Eisboch wrote:

"jps" wrote in message
...


Obama's not selling snake oil, he's selling sanity.


Hmmmm. He just got a demerit on my scorecard.

Link below is to NPR's broadcast yesterday. If you want to watch the
Chrysler part,
let it load for a few seconds, then move the horizontal time slider over
to about the 6 minute point.
The report on Chrysler starts at about 6 min, 5 sec.

http://www.pbs.org/nbr/info/local-pl...bre07s26caq4c4


Basically, the bond holders have thrown in the towel due to overwhelming
political pressure.

Awwwww.

"HK" wrote in message
...


Basically, the bond holders have thrown in the towel due to overwhelming
political pressure.

Awwwww.


Do you think the Chrysler bond holders are all evil, greedy crooks?

Eisboch

Eisboch wrote:

"HK" wrote in message
...


Basically, the bond holders have thrown in the towel due to
overwhelming political pressure.

Awwwww.


Do you think the Chrysler bond holders are all evil, greedy crooks?

Eisboch


I think the "investment community" sold this country down the river in
order to feed its unsatiable greed. Millions upon millions of Americans
are suffering because of their greed and the nonfeasance of the Bush
Administration, and they are suffering far worse than the loss of just
money.

HK wrote:
Eisboch wrote:

"HK" wrote in message
...


Basically, the bond holders have thrown in the towel due to
overwhelming political pressure.

Awwwww.


Do you think the Chrysler bond holders are all evil, greedy crooks?

Eisboch


I think the "investment community" sold this country down the river in
order to feed its unsatiable greed. Millions upon millions of Americans
are suffering because of their greed and the nonfeasance of the Bush
Administration, and they are suffering far worse than the loss of just
money.


"unsatiable"? How about insatiable?

On Sat, 09 May 2009 18:11:57 -0400, HK wrote:

HK wrote:
Eisboch wrote:

"HK" wrote in message
...


Basically, the bond holders have thrown in the towel due to
overwhelming political pressure.

Awwwww.


Do you think the Chrysler bond holders are all evil, greedy crooks?

Eisboch


I think the "investment community" sold this country down the river in
order to feed its unsatiable greed. Millions upon millions of Americans
are suffering because of their greed and the nonfeasance of the Bush
Administration, and they are suffering far worse than the loss of just
money.


"unsatiable"? How about insatiable?

How about behind the green door?

--Vic

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

"HK" wrote in message
...


Basically, the bond holders have thrown in the towel due to
overwhelming political pressure.

Awwwww.


Do you think the Chrysler bond holders are all evil, greedy crooks?

Eisboch


I think the "investment community" sold this country down the river in
order to feed its unsatiable greed. Millions upon millions of Americans
are suffering because of their greed and the nonfeasance of the Bush
Administration, and they are suffering far worse than the loss of just
money.


Ah, huh. Now, do you think the Chrysler bond holders are all evil, greedy
crooks?
Don'tcha think *they* are the ones that have provided Chrysler the financing
to keep the
doors open, the employees paid and the pension plans funded?

Those investments were secured by the assets of Chrysler.
The unions don't have secured asset claims, yet they are getting 55% of the
company.
Fiat doesn't have secured asset claims, yet they are getting 20% of the
company.

The ones with a legal claim to the assets get nothing.

Eisboch

On Sat, 9 May 2009 18:19:51 -0400, "Eisboch"
wrote:


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

"HK" wrote in message
...


Basically, the bond holders have thrown in the towel due to
overwhelming political pressure.

Awwwww.


Do you think the Chrysler bond holders are all evil, greedy crooks?

Eisboch


I think the "investment community" sold this country down the river in
order to feed its unsatiable greed. Millions upon millions of Americans
are suffering because of their greed and the nonfeasance of the Bush
Administration, and they are suffering far worse than the loss of just
money.


