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Thread: US Lost Ten Billion Dollars on GM Bailout

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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by Lord Tammerlain View Post
    Yes in NORMAL economic times it is a great time to do so. But in this case no companies were willing to step up and risk the money that would have been required to do so. Or those that would have been willing would not have gotten financing from the banks. With the exception of Chinese ones. I doubt SAIC would have been allowed to buy GM so it does not matter
    In bankruptcy the price falls until a buyer comes forward. There would have been a US buyer.
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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by Lord Tammerlain View Post
    Yes in NORMAL economic times it is a great time to do so. But in this case no companies were willing to step up and risk the money that would have been required to do so. Or those that would have been willing would not have gotten financing from the banks. With the exception of Chinese ones. I doubt SAIC would have been allowed to buy GM so it does not matter
    Are you serious? Do you believe the creditors that took the crew cut during the bankruptcy could not have come up with a better restructuring?
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
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    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by AlabamaPaul View Post
    Are you serious? Do you believe the creditors that took the crew cut during the bankruptcy could not have come up with a better restructuring?
    Good evening, AP.
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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by Jack Hays View Post
    Good evening, AP.
    Good evening 2m. How are those Redskins doing?
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by Jack Hays View Post
    In bankruptcy the price falls until a buyer comes forward. There would have been a US buyer.
    it is not the price of buying the company that is was an issue. It would have been the money required to keep the company in operation during the bankruptcy proceedings. From what I recall GM would have needed 40 billion or so in debtor in financing money to remain operational during bankruptcy.

    And if you can name a few companies or people that would have had access at that time who would have been interested in taking over GM I would like to know them
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by Jack Hays View Post
    Ancient history. Not of interest.
    So we should have let the economy go straight into the toilet, because you're not interested in similar events from 75 years ago? Good to know.

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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by AlabamaPaul View Post
    Are you serious? Do you believe the creditors that took the crew cut during the bankruptcy could not have come up with a better restructuring?
    Where was the money going to come from?

    The banks which were getting money from the government in the first place? Use government bailout money from the banks to fund a private bailiout of GM?
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by AlabamaPaul View Post
    Good evening 2m. How are those Redskins doing?
    That was a cruel question. I have already transitioned to the NBA. Which will you dislike more: a nonSEC national champion or Auburn?
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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by Visbek View Post
    So we should have let the economy go straight into the toilet, because you're not interested in similar events from 75 years ago? Good to know.

    The economy would have recovered more quickly.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: US Lost Ten Billion Dollars on GM Bailout

    Quote Originally Posted by Lord Tammerlain View Post
    it is not the price of buying the company that is was an issue. It would have been the money required to keep the company in operation during the bankruptcy proceedings. From what I recall GM would have needed 40 billion or so in debtor in financing money to remain operational during bankruptcy.

    And if you can name a few companies or people that would have had access at that time who would have been interested in taking over GM I would like to know them
    Oh, oh, can I answer? The same way Chrysler was bailed out previously, with loans guaranteed by the government, not by the government screwing over the bond holders to the benefit of the unions by taking over the company...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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