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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: sandintoes who wrote (3326)12/16/2008 10:12:44 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 103300
 
Monitor the Texas Mexican border by webcam and report any suspicious movement by email...

blueservo.com

GZ



To: sandintoes who wrote (3326)12/17/2008 1:29:16 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
Re: "Now it looks as though they'll get a bail out..makes me sick."

What I think:

Message 25255912

Message 25255964

And just today Moody's issued a report that agrees with my position.

A report by Moody's Investors Service said on Tuesday that government help paired with prepackaged bankruptcy was the industry's most likely restructuring scenario.

The report said without a prepackaged bankruptcy -- when concessions and financing are arranged before a court filing -- the automakers are headed for a "freefall" bankruptcy that would trigger a spike in U.S. unemployment.

Moody's said there is about a 70 percent chance of a prepackaged bankruptcy coupled with government assistance, and just a 25 percent chance of a government bailout without a bankruptcy.

reuters.com