dollars
showered on Chrysler from which the UAW and FIAT will benefit the
most.

Obama's administration said just yesterday that the $8 billion in
“bridge loans” the U.S. taxpayer has given to Chrysler over the past
six months, including $4 billion in bankruptcy financing, won’t be
paid back. Taxpayers also won’t be getting a big slug of Chrysler
stock in exchange.

http://money.cnn.com/2009/05/05/news...oans/index.htm

Chrysler will be divided up among Fiat, Chrysler’s unions, and
Chrysler’s debtholders. Which means that the taxpayers’ $8 billion
was a gift to these three consitituencies.

I wonder whether the Obama administration will explain its “gift” to
the saps who paid for it. I’d say that the explanation is obvious.
The White House wanted to pay off the UAW and used the shell of
Chrysler to do it.

How do you like your boy now?




If you mean Obama, just fine. I think it entirely appropriate for the
government to take steps, including blowing if necessary some billions
of dollars to try to save a significant U.S. industry.



Problem is, Chrysler was DOA. Has been for years. Chrysler knew that.
Daimler knew that.
The financial group that bought it from Dampier knew that. It should
have been allowed to go to Chapter 11 or 7 peacefully and not have cost
another $8B.


Tom's is right. The taxpayer can kiss 8 billion away for an eventuality
that would have been exactly the same for nothing. Here's another good
one .... Bank of America:

http://finance.yahoo.com/tech-ticker/article/242096/Stress-Test-Shocker-BofA-Needs-34B-But-That%27s-%22Good-News%22-for-Ken-Lewis-&-Co.?tickers=BAC,C,XLF,SKF,FAS,FAZ,^DJI
Good thing those printing presses are humming.

Eisboch



Thanks to bush, the taxpayers are throwing away TWO TRILLION DOLLARS on
Iraq. Old Tom didn't object to that waste of money.

One of the many frustrating things about discussing things with you is that
you can't seem to focus on the subject. Whenever a legitimate point is made
that you don't agree with, you counter with something totally not germane to
the subject matter. Like you just did.

Bush, Iraq and it's cost have absolutely nothing to do with giving away $8
billion to unions.

Eisboch

Chrysler Lenders Must Reveal Identities Today, Judge Rules
 

Eisboch wrote:

"HK" wrote in message
m...
Eisboch wrote:

"HK" wrote in message
m...

Tom Francis - SWSports wrote:

The American taxpayer will get nothing for the billions of dollars
showered on Chrysler from which the UAW and FIAT will benefit the
most.

Obama's administration said just yesterday that the $8 billion in
“bridge loans” the U.S. taxpayer has given to Chrysler over the past
six months, including $4 billion in bankruptcy financing, won’t be
paid back. Taxpayers also won’t be getting a big slug of Chrysler
stock in exchange.

http://money.cnn.com/2009/05/05/news...oans/index.htm


Chrysler will be divided up among Fiat, Chrysler’s unions, and
Chrysler’s debtholders. Which means that the taxpayers’ $8 billion
was a gift to these three consitituencies.

I wonder whether the Obama administration will explain its “gift” to
the saps who paid for it. I’d say that the explanation is obvious.
The White House wanted to pay off the UAW and used the shell of
Chrysler to do it.

How do you like your boy now?




If you mean Obama, just fine. I think it entirely appropriate for
the government to take steps, including blowing if necessary some
billions of dollars to try to save a significant U.S. industry.



Problem is, Chrysler was DOA. Has been for years. Chrysler knew
that. Daimler knew that.
The financial group that bought it from Dampier knew that. It
should have been allowed to go to Chapter 11 or 7 peacefully and not
have cost another $8B.


Tom's is right. The taxpayer can kiss 8 billion away for an
eventuality that would have been exactly the same for nothing.
Here's another good one .... Bank of America:

http://finance.yahoo.com/tech-ticker/article/242096/Stress-Test-Shocker-BofA-Needs-34B-But-That%27s-%22Good-News%22-for-Ken-Lewis-&-Co.?tickers=BAC,C,XLF,SKF,FAS,FAZ,^DJI
Good thing those printing presses are humming.

Eisboch



Thanks to bush, the taxpayers are throwing away TWO TRILLION DOLLARS
on Iraq. Old Tom didn't object to that waste of money.

