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  • May 5, 2009 at 9:53 PM #15611
    SD Realtor
    Participant

    I am just trying to figure this out because honestly this is something I never ever thought I would see in my lifetime, at least not in this country.

    So now we have an automobile manufacturer, who will be owned by our government and the autoworkers union. So somebody please help me… if the company loses a ton of money, where does the government go to pay the union?

    Doesnt anyone think this is… staggering?

    What happens when the same thing goes down with GM.

    ******************

    May 5, 2009 at 9:59 PM #393448
    jpinpb
    Participant

    We keep printing money til we run out of paper and ink.

    May 5, 2009 at 9:59 PM #394113
    jpinpb
    Participant

    We keep printing money til we run out of paper and ink.

    May 5, 2009 at 9:59 PM #393973
    jpinpb
    Participant

    We keep printing money til we run out of paper and ink.

    May 5, 2009 at 9:59 PM #393919
    jpinpb
    Participant

    We keep printing money til we run out of paper and ink.

    May 5, 2009 at 9:59 PM #393707
    jpinpb
    Participant

    We keep printing money til we run out of paper and ink.

    May 5, 2009 at 10:17 PM #393984
    SD Realtor
    Participant

    I know jp, I know… but printing money is… well it is to be expected.

    To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.

    Doesnt this seem kind of scary to you?

    *************

    I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.

    May 5, 2009 at 10:17 PM #394123
    SD Realtor
    Participant

    I know jp, I know… but printing money is… well it is to be expected.

    To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.

    Doesnt this seem kind of scary to you?

    *************

    I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.

    May 5, 2009 at 10:17 PM #393929
    SD Realtor
    Participant

    I know jp, I know… but printing money is… well it is to be expected.

    To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.

    Doesnt this seem kind of scary to you?

    *************

    I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.

    May 5, 2009 at 10:17 PM #393717
    SD Realtor
    Participant

    I know jp, I know… but printing money is… well it is to be expected.

    To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.

    Doesnt this seem kind of scary to you?

    *************

    I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.

    May 5, 2009 at 10:17 PM #393458
    SD Realtor
    Participant

    I know jp, I know… but printing money is… well it is to be expected.

    To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.

    Doesnt this seem kind of scary to you?

    *************

    I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.

    May 5, 2009 at 10:29 PM #393473
    Arraya
    Participant

    Don’t worry about it your government is in control.

    http://money.cnn.com/2009/05/05/news/companies/chrysler_loans/?postversion=2009050517
    “While we do not expect a recovery of these funds, we are comfortable that in the totality of the arrangement, the Treasury and the American taxpayer are being fairly compensated,” said the official.

    Actually, they defaulted on 7 billion of bailout money but I believe they are Italy and Fiat’s problem now. I also noticed that the loan that they held for 3 months and bk’d on had a 300 million dollar fee on it. So somebody is making money. Besides, 7 billion is chump change these days. If AIG or BOA sneezes it cost 10 billion or so. Actually, BOA needs another 34 billion. Since the stress test were not that stressful they will definitely need more money in the future. So we got that going for us.

    May 5, 2009 at 10:29 PM #393944
    Arraya
    Participant

    Don’t worry about it your government is in control.

    http://money.cnn.com/2009/05/05/news/companies/chrysler_loans/?postversion=2009050517
    “While we do not expect a recovery of these funds, we are comfortable that in the totality of the arrangement, the Treasury and the American taxpayer are being fairly compensated,” said the official.

    Actually, they defaulted on 7 billion of bailout money but I believe they are Italy and Fiat’s problem now. I also noticed that the loan that they held for 3 months and bk’d on had a 300 million dollar fee on it. So somebody is making money. Besides, 7 billion is chump change these days. If AIG or BOA sneezes it cost 10 billion or so. Actually, BOA needs another 34 billion. Since the stress test were not that stressful they will definitely need more money in the future. So we got that going for us.

    May 5, 2009 at 10:29 PM #394138
    Arraya
    Participant

    Don’t worry about it your government is in control.

    http://money.cnn.com/2009/05/05/news/companies/chrysler_loans/?postversion=2009050517
    “While we do not expect a recovery of these funds, we are comfortable that in the totality of the arrangement, the Treasury and the American taxpayer are being fairly compensated,” said the official.

    Actually, they defaulted on 7 billion of bailout money but I believe they are Italy and Fiat’s problem now. I also noticed that the loan that they held for 3 months and bk’d on had a 300 million dollar fee on it. So somebody is making money. Besides, 7 billion is chump change these days. If AIG or BOA sneezes it cost 10 billion or so. Actually, BOA needs another 34 billion. Since the stress test were not that stressful they will definitely need more money in the future. So we got that going for us.

    May 5, 2009 at 10:29 PM #393733
    Arraya
    Participant

    Don’t worry about it your government is in control.

    http://money.cnn.com/2009/05/05/news/companies/chrysler_loans/?postversion=2009050517
    “While we do not expect a recovery of these funds, we are comfortable that in the totality of the arrangement, the Treasury and the American taxpayer are being fairly compensated,” said the official.

    Actually, they defaulted on 7 billion of bailout money but I believe they are Italy and Fiat’s problem now. I also noticed that the loan that they held for 3 months and bk’d on had a 300 million dollar fee on it. So somebody is making money. Besides, 7 billion is chump change these days. If AIG or BOA sneezes it cost 10 billion or so. Actually, BOA needs another 34 billion. Since the stress test were not that stressful they will definitely need more money in the future. So we got that going for us.

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