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

To: combjelly who wrote (681891)	10/31/2012 3:32:52 PM
From: i-node	Read Replies (1) \| Respond to of 1573434

Talk about clueless. There were no private investors by then. I guess you were too drunk during that time to remember, but the global economy has seized up. As demonstrated by the Baltic Dry Index at the time, Capemax shipping was almost zero, primarily because no one trusted lines of credit. No one was investing in anything, even safer investments that that would have been. Well, for openers, I'm a T-Totaler, so I guess that's not it. But your claim is ridiculous. As part of TARP, the federal government guaranteed BILLIONS in debt that was successfully sold, at lesser rates than would have been offered as part of a GM refinancing. In addition, GM had the prerogative of offering warrants to make the debt better, and would have been coming to the market with a cleaner balance sheet. So, somehow, you are concluding that government guaranteed debt with lesser coupon rates and no equity option would have been held in lower esteem by the market that a much stronger debt offering. That's ridiculous. It just doesn't work that way. You do not know what you're talking about. >> Just look at a fact checking site. I really don't know of one that isn't run by liberals. You want to recommend one?