One of the many frustrating things about discussing things with you is
that you can't seem to focus on the subject. Whenever a legitimate
point is made that you don't agree with, you counter with something
totally not germane to the subject matter. Like you just did.

Bush, Iraq and it's cost have absolutely nothing to do with giving away
$8 billion to unions.

Eisboch



Ohhhhhh....*unions* Now I get it. Halliburton, Blackwater, goooooood.
Unions...baaaaaaaaad.

Now it makes sense.

P.S. I thought we were discussing wasting taxpayer dollars. I can't
think of a bigger waste in recent years than Bush's war against Iraq.
Two trillion dollars down the toilet.

Chrysler Lenders Must Reveal Identities Today, Judge Rules
 

"HK" wrote in message
m...


P.S. I thought we were discussing wasting taxpayer dollars. I can't think
of a bigger waste in recent years than Bush's war against Iraq.
Two trillion dollars down the toilet.


Time to change your answering machine message.

And by the way .... that two trillion dollars is not a fact. It's
somebody's wild assed guess.
The fact is that Obama has spent more money in bailouts and stimulus checks
in 3 and a half months than Bush spent on the Iraq war in 8 years.

Eisboch

Chrysler Lenders Must Reveal Identities Today, Judge Rules
 

On May 6, 6:02*pm, "Eisboch" wrote:
"HK" wrote in message

m...



P.S. I thought we were discussing wasting taxpayer dollars. I can't think
of a bigger waste in recent years than Bush's war against Iraq.
Two trillion dollars down the toilet.

Time to change your answering machine message.

And by the way .... that two trillion dollars is not a fact. *It's
somebody's wild assed guess.
The fact is that Obama has spent more money in bailouts and stimulus checks
in 3 and a half months than Bush spent on the Iraq war in 8 years.

Eisboch

More to the point, he had handed his supporters more money in three
months than Bush spent on the Iraq war in 8 years... He just gave 55%
of the Chrysler company to the unions, and a major stake in the board
room. Bank of America gave 2 billion of "stimulous" money to ACORN,
and now he is trying to pay MSNBC (GE) billions on the cap and trade
scam... It's nothing but a power grab, period...

Chrysler Lenders Must Reveal Identities Today, Judge Rules
 

"Eisboch" wrote in message
...

"HK" wrote in message
m...
Eisboch wrote:

"HK" wrote in message
...

Chrysler Lenders Must Reveal Identities Today, Judge Rules


By Tiffany Kary

May 6 (Bloomberg) -- Chrysler LLC dissident lenders have until 10 a.m.
today to reveal their identities after a bankruptcy judge rejected
claims that their safety was at risk because of anger over the
automaker’s bankruptcy.

U.S. Bankruptcy Judge Arthur Gonzalez in New York forced the group to
file a list of its members publicly, denying their request to reveal
their identities only to the bankruptcy court. Gonzalez said yesterday
the lenders have no evidence that keeping their identities private
would help protect them. The group seeks to block an auction of most
company assets to an entity managed by Fiat SpA, an outcome Chrysler
said would force it to liquidate, costing thousands of jobs.

- - -


Heads on pikes...


Heads on pikes? For what, wanting to be anonymous due to reactions
like yours?
Although I agree the lender's names should be public, since it's a
public legal action, but I also agree that the secured lenders have a
legitimate claim to the assets. It's up to the BK judge to try to work
out any compromise or agreement, according to law.

Chrysler has unfortunately been dead for years. It's being kept alive
by artificial means and financial manipulation. Daimler/Mercedes tried
to resuscitate it to no avail and dumped it.
Legitimate secured lenders have as much right to claim the assets as
Fiat does, regardless of how you may feel about "saving jobs". In fact,
any interference or manipulation of the bankruptcy court's proceedings
by the Fed may be illegal. This will be interesting to watch.

Eisboch



Sorry, I have no sympathy for wealthy hedge funders, currency
manipulators and their ilk.


Do you have any sympathy (or understanding) of contract law?

Eisboch

Maybe Obama is trying to set a legal precedent. Then all those E bonds,
Savings bonds, and T bills will be able to be settled for pennies on the
dollar. Think China may go to war over that?