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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Bank Holding Company who wrote (265578)8/1/2010 3:07:36 PM
From: Jim McMannisRespond to of 306849
 
No. Everyone should go down with the ship.



To: Bank Holding Company who wrote (265578)8/1/2010 5:08:52 PM
From: Skeeter BugRespond to of 306849
 
in case you missed it...

>>No. Everyone should go down with the ship.<<

THE FRAKKING LAW should have been followed.

THE FRAKKING LAW would've made sure that the shareholders took a big hit.

SUBVERTING THE LAW FOR THE CONVENIENCE OF THE ELITES IS TYRANNY, BROTHER.

AND IT WILL MARCH ON AND ON AND ON AND ON UNTIL GUYS LIKE YOU STAND UP AND STOP IT!

it will consume YOU, too. eventually.

not to mention the very unfair and immoral way the government went around closing the dealership competition of their special interest car dealers.



To: Bank Holding Company who wrote (265578)8/1/2010 6:59:00 PM
From: The ReaperRead Replies (1) | Respond to of 306849
 
The GM shareholders got taken out and shot. The federal govt bailed them out and life goes on. Isn't that how the system is supposed to work?

The problem is that the bondholders got taken out and shot as well when there were other solutions available than a government takeover. Other entities could have come in and reorganized GM and Chrylser. That is how the system is supposed to work after everybody takes a haircut. The way the government did it, everybody took a beheading except the UAW. A normal bankruptcy according to bankruptcy law would have required the UAW to suffer as well with renegotiated contracts, but Obama can't have that.