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Imperial Forum → Politics → The "Rescue Plan" as its being portrayed by the US.
@Yell: yeah. In the current state, if govt. pays only to the companies that are not doing that well. So, it is the "kiss of death."
I dunno much about Paulson's plan though, other than the headlines on the news.
And GM will pick itself up, don't worry about that Justinian. Their current quality has been going up in the recent years.
LOL
GM market cap is 5B
GM has 22B in cash?
There is just over 1T in CDS betting on GM going bust.
Who do you think will win that race?
Lol Yell you most likely only say that stuff because you're one of those without much to lose. Others who have been taking care to invest their earnings in stock and properties wouldn't be so blase about the situation.
It's important to remember that the bailout hasn't exactly "benefited" shareholders so far. The bailout has to happen regardless of whether it was the govt or fed reserve that caused the mess in the first place, we've simply reached a point without return. People seem to fail to grasp that this has the potential to be worst than the Great Depression with zero intervention. If you think govt intervention is bad now, wait till those times return and people start clamouring for more social programs and state care.
And yes I'm simply amazed GM has managed to stick around for so long. Nothing to do with employee wages and benefits, just crappy management and "innovation" (aka SUVs to go along with higher oil prices). The Japanese provide a ton of benefits to their employees as well outside of wages which somehow magically never seems to get quoted.
Theres no excuse for panic, ever, on anything. "Omg omg Dow Jones at 8000 aaaaa bailout bailout". That is panic. Throwing $120 billion into AIG without an audit is panic. Borrowing $700 billion to buy off a recession is panic. We have had depressions before and survived. The capital is out there, what we need is time for the weak firms to fail and for govt to stop gouging people's cash. Then we'd see people's urge to make money come back into play in 2009 when we have a better idea who's stable.
> Black_Wing wrote:
> Glad I went to cash.....
PG is up. 50% of my equitiy exposure is now PG.
20% GLW ( I cant let it go.....just to beatenup....P/E of 4.7 is a joke)
30% C, BAC
60% Cash.....overall.
Great picks genius
You only down like 50% in 2 months.
In your words - Is it time for me to come out of my cave yet?
lol
NO 
OMG NOoooooooooooooooooooooo
Bail out citigroup?
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3ArjWNoRSKw&refer=worldwide
YOU ASSES
YOU MONKEYMORONS
when you declare a company is "TOO BIG TO FAIL" you assume TOTAL RESPONSIBILITY for 100% of its assets and liabilities
wtg idiots you just ate another $2.1 TRILLION that is 2,100,000,000,000 dollars, that is the freaking size of the federal budget for a year, that is 1/5 of GDP
You maniacs! You really did it!
Damn you!
God damn you all to hell!!!!
/pounds beach
Imperial Forum → Politics → The "Rescue Plan" as its being portrayed by the US.
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