Ah, huh. Now, do you think the Chrysler bond holders are all evil, greedy
crooks?
Don'tcha think *they* are the ones that have provided Chrysler the financing
to keep the
doors open, the employees paid and the pension plans funded?

Those investments were secured by the assets of Chrysler.
The unions don't have secured asset claims, yet they are getting 55% of the
company.
Fiat doesn't have secured asset claims, yet they are getting 20% of the
company.

The ones with a legal claim to the assets get nothing.

What do you mean "legal?"
Are laws being broken?
I haven't looked at the details, but I thought this was still in
court.

--Vic

"Vic Smith" wrote in message
...

What do you mean "legal?"
Are laws being broken?
I haven't looked at the details, but I thought this was still in
court.

--Vic


It's in court, but the bond holders threw in the towel for any claim. This
removes any conflicts and allows the bankruptcy court to proceed with
dividing up Chrysler per the desires of the Fed.

The investors/bond holders were being pressured to go public with their
names and/or organizations and
they determined that the public opinion damage done by Obama may put them at
risk, either business-wise or literally physically. Many people have
lumped *all* financial institutions into the scum of the earth category
lately, if you haven't noticed. (although they are, at the same time, being
begged to start lending again).


Personally, I think investors/bondholders should have stayed the course. I
am not advocating them or the other parties involved. I am disturbed that
binding contracts become meaningless due to political power and influence.
I thought we were supposed to be experiencing a shift to honest, transparent
and open leadership.

Eisboch

On Sat, 9 May 2009 18:19:51 -0400, "Eisboch"
wrote:


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

"HK" wrote in message
...


Basically, the bond holders have thrown in the towel due to
overwhelming political pressure.

Awwwww.


Do you think the Chrysler bond holders are all evil, greedy crooks?

Eisboch


I think the "investment community" sold this country down the river in
order to feed its unsatiable greed. Millions upon millions of Americans
are suffering because of their greed and the nonfeasance of the Bush
Administration, and they are suffering far worse than the loss of just
money.


Ah, huh. Now, do you think the Chrysler bond holders are all evil, greedy
crooks?
Don'tcha think *they* are the ones that have provided Chrysler the financing
to keep the
doors open, the employees paid and the pension plans funded?

Those investments were secured by the assets of Chrysler.
The unions don't have secured asset claims, yet they are getting 55% of the
company.
Fiat doesn't have secured asset claims, yet they are getting 20% of the
company.

The ones with a legal claim to the assets get nothing.

Eisboch

Is what's happening illegal?

Who has priority and in what order from a legal standpoint?

In order to receive the percentages you state, there must be some
value. What is being given in return?

I honestly don't know about these proceedings so I'm curious.

Eisboch wrote:

"Vic Smith" wrote in message
...

What do you mean "legal?"
Are laws being broken?
I haven't looked at the details, but I thought this was still in
court.

--Vic


It's in court, but the bond holders threw in the towel for any claim.
This removes any conflicts and allows the bankruptcy court to proceed
with dividing up Chrysler per the desires of the Fed.

The investors/bond holders were being pressured to go public with their
names and/or organizations and
they determined that the public opinion damage done by Obama may put
them at risk, either business-wise or literally physically. Many
people have lumped *all* financial institutions into the scum of the
earth category lately, if you haven't noticed. (although they are, at
the same time, being begged to start lending again).


Personally, I think investors/bondholders should have stayed the
course. I am not advocating them or the other parties involved. I am
disturbed that binding contracts become meaningless due to political
power and influence.
I thought we were supposed to be experiencing a shift to honest,
transparent and open leadership.

Eisboch




I think it perfectly appropriate for the identity of the bondholders to
be made public. Obama didn't put these companies at risk; they put
themselves at risk.

It wouldn't have bothered me if all the troubled financial services
companies went bellyup, and their assets sold off to less troubled
companies. If they had behaved responsibly, they wouldn't have gotten in
as deep as they did.