Comments on: AP: Bondholders Causing GM Bankruptcy http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy Sun, 22 Nov 2009 06:10:23 -0500 http://wordpress.org/?v=abc hourly 1 By: wirenut http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148151 wirenut Thu, 28 May 2009 04:23:16 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148151 I remember a time when the only thing that stopped you, was your own ambition. That striving, working hard and never giving up, was noble. I can see it in my co-workers eyes, my neighbors and my own. What we work for, we are proud of, because it is ours. Not much by some standards, but it is ours and earned. The eyes today look at government rather than to themselves. How can you be proud of anything that's not worked for or earned by your own hand? We can still pull this out and this is the only country in the world where it can happen. Freedom, rugged individualism and responsibility will reign. I will NOT go quietly. Earlier today my neighbor was washing and waxing his twelve year old riding lawn mower. Runs like a top and now looks great. Ain't that America !!! I remember a time when the only thing that stopped you, was your own ambition. That striving, working hard and never giving up, was noble. I can see it in my co-workers eyes, my neighbors and my own. What we work for, we are proud of, because it is ours. Not much by some standards, but it is ours and earned. The eyes today look at government rather than to themselves. How can you be proud of anything that’s not worked for or earned by your own hand? We can still pull this out and this is the only country in the world where it can happen. Freedom, rugged individualism and responsibility will reign. I will NOT go quietly. Earlier today my neighbor was washing and waxing his twelve year old riding lawn mower. Runs like a top and now looks great. Ain’t that America !!!

]]> By: MinnesotaRush http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148134 MinnesotaRush Thu, 28 May 2009 00:45:07 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148134 And all of it .. all of it .. gurgling forth from a guy who's s'posedly ultra familiar with and grounded in "the rule of law". Yeah. Righhhhhhht! A picture of sheep being led to slaughter keeps rolling thru my head. And all of it .. all of it .. gurgling forth from a guy who’s s’posedly ultra familiar with and grounded in “the rule of law”. Yeah. Righhhhhhht!

A picture of sheep being led to slaughter keeps rolling thru my head.

]]> By: proreason http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148070 proreason Wed, 27 May 2009 17:21:31 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148070 That's a big part of the plan........destroying capitalism. Once companies can't raise money, what will be left to create jobs in this country. Bingo!!! the government That’s a big part of the plan……..destroying capitalism.

Once companies can’t raise money, what will be left to create jobs in this country.

Bingo!!!

the government

]]> By: Snardius http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148067 Snardius Wed, 27 May 2009 17:14:46 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148067 After Obummer guts the bondholders in this GM fiasco, where will companies go to raise money? Can you see any moneymanager confidently buying the bonds of ANY company? After Obummer guts the bondholders in this GM fiasco, where will companies go to raise money? Can you see any moneymanager confidently buying the bonds of ANY company?

]]> By: proreason http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148065 proreason Wed, 27 May 2009 17:11:39 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148065 "What Obama wants to do is convert these lenders into owners who would be wiped out in a bankruptcy" More than that. He wants to wipe out the wealth of the middle class so that they can no longer challenge his authority, and to take revenge on them for not happily agreeing to racial demands for financial reparations for events of 200 years ago. Transferring a huge amount of wealth to the UAW satisfies part of the revenge goal (because the UAW has a high % of minories since it is concentrated in Detroit), and it is also payback for the UAW's knee-breaker support in the 2008 <strike>election</strike> coronation. Another point that has never been discussed here is the quality of automobiles manufactured in Detroit vs the quality manufactured in other parts of the country. It would be interesting to see a study of how the work product in Obamyland compares to the work product in other parts of the country. Of course any study would be vigorously repressed. But does anybody want to bet what the results would be? “What Obama wants to do is convert these lenders into owners who would be wiped out in a bankruptcy”

More than that.

He wants to wipe out the wealth of the middle class so that they can no longer challenge his authority, and to take revenge on them for not happily agreeing to racial demands for financial reparations for events of 200 years ago.

Transferring a huge amount of wealth to the UAW satisfies part of the revenge goal (because the UAW has a high % of minories since it is concentrated in Detroit), and it is also payback for the UAW’s knee-breaker support in the 2008 election coronation.

Another point that has never been discussed here is the quality of automobiles manufactured in Detroit vs the quality manufactured in other parts of the country. It would be interesting to see a study of how the work product in Obamyland compares to the work product in other parts of the country. Of course any study would be vigorously repressed. But does anybody want to bet what the results would be?

]]> By: Reality Bytes http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148063 Reality Bytes Wed, 27 May 2009 17:04:42 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148063 "Detroit Shakedown" the Soundtrack by The J. Geils Band http://www.youtube.com/watch?v=hakE5UwLPBc with commentary by Colonel1961. RB at the bar. Pro on drums. It's like our own SWAT Pack “Detroit Shakedown” the Soundtrack by The J. Geils Band

http://www.youtube.com/watch?v=hakE5UwLPBc

with commentary by Colonel1961. RB at the bar. Pro on drums. It’s like our own SWAT Pack

