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Old April 17th, 2009, 08:58 PM   #1
Mr Toes - R.I.P.
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Default Barrack Butsecks

Obama has rejected G.Ms restructuring plan and has all but said he will make them file banckruptcy...

Ohitler also gave A.I.G. a boat load of money....

Could it be there is a connection between G.M. going bankrupt and A.I.G. getting a ton of money that would actually benifit some rich Obama supporters....Naaa say its not true...

Press reports indicate that bondholders are reluctant to engage in meaningful negotiations with GM. These negotiations are critical to ensuring the company remains viable and, most importantly, minimizing worker job losses and retiree benefit cuts during restructuring. Specifically, questions have arisen as to whether some GM bondholders own credit default swaps (CDS) on GM debt with American International Group (AIG). Secretary Geithner has previously stated that, due to the injection of taxpayer dollars, AIG "fully met its obligations" - in sum, it paid 100 cents on the dollar on AIG's CDS contracts. Thus, if GM enters bankruptcy, GM's bondholders with CDS contracts from AIG could be assured of getting all their money back - if not more - because the American taxpayer is now guaranteeing these contracts with AIG.



To draw attention to a possible connection between AIG and GM bondholders, on April 1, 2009, I sent a letter to Treasury Secretary Timothy Geithner and Federal Reserve System Chairman Ben Bernanke asking them about GM bondholders connections with AIG; who are the bondholders; how much were the contracts; how much could GM bondholders gain from AIG if GM entered bankruptcy; and how much would the American taxpayers have to pay to support AIG's CDS contracts on GM. Presently, a response is still pending from Treasury and the Federal Reserve.


Hmmm.... But he did get a new dog.....

Last edited by Mr Toes - R.I.P.; April 17th, 2009 at 09:09 PM.
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Old April 17th, 2009, 09:08 PM   #2
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Toes,
You are going to have black helicopters flying over your house.
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Old April 17th, 2009, 09:14 PM   #3
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I saw "Barrack Butsecks"

and thought Barrack Butsecks? shit i should join the military
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Old April 17th, 2009, 09:19 PM   #4
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Originally Posted by Mr Toes View Post
Obama has rejected G.Ms restructuring plan and has all but said he will make them file banckruptcy...

Ohitler also gave A.I.G. a boat load of money....

Could it be there is a connection between G.M. going bankrupt and A.I.G. getting a ton of money that would actually benifit some rich Obama supporters....Naaa say its not true...

Press reports indicate that bondholders are reluctant to engage in meaningful negotiations with GM. These negotiations are critical to ensuring the company remains viable and, most importantly, minimizing worker job losses and retiree benefit cuts during restructuring. Specifically, questions have arisen as to whether some GM bondholders own credit default swaps (CDS) on GM debt with American International Group (AIG). Secretary Geithner has previously stated that, due to the injection of taxpayer dollars, AIG "fully met its obligations" - in sum, it paid 100 cents on the dollar on AIG's CDS contracts. Thus, if GM enters bankruptcy, GM's bondholders with CDS contracts from AIG could be assured of getting all their money back - if not more - because the American taxpayer is now guaranteeing these contracts with AIG.



To draw attention to a possible connection between AIG and GM bondholders, on April 1, 2009, I sent a letter to Treasury Secretary Timothy Geithner and Federal Reserve System Chairman Ben Bernanke asking them about GM bondholders connections with AIG; who are the bondholders; how much were the contracts; how much could GM bondholders gain from AIG if GM entered bankruptcy; and how much would the American taxpayers have to pay to support AIG's CDS contracts on GM. Presently, a response is still pending from Treasury and the Federal Reserve.


Hmmm.... But he did get a new dog.....

I hope all of those Auto Union workers that jumped up and down with glee when Obama won are happy with their choice for President.
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Old April 17th, 2009, 09:34 PM   #5
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I saw "Barrack Butsecks"

and thought Barrack Butsecks? shit i should join the military
Stop it.... go change some diapers...
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Old May 27th, 2009, 07:25 AM   #6
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Todays Headlines

GM says Bondholder Offer Fails; Bankruptcy Closer- AP
General Motors Corp. says not enough of its bondholders agreed to swap their debt for company stock, meaning the troubled automaker is almost certainly headed for bankruptcy protection.


Timothy Geithner and Federal Reserve System Chairman Ben Bernanke have provided NO answers or information relative to the relationship between AIG and the GM bond holders.....

You are taking an ass packing, how does it feel.......
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Old May 27th, 2009, 07:44 AM   #7
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Well if I do remeber correctly the majority voted for change and I hope they like the change they re getting. It can only change more... for the worse. To eliminate the middle class, take away our right to bear arms, ( or make it so damm expensive ) and oh ya our freedom. Go figure who woulda thought that a smooth talking Democrat would LIE about how he is going to change things for the better. I wonder better for who?
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Old May 27th, 2009, 11:10 AM   #8
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Why is Ford doing so much better than the other 2? If there were 2 companies that were going bankrupt and one other company who was in the clear, would you give the failing companies money? They've had time to come up with new strategies, but have failed. Ohhh how about a hybrid-electic car for over $40K in a poor economy! I think that GM and Chrysler are going to fail, unless Fiat somehow has a very large impact.

