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

To: Joe NYC who wrote (483871)5/28/2009 3:54:05 PM
From: combjelly  Read Replies (1) | Respond to of 1573925
 
"Offer for what? They already "own" the assets."

No single entity does.

There is $2.5 billion in play. The senior creditors get that. Now some feel it isn't enough. But there are no other offers on the table. Why is that?

The corruption part is when he takes:
a) these stolen assets
b) taxpayer money
and uses them to reward his campaign contributors (UAW).

None of that was done. The assets weren't stolen, they are in BK proceedings. And Obama isn't rewarding anyone. The new Chrysler is just trying to get the unions to buy into the success of the new company.



To: Joe NYC who wrote (483871)5/28/2009 4:42:05 PM
From: tejek  Read Replies (1) | Respond to of 1573925
 
Nonsense. If any of the investors truly thinks that Chrysler is worth more than the $2 billion the government is offering, why don't they make a counter-offer?

Offer for what? They already "own" the assets.

The "takings" part is when Obama steps in, takes the assets for peanuts.

This is a country of laws. It is not a third world Eastern European satellite. The BK court is doing what its set up to do. [EOS]


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