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To: Cactus Jack who wrote (240559)	3/11/2010 1:48:10 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

Watchdog: GMAC bailout could cost taxpayers $6.3B news.yahoo.com WASHINGTON – The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers $6.3 billion, a new watchdog report says. The government said the $17.2 billion bailout was a necessary step to save troubled automakers General Motors and Chrysler. GMAC provides critical financing to auto dealers, who borrow to finance their fleets until the cars can be sold to consumers. Yet GMAC faced far fewer conditions than the bailed-out automakers, the report says. When the automakers were rescued, they were forced into bankruptcy. Shareholders lost their investments, creditors took a hit and executives were forced to detail plans for making the companies viable. GMAC was treated more like banks that received bailouts without having to explain what they were doing with the money, the report says. The report was released Thursday by the Congressional Oversight Panel overseeing the $700 billion financial bailout that Congress passed in October 2008.

To: Cactus Jack who wrote (240559)	3/11/2010 2:27:57 AM
From: No Mo Mo	Read Replies (2) \| Respond to of 306849

Luc seemed like a different poster altogether. If you didn't know him from those days, you'd never guess he used to be such a provocateur. Guess he's aged into a fat and happy grizzly. <g> I used to hold D(H)Ell. Luc would show up on the thread periodically and stir up the fear: Message 4068480 Click back through the replies. He's positively voluble. <g> siliconinvestor.com Sure is long way from there to, "HO HO HO". Dang, SI was BIZZY back then. That Dell thread had two or three hundred posts some days. Amateurs and day traders all got washed out? Meanwhile, on one of the most bullish (some said Clownish) threads, one of the most colorful posters ever to tap words into an SI dialog box shared his strategy on covered calls: Message 13163095