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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (17679)	6/1/2009 5:56:31 PM
From: SliderOnTheBlack	6 Recommendations Read Replies (1) \| Respond to of 50546

re: ["Slider, I don't see anywhere in the article about how exactly JPM or C is getting all their $ back from GM. The article insinuates that they are getting 100% of loans back from pilfering the UAW pensions? I find that hard to believe since the UAW is Obama's homies. The way the article is written, it lacks credibilty."] Here's confirmation from the Wall Street Journal... "Secured Bank Lenders to GM to Get Full Recovery" MAY 26, 2009, 8:33 P.M. ET online.wsj.com By JEFFREY MCCRACKEN and JOHN STOLL Secured bank lenders to General Motors Corp. would get a full recovery on $6 billion in loans made to the auto maker, under the bankruptcy plan being finalized this week by the U.S. Treasury, two people familiar with the matter said... Bottomline: online.wsj.com "Many bondholders, including individuals and institutions, called the offer unfair relative to what the company was offering other stakeholders, including the union and the U.S. government. A group calling themselves the Main Street Bondholders lobbied on Capitol Hill, saying the plan would wipe out the savings of tens of thousands of individuals." -------------------------------------------------------------- Like I said... 100 cents on the dollar for JP Morgan & Citi, and a bend over without vaseline for others like the Indiana Teachers & Police Pension Funds. Silly them, they thought the capital structure and the rule of law mattered. Oh, and besides getting paid 100 cents on the dollar... JP Morgan & Citi (along with Bank of America & Morgan Stanley) also got paid fee's for screwing widows & orphans, police, and teachers out of their pension fund money... --------------------------------------------------------------- bloomberg.com May 13, 2009 12:09 EDT GM Fees The banks managing GM’s exchange offer could earn as much as $136 million, according to the carmaker’s April 27 filing. Morgan Stanley, Banc of America Securities LLC, Citigroup and JP Morgan will each get 20 percent of the total, the filing shows. Julie Gibson, a spokeswoman for GM, declined to comment. -------------------------------------------------------------- I think Pravda pretty much has the story right... english.pravda.ru "American capitalism gone with a whimper" It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people. True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists. Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters. First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish. Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America. The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe. These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them? ---------- SOTB