Posted on 04/30/2009 10:38:51 AM PDT by reaganaut1
Michigan Gov. Jennifer Granholm lashed out at three of the nation’s leading hedge fund companies saying their holding out for more in negotiations with Chrysler were leading the car company down the road towards bankruptcy.
“I m strongly urging those who are hedge fund managers to ensure that Chrysler is not forced into bankruptcy because they are holding out,” she said. “The hedge funds, those are the ones that have been previously charged with having made a lot of money by flipping paper, they are holding out as we speak–right now. The future of Chrysler is in the hands of some of these hedge funds who want to hold out for a greater profit. So on behalf of Michigan and on behalf of the thousands of people who will be effected if this company were forced into bankruptcy, I am publicly asking these hedge funds to not be greedy.”
She named three companies — Perella Weinberg Partners, Stairway Capital, Oppenheimer Funds — saying they were among the funds holding out.
Thank God thank God thank God.
Congratulations Governor Granholm! You have helped destroy Michigan.
I know several people who are abandoning the state. These folks, the exact type the state needs, have had enough. I am hoping that enough Republicans forsake that Liberal Democrat toilet and move to states that have a chance of going RED.
See also: John Edwards, employment history
Get lost—you and your little crusade against AIG don’t belong on this thread.
It makes little difference, the non agreement will still be funded by the tax payers, as I heard the bond holders had their position insured by that great company AIG.. Bunch of crooks.
Now where does my calling AIG a bunch of crooks say anything about the bond holders.
Actually I said, the tax payers were on the hook no matter what and they should get the same as the stupid Treasury department has been paying others.
And if they had all went to bankruptcy, like they should have none of them would have got spit!
And you would not have been running around with your class warfare nonsense.
Isn’t this a case of the pot calling the kettle black?
Ask Jim If you run the place and let me know the answer!!
The Water Winter Welfare Wonderland.
I’m waiting for them to launch pirate ships on Lake Michigan.
Obviously you can post if you choose to. But you’re clearly unbalanced and disturbed, and it’s evident to everyone who’s actually discussing this article.
So when Gov. Granholm raises taxes to balance the State budget remind her she’s being ‘greedy’.
yeah, the canadian socialist feminazi says the hedge funds are greedy, while she raises taxes high enough to force people and businesses to flee, yet SHE is not greedy.....
You can’t even spell and you call me uneducated? (Hint: “background” is one word.) I guarantee my education puts yours to shame.
*****************
Exactly right.
Jenny is on CNBC right now.
She truly defines the term liberal bonehead.
Can’t Canada take her back?
Greedy? The company would’ve went belly up without investors but now they are the enemy? What is so wrong with not wanting your investment to be taken from you?
To Grandmole - Stick it up your asterisk, you two bit summer stock actress!
This governor is incompetent. No one should listen to her. Bondholders are getting screwed on this UAW bailout deal. They are better off getting what they can in court then cutting any kind of deal with the unions. IN FACT, the bondholders are considered a secured debt and are in the front of the line in bankruptcy court. If they take the Obama UAW bailout deal thy will never never never see any profit from their worthless stocks ever again.
Obama and his hosers are lying crooks. Such claims that these bondholders are greedy wealthy thugs is unjustified. There are plenty of Chrysler bondholders from pensions, moms and pops etc. that depend on this money for retirement and to live. .
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.