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Old 12-16-2008, 08:19 AM
 
372 posts, read 787,113 times
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Quote:
Originally Posted by DDevil View Post
BTW, have AIG and Citigroup proven that they clearly know how to run a business?
And even after getting a BAILOUT, why don't we see the credit flowing?
The difference is that sane minds continue to think that banks and insurance companies can be run for a profit in the near term, where this doesn't appear possible with the Big 3.
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Old 12-16-2008, 08:45 AM
 
Location: Great State of Texas
86,068 posts, read 74,781,320 times
Reputation: 27602
Quote:
Originally Posted by DDevil View Post
And even after getting a BAILOUT, why don't we see the credit flowing?
Because that money went to pay off the losses from the credit swaps.
That money is not there for us..it was to pay off the bad bets.
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Old 12-16-2008, 09:50 AM
 
13,084 posts, read 19,257,896 times
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The UAW doesn't want bankruptcy because they know it's the only legal remedy the auto industry has to break the legal contract. That's the reason no Chapter 11.

On the contrary, the UAW in so many words (actually, almost exact words) told the senate and house "scr*w you, we don't need to give you concession because we know we are going to get our bailout money anyways". And he's right, unfortunetly, as America's favorite democrat in GOP clothing George Bush will give them the $15 billion outright from the $700 billion assigned to financial institutions. And when they come up with their hand out again, which they will, Obama will be happy to continue Bush's legacy. UAW says - "f*ck you American taxpayers"
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Old 12-16-2008, 10:07 AM
 
5,090 posts, read 10,046,595 times
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Quote:
Originally Posted by Humanoid View Post
I'm listening to that interview while I type. Its always interesting to listen to these sorts of things years after the fact...

What is that lady doing today? I hope it involves potatoes and hot oil....
I was hoping maybe a test dummy for tasers or electric cattle probes.

Suppose the best we can hope for is a lost a bundle in the recent stock market mess -- but then again these folks would probably already be wired into the bailout.

Parasites never really go away, they just change form.
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Old 12-16-2008, 10:10 AM
 
5,090 posts, read 10,046,595 times
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Quote:
Originally Posted by Dd714 View Post
UAW says - "f*ck you American taxpayers"
nawww, am pretty sure that was the quote from AIG and the banks.

But they were a little more polite -- it was

"F U, very much."
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Old 12-16-2008, 10:14 AM
 
13,084 posts, read 19,257,896 times
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Quote:
Originally Posted by Philip T View Post
nawww, am pretty sure that was the quote from AIG and the banks.

But they were a little more polite -- it was

"F U, very much."
Yup, them too.
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Old 12-16-2008, 10:47 AM
 
5,090 posts, read 10,046,595 times
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Quote:
Originally Posted by DDevil View Post

BTW, have AIG and Citigroup proven that they clearly know how to run a business?
ummm, no.

see what they are doing with the money . . . .

Citigroup buys toll road operator - TheDeal.com

Going deeper into debt on more bad business.

Quote:
Spanish builder Sacyr Vallehermoso SA said Monday, Dec. 1, it has agreed to sell toll road operator Itínere Infraestructuras SA to a Citigroup Inc. infrastructure unit for €7.9 billion ($10 billion), including €5 billion of debt.

Quote:
And even after getting a BAILOUT, why don't we see the credit flowing?
Because they are busy ratcheting down credit and raising rates on Americans.

and

See the sample story above.
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Old 12-17-2008, 04:40 AM
 
26,662 posts, read 40,658,795 times
Reputation: 14771
If the big 3 file for bankruptcy I will promiss that I will buy one of their cars....if they get the bailout (which I believe won't help, and they still will go banktrupt, but they wasted more money)....I won't buy one of their cars....

I was already looking to buy a used car of one of the 3....but I wait till it will be clear what will be done.
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