I still think that giving AIG $ is a crock though.
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Old May 27th, 2009, 11:24 AM   #9
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unless Fiat somehow has a very large impact.
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Old May 27th, 2009, 01:34 PM   #10
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unless Fiat somehow has a very large impact.
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Yeah, like OOOOH OOOOH OOOOOH I CANT WAIT!



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Old May 27th, 2009, 01:56 PM   #11
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nuggets is going to shit bricks when he see those fiats
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Old May 27th, 2009, 02:34 PM   #12
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Why is Ford doing so much better than the other 2?
ford got rid of some assets to free operating capital. look for ford's sales to increase.

obama and his dummy brigade have announced that they are going to make trucks and suvs or any other vehicle made by gm that doesn't make the 35.5 mpg onegro standard out of the price range of anyone but the very wealthy and try to force people to buy the vehicles that the government wants you to buy because they are in control of an automaker and will be steering the wheel. BYE, BYE GM. when this happens ford will skyrocket into the king. I have a feeling ford is going to tell oblackma to fukc off. the people of this nation had no idea how fast the dems would turn the usa into the ussr.
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Old May 27th, 2009, 05:50 PM   #13
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Looks Like Ford Is The Big One, us against the dems

Bring on Korea now...Toe's
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Old May 31st, 2009, 09:16 PM   #14
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republi
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Well if I do remeber correctly the majority voted for change and I hope they like the change they re getting. It can only change more... for the worse. To eliminate the middle class, take away our right to bear arms, ( or make it so damm expensive ) and oh ya our freedom. Go figure who woulda thought that a smooth talking Democrat would LIE about how he is going to change things for the better. I wonder better for who?
No you did not remember correctly. 53,000,000 million people voted for the shit head (That wasn't too blunt was it?), out of what....350,000,000 people in the united states or a little less? That's about 15%.

He never said anything about changing for the better, only that there was going to be change. Normal people can not imagine how sick this mind is. The change is for the betterment of him and the party. It's surface thinking that will create a large enough voting population that are addicted to their give-away programs. It's all about their power and the firm belief of BO that the acheiver aquired prosperity unjustly, and that he has been selected to return the wealth to the rightful owners-the under achiever.
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Old May 31st, 2009, 09:27 PM   #15
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That is quite possibly the most disgusting car I have ever seen.
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Old June 1st, 2009, 11:19 AM   #16
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Does anybody get the feeling that Obama will do everything he can to bring Ford down? He's talking about buying a massive new fleet of government cars, how many of those do you think will be Fords?
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Old June 1st, 2009, 12:01 PM   #17
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Does anybody get the feeling that Obama will do everything he can to bring Ford down? He's talking about buying a massive new fleet of government cars, how many of those do you think will be Fords?
fords sales will go up simply because they have no government intervention. the government will respond by hitting them with heavy, heavy taxes and increased regulation to even the playing field. I cannot believe that people don't think the government with 60% control aren't going to interfere.
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Old June 1st, 2009, 12:17 PM   #18
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fords sales will go up simply because they have no government intervention. the government will respond by hitting them with heavy, heavy taxes and increased regulation to even the playing field. I cannot believe that people don't think the government with 60% control aren't going to interfere.
I can't believe too many people really believe it. I really don't see this whole mess lasting four years anyway. Who ever heard of a ninja holding down a job for four years? He won't last 2. I hope he's prosecuted for treason and executed.
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Old June 1st, 2009, 12:31 PM   #19
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This thread is exactly the reason why im going to start my own country. Oh and Ford was the smart one, GM held out too long. Ford started to change, GM and Chrysler didnt, is it that hard ot figure out WHY GM went belly up?
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Old June 1st, 2009, 12:41 PM   #20
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This thread is exactly the reason why im going to start my own country. Oh and Ford was the smart one, GM held out too long. Ford started to change, GM and Chrysler didnt, is it that hard ot figure out WHY GM went belly up?
From being inside both Ford AND GM, I can tell you that Ford started change a bit earlier, however, GM has been restructuring from 2005.

Ford mortgaged everything they had for $20B (I believe), well before the wall street crisis (remember when banks used to loan money?). By the time GM needed money, it was too late to secure any kind of loans (I think GM could have, at a 15% interest rate...).

Ford had good foresight, however, part of them getting their own loans early is because they were farther along in needing the money before GM. Ford is going to run out of money soon, then what?

I still cannot believe they are getting the quality accolades I read about; when I was there, management was going through product development and cutting headcount to save costs (all while retaining a very top-heavy organization). I'm happy for them, but at the same time, I wonder how long it takes for those management mistakes/workforce reductions to come back and bite them in the ass.
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