Chrysler Bailout - Bullshit

Discussion in 'Politics' started by Manuel, Dec 11, 2008.

  1. Manuel
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    Manuel *****

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    Although Cerberus owns 80% of now troubled Chrysler Corporation, it has refused to inject cash into Chrysler, as Sen. Bob Corker pointed out at a hearing about the economic needs of the American automobile industry on December 4, 2008. In response to questioning at a hearing before the House committee on December 5, 2008 by Rep. Ginny Brown-Waite, Chrysler President and CEO Robert Nardelli said that Cerberus' other fiduciary obligations to its other investors and investments prohibited it from injecting capital.





    http://www.propublica.org/article/chryslers-owners-keep-balance-sheets-secret-1210



    Cerberus - Company Profile
     
  2. WillowTree
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    WillowTree Diamond Member

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    Did ya send a memo to BoBo???




    :clap2:
     
  3. rayboyusmc
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    rayboyusmc Senior Member

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    Why do the banks get 350 billion for free and we are wetting our pants over the 15 billion for the auto industry?
     
  4. Manuel
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    Manuel *****

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    That doesn't make it better. Somehow I get the feeling that $15 billion is seens a small amount these days :cuckoo:
     
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  5. rayboyusmc
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    rayboyusmc Senior Member

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    That's not my point. The politicians who are up in arms against this were not against the bailout to the money lenders. That 350 billion was given by Paulson in secret. We have no idea who got what or how much, and none of the dik heads in DC are talking about that. Plus they will not have to pay it back. Interesting that banks whose business is to lend money at an interest rate and get paid back, don't have to live by these rules.

    The auto industry will have to pay this money back with interest and there will be strings attachde to how they use it.

    Why has the fucking banking friends of the rich gotten off scott fucking free?
     
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  6. Jon
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    Jon The CPA

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    Some of us were against that bailout, too.

    Let them all fail.
     
  7. Manuel
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    Manuel *****

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    You are absolutely right about that!

    Do you really believe that?
     
  8. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    Because Wall Street owns Washington, duh. The republicans are aligned with the Rockefeller interests, the democrats are aligned more with the Morgan interests, but either way, Wall Street wins.

    Yeah, the oil companies have some clout. Teachers unions, AARP, trial lawyers, farmers, Israelis, the NRA? Yep, they all have a good bit of pull too. The car companies? Ha!
     
    Last edited: Dec 11, 2008
  9. DavidS
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    DavidS Anti-Tea Party Member

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    Because it won't end at $15 billion and every sensable person knows this. It will end at around $150-$250 billion. You give them something now, it's going to be a lot harder to say no later.
     
  10. Gunny
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    Gunny Gold Member

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    Won't matter this time around. The deal went bust and Congress MUST have its Christmas break at taxpayer expense.
     

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