Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (479111)	5/8/2009 12:05:08 PM
From: Road Walker	Read Replies (3) \| Respond to of 1575624

What parts of the deal do you find most objectionable? That we have a Democratic administration is the answer.

To: michael97123 who wrote (479111)	5/8/2009 12:08:01 PM
From: Joe NYC	1 Recommendation Read Replies (3) \| Respond to of 1575624

Michael, How did chrysler get into the fix they are in is the better question? What parts of the deal do you find most objectionable? I take it it did not cross your radar. When we have a situation when we have nearly one state controlled press, this is going to happen again and again. Abuses of all powerful state will go unreported, unregistered. Read this: Message 25625459 Summary: Chrysler contractually agreed that the the lenders who saved it from sinking earlier will be granted senior rights on thier debt. Debt will be secured, according to contract. They collect 100% before any of the unsecured lenders / claimants get a dime. Doing otherwise equals government's power to override private contracts. Further, taking these assets is theft. A lot of the lenders Obama wants to steal from are themselves recipients of TARP funds, and they are too afraid to press their claims. They have been intimidated to get in line, and support Obama plan. The property owners / lenders who are still independent of government, those who want to press their claims are being targeted by Obama himself (and his proxies - local politicians, the press) During Il Duce's time, his punks used to beat the $hit out of opponents. Obama has the press to do his dirty work. Now where will the confiscated capital go? To the unions, that should get next to nothing, being unsecured creditors. But they helped Obama get elected, and that trumps rule of law in 2009 America. Joe