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Statement From Non-Tarp Lenders of Chrysler (Bondholders say Obama is trying to screw them)
The Wall Street Journal ^
| April 30, 2009
| Stephen Grocer
Posted on 04/30/2009 8:55:39 AM PDT by St. Louis Conservative
click here to read article
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To: ridesthemiles
I don’t think Newt is a lawyer, but he would make a damn good expert witness. And Rudy isn’t a securities or bankruptcy lawyer, but OMG what a dream team he could assemble!
To: SMM48
Bill Griffeth on CNBC just said it will take the “mother of all incentive programs” to get people to buy from Chrysler
To: ridesthemiles
"How about Rudy and Newt heading a group of lawyers to challenge these bankruptcies????"
How about Mark Levin? He's a constituitional lawyer.
63
posted on
04/30/2009 9:46:15 AM PDT
by
LADY J
To: St. Louis Conservative
This is a David vs Goliath story and should be watched closely. The Contract Laws that are the Foundation of what's left of our Free Economy are at stake. I hope the Bondholders can manage to push Chrysler into the courts where they are likely to get some justice!
64
posted on
04/30/2009 9:48:59 AM PDT
by
iopscusa
(El Vaquero. (SC Lowcountry Cowboy))
To: Springman; sergeantdave; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; ...
If you would like to be added or dropped from the Michigan ping list, please freepmail me.
65
posted on
04/30/2009 9:52:18 AM PDT
by
grellis
(I am Jill's overwhelming sense of disgust.)
To: Dinah Lord
And he can take his shared sacrifice and stick it where the sun dont shine. I couldn't bring myself to watch the travesty. Did he actually use the phrase "shared sacrifice"? Ayn Rand had a great line that went something like, "When men call for sacrifice, check to see who is collecting the sacrificial offerings".
66
posted on
04/30/2009 9:55:33 AM PDT
by
garbanzo
(Government is not the solution to our problems. Government is the problem.)
To: keepitreal
These are bondholders. They loaned money to Chrysler. People used to use phrases like "My word is my bond" to indicate that they were trustworthy individuals. People used to treat debts like sacred obligations which is why bankruptcy was so shameful. People saw it as tantamount to theft. But that was then and this is now.
67
posted on
04/30/2009 9:58:48 AM PDT
by
garbanzo
(Government is not the solution to our problems. Government is the problem.)
To: garbanzo
I know. It’s disgraceful.
68
posted on
04/30/2009 10:00:25 AM PDT
by
keepitreal
(Obama brings change: an international crisis (terrorism) within 6 months)
To: garbanzo
The President of the United States referred to bondholders as speculators. Bonds are allegedly the most safe of investment vehicles. Now even those who invested most prudently are being condemned as wicked manipulators of the free market for their own selfish and greedy ends. Is this leadership? Can’t everyone see that this president is calling good stewardship bad citizenship and calling virtue vice?
69
posted on
04/30/2009 10:22:24 AM PDT
by
Aloysius88
(1/2 a million tax protesters must all be cranks.)
To: org.whodat
Without Vaseline no doubt just salt.
70
posted on
04/30/2009 10:32:38 AM PDT
by
Vaduz
To: org.whodat
Without Vaseline no doubt!!! In Obummer's case it will need to be KY jelly.
To: nascarnation
a small group of speculators endangering Chryslers future With Chrysler's (mis)Management and the UAW, there was no future to be endangered.
To: grellis; St. Louis Conservative; All
Thanks for the ping; post. Great thread/comments. HOORAY Non-Tarp Lenders! BTTT!
73
posted on
04/30/2009 6:55:19 PM PDT
by
PGalt
74
posted on
05/03/2009 3:51:17 PM PDT
by
SunkenCiv
(https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
To: St. Louis Conservative
but this is like chicago style politics! and we were told Obama was the only virgin in that whorehouse!!
75
posted on
05/05/2009 8:11:17 AM PDT
by
Mr. K
(physically unable to proofreed (<---oops))
To: mgc1122
The REAL joke here is much of the bonds are held by companies that fund retirement portfolios. This is ESPECIALLY true for Michigan teachers. Funny huh?
76
posted on
05/05/2009 8:13:50 AM PDT
by
Kozak
(e)
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