]]> By: EvaTheFrisbeeDog http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148061 EvaTheFrisbeeDog Wed, 27 May 2009 16:57:44 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148061 Spot on, but to be clear, bond holders are lenders who are to be paid back before owners (shareholders) get their cut. Who buys bonds? People who don't want the risk of ownership. For this additional safety, bondholders have a limited return, whereas shareholders can make a killing -- or in GM's case lose everything. Accordingly, more often than not bondholders are folks who have limited future earning potential. This includes retirees as well as widows and orphans. What Obama wants to do is convert these lenders into owners who would be wiped out in a bankruptcy. The idea is to put everyone in the same position so that a bankruptcy filing is less likely. In a bankruptcy filing the bondholders will get 40 cents on the dollar and the UAW contract could be renegotiated, which would actually give GM a shot at viability. But Obama wants bondholders to convert to shareholders and take on additional risk with little upside, i.e. just look at GM's new fleet of hamster wagons and clown cars, so that it's less likely the UAW will lose their negotiating leverage. He's put the UAW ahead of the entire US auto industry, just as Congress with their two-fleet CAFE regulations. This is a sham and a shame! Spot on, but to be clear, bond holders are lenders who are to be paid back before owners (shareholders) get their cut.

Who buys bonds? People who don’t want the risk of ownership. For this additional safety, bondholders have a limited return, whereas shareholders can make a killing — or in GM’s case lose everything. Accordingly, more often than not bondholders are folks who have limited future earning potential. This includes retirees as well as widows and orphans.

What Obama wants to do is convert these lenders into owners who would be wiped out in a bankruptcy. The idea is to put everyone in the same position so that a bankruptcy filing is less likely.

In a bankruptcy filing the bondholders will get 40 cents on the dollar and the UAW contract could be renegotiated, which would actually give GM a shot at viability. But Obama wants bondholders to convert to shareholders and take on additional risk with little upside, i.e. just look at GM’s new fleet of hamster wagons and clown cars, so that it’s less likely the UAW will lose their negotiating leverage.

He’s put the UAW ahead of the entire US auto industry, just as Congress with their two-fleet CAFE regulations. This is a sham and a shame!

]]> By: Snardius http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148059 Snardius Wed, 27 May 2009 16:56:13 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148059 Obama is all about redistribution of wealth. In this case...the bondholders have wealth and he wants to redistribute it to the unions. No mention of how much wealth his policies have destroyed up 'til now. Obama is all about redistribution of wealth.
In this case…the bondholders have wealth and he wants to redistribute it to the unions.
No mention of how much wealth his policies have destroyed up ’til now.

]]> By: Liberals Demise http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148057 Liberals Demise Wed, 27 May 2009 16:50:28 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148057 So much for the Liar and Thief saying they don't wanna run a car business!! Looks like they are gonna be "Used Car Salesmen" and we know how far we can trust them now don't we? So much for the Liar and Thief saying they don’t wanna run a car business!!

Looks like they are gonna be “Used Car Salesmen” and we know how far we can trust them now don’t we?

]]> By: Reality Bytes http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148056 Reality Bytes Wed, 27 May 2009 16:47:34 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148056 Colonel! You Want Shakedown?! U Got It! From The J. Geils Band. "Detroit Shakedown" Rock On & Turn Yo Speakahz Up! http://www.youtube.com/watch?v=hakE5UwLPBc Colonel! You Want Shakedown?! U Got It! From The J. Geils Band. “Detroit Shakedown”

Rock On & Turn Yo Speakahz Up!

http://www.youtube.com/watch?v=hakE5UwLPBc

]]> By: Colonel1961 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148052 Colonel1961 Wed, 27 May 2009 16:35:13 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148052 The biggest shakedown in history... The biggest shakedown in history…

]]> By: Reality Bytes http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148051 Reality Bytes Wed, 27 May 2009 16:32:21 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148051 PD! Reality has nothing to do with an activist's cause. Winning control is EVERYTHING! If you read Levin's book and want more, read David Horiwitz' "Radical Son". As the child of a two community organizing communists (sound familiar) & self described former communist himself, David can shed further light on the oppression of populist activism that we are currently being subjected to. PS: RB Tini's ain't enough my friends! PD! Reality has nothing to do with an activist’s cause. Winning control is EVERYTHING! If you read Levin’s book and want more, read David Horiwitz’ “Radical Son”. As the child of a two community organizing communists (sound familiar) & self described former communist himself, David can shed further light on the oppression of populist activism that we are currently being subjected to.

PS: RB Tini’s ain’t enough my friends!

]]> By: JohnMG http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148050 JohnMG Wed, 27 May 2009 16:30:04 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148050 What would you expect from a closet-muslim? What would you expect from a closet-muslim?

]]> By: proreason http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148049 proreason Wed, 27 May 2009 16:29:43 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148049 "recalcitrant bondholders" And when they confiscate your house and land for the "greater good", you too will be "recalcitrant". Because after all, what fun is it to be a dictator if you can't dictate? “recalcitrant bondholders”

And when they confiscate your house and land for the “greater good”, you too will be “recalcitrant”.

Because after all, what fun is it to be a dictator if you can’t dictate?

]]> By: pdsand http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148048 pdsand Wed, 27 May 2009 16:27:55 +0000 http://sweetness-light.com/archive/ap-bondholders-causing-gm-bankruptcy#comment-148048 As Ben Stein has said, when you hear shareholders, think widows and orphans, because the pension funds and other mutual type funds are the #1 investor in everything in this country. I guess the Democrat party missed that day in business class though. As Ben Stein has said, when you hear shareholders, think widows and orphans, because the pension funds and other mutual type funds are the #1 investor in everything in this country. I guess the Democrat party missed that day in business class though.

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