Comments on: Detroit Bailout: Conflicted and Confused http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/ An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right Wed, 30 May 2012 15:56:38 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: stopthepresses http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/comment-page-1/#comment-167673 stopthepresses Mon, 22 Dec 2008 17:17:51 +0000 http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/#comment-167673 More Minnesota senate race ballots found for Franken on cereal boxes. Learn more at, <a href="http://stopthepresses2.blogspot.com" rel="nofollow">http://stopthepresses2.blogspot.com</a> More Minnesota senate race ballots found for Franken on cereal boxes. Learn more at, http://stopthepresses2.blogspot.com

]]> By: PattyDaddy http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/comment-page-1/#comment-167628 PattyDaddy Mon, 22 Dec 2008 01:13:21 +0000 http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/#comment-167628 "PattyDaddy, you still don't answer my question. Who will finance the bankruptcy proceedings?"<br><br>Sorry, I've been out stimuating the economy. You are assuming that Chapter 11 is the only route. If no one will finance the bankruptcy, then the companies would be liquidated. “PattyDaddy, you still don't answer my question. Who will finance the bankruptcy proceedings?”

Sorry, I've been out stimuating the economy. You are assuming that Chapter 11 is the only route. If no one will finance the bankruptcy, then the companies would be liquidated.

]]> By: Jim_Satterfield http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/comment-page-1/#comment-167604 Jim_Satterfield Sun, 21 Dec 2008 19:44:18 +0000 http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/#comment-167604 PattyDaddy, you still don't answer my question. Who will finance the bankruptcy proceedings? PattyDaddy, you still don't answer my question. Who will finance the bankruptcy proceedings?

]]> By: PattyDaddy http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/comment-page-1/#comment-167592 PattyDaddy Sun, 21 Dec 2008 16:20:50 +0000 http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/#comment-167592 Lead follow or get out of the way. This post is plain vanilla with no beans (vanilla). Over the years the Detroit automakers were stupid to give in to the UAW contract demands. The UAW was stupid to hitch their horse to the stupid leadership at the Detroit Automakers. Now the politicians will pursue stupid policies to "avert" an economic meltdown. Talk about a ponzi scheme. Wait awhile and as your left holding the bag watch it all melt down awash in inept corporate leadership; whining, greedy, bed-wetting workers; and finger-pointing, running-for-cover, loser politicians. The laws of economics demand bankruptcy for GM and Chrysler all of the efforts to prop them up will be like pissing into the wind. Like New Orleans, where the uninformed were led to believe they could live safely below sea level the auto worker and their dependants are being told that better days are to come. I suggest they line up for the life boats while they can. Unfortunately there are not enough to go around. Lead follow or get out of the way. This post is plain vanilla with no beans (vanilla). Over the years the Detroit automakers were stupid to give in to the UAW contract demands. The UAW was stupid to hitch their horse to the stupid leadership at the Detroit Automakers. Now the politicians will pursue stupid policies to “avert” an economic meltdown. Talk about a ponzi scheme. Wait awhile and as your left holding the bag watch it all melt down awash in inept corporate leadership; whining, greedy, bed-wetting workers; and finger-pointing, running-for-cover, loser politicians. The laws of economics demand bankruptcy for GM and Chrysler all of the efforts to prop them up will be like pissing into the wind. Like New Orleans, where the uninformed were led to believe they could live safely below sea level the auto worker and their dependants are being told that better days are to come. I suggest they line up for the life boats while they can. Unfortunately there are not enough to go around.

]]> By: mikkel http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/comment-page-1/#comment-167583 mikkel Sun, 21 Dec 2008 06:58:40 +0000 http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/#comment-167583 One word: bondholders. GM especially has so much debt that it is going to be hard for them to even make their interest payments from existing bonds, let alone pay off any government loans. Bankruptcy can be used as a cramdown for bondholders...but I don't know if it's worth the risk that something would go wrong. One word: bondholders. GM especially has so much debt that it is going to be hard for them to even make their interest payments from existing bonds, let alone pay off any government loans. Bankruptcy can be used as a cramdown for bondholders…but I don't know if it's worth the risk that something would go wrong.

]]> By: Jim_Satterfield http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/comment-page-1/#comment-167575 Jim_Satterfield Sun, 21 Dec 2008 00:59:27 +0000 http://themoderatevoice.com/25132/detroit-bailout-conflicted-and-confused/#comment-167575 When I see posts about this issue I want to know where the people who say normal bankruptcy procedures should be followed think that the DIP financing necessary for successful Chapter 11 will come from. I have yet to get an answer. Some say they should file a prepackaged bankruptcy and the financing can come from the government for that. For those people I ask "What's the difference between that and what's happening now except for the name?". Look at the conditions being set on the companies and unions. Is it really that different from a packaged bankruptcy? I don't think so. When I see posts about this issue I want to know where the people who say normal bankruptcy procedures should be followed think that the DIP financing necessary for successful Chapter 11 will come from. I have yet to get an answer. Some say they should file a prepackaged bankruptcy and the financing can come from the government for that. For those people I ask “What's the difference between that and what's happening now except for the name?”. Look at the conditions being set on the companies and unions. Is it really that different from a packaged bankruptcy? I don't think so.

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