Chrysler Not Likely To Pay Back Govt Loans - GoFuckYourself.com

BFT3K · 05-06-2009, 12:41 PM

http://www.cbsnews.com/blogs/2009/05...y4996099.shtml

PornMD · 05-06-2009, 01:39 PM

Ugh, seriously wtf is that bullshit? Thank you, govt! We always wanted to throw billions of dollars away on a shitty car company. Now watch one of the banks the govt helps goes under and we see tens of billions more fizzle into nothing.

12clicks · 05-06-2009, 01:44 PM

how dare you question obama, our lord and savior!

12clicks · 05-06-2009, 01:48 PM

http://www.nytimes.com/2008/11/11/us...11auto.html?hp

The Bush administration, which has presided over a major intervention in the financial industry, has balked at allowing the automakers to tap into the $700 billion bailout fund, despite warnings last week that General Motors might not survive the year.

Mr. Obama and Congressional Democratic leaders say the bailout law authorizes the administration to extend assistance.

Mr. Obama went into his post-election meeting with Mr. Bush on Monday primed to urge him to support emergency aid to the auto industry, advisers to Mr. Obama said.

Fat Panda · 05-06-2009, 01:49 PM

anyone expect anything different?

IllTestYourGirls · 05-06-2009, 01:51 PM

Where are all the Obama people in this thread?

Who needs "tax cut for the rich" when you can just give them billions?

96ukssob · 05-06-2009, 01:56 PM

honestly, you are surprised?

what they probably did was take the billions they had "loaned" to them and used it to pay for salaries and pay back some larger share holders so when they go bankrupt, the big wigs at the company dont have to worry about money for the next few years

personally i think its fucked up that this was ever done. they fully knew what was happening and stole billions from hard working tax payers so the upper level management could continue to bring in 6+ figures for years to come.

IllTestYourGirls · 05-06-2009, 01:57 PM

Maybe it was because of the way Obama and his peeps acted?

http://www.businessinsider.com/new-a...chysler-2009-5

Quote:

The sources, who represent creditors to Chrysler, say they were taken aback by the hardball tactics that the Obama administration employed to cajole them into acquiescing to plans to restructure Chrysler. One person described the administration as the most shocking "end justifies the means" group they have ever encountered. Another characterized Obama was "the most dangerous smooth talker on the planet- and I knew Kissinger." Both were voters for Obama in the last election.

One participant in negotiations said that the administration's tactic was to present what one described as a "madman theory of the presidency" in which the President is someone to be feared because he was willing to do anything to get his way. The person said this threat was taken very seriously by his firm.

12clicks · 05-06-2009, 02:00 PM

Quote:

Originally Posted by bossku69

honestly, you are surprised?

what they probably did was take the billions they had "loaned" to them and used it to pay for salaries and pay back some larger share holders so when they go bankrupt, the big wigs at the company dont have to worry about money for the next few years

personally i think its fucked up that this was ever done. they fully knew what was happening and stole billions from hard working tax payers so the upper level management could continue to bring in 6+ figures for years to come.

incorrect.
nice fantasy but what they did was buy the company with tax payer money and give it to the unions.

cykoe6 · 05-06-2009, 02:01 PM

Chrysler will Obama's Waterloo. It is an albatross that will expose him for the Hugo Chavez wanna be that he is. Threatening to sick the White House Press corps on the bondholders if they did not agree to give up their contractual rights in favor of the unions has exposed Obama to everyone as the two bit Marxist thug that he is.

Juicy D. Links · 05-06-2009, 02:03 PM

i am gonna go get a wrangler i always wanted one of those prob can get a steal on em now

cykoe6 · 05-06-2009, 02:03 PM

Quote:

Originally Posted by bossku69

what they probably did was take the billions they had "loaned" to them and used it to pay for salaries and pay back some larger share holders so when they go bankrupt, the big wigs at the company dont have to worry about money for the next few years

personally i think its fucked up that this was ever done. they fully knew what was happening and stole billions from hard working tax payers so the upper level management could continue to bring in 6+ figures for years to come.

Did you just make that up off the top of your head?

Useless Warrior · 05-06-2009, 02:04 PM

Quote:

Originally Posted by cykoe6

Chrysler will Obama's Waterloo. It is an albatross that will expose him for the Hugo Chavez wanna be that he is. Threatening to sick the White House Press corps on the bondholders if they did not agree to give up their contractual rights in favor of the unions has exposed Obama to everyone as the two bit Marxist thug that he is.

Stop huffing glue.

pornguy · 05-06-2009, 02:10 PM

They do whats best for themselves and their friends. If you think for one second that lots of people are not walking out of this with a ton of cash you are wrong.

PornMD · 05-06-2009, 02:59 PM

This is not an Obama-isolated thing. It'll take only 1 bank to go under that the TARP gave money to to do about 5-10 times the money loss of this...bottom line, these fucking bailouts shouldn't have been offered up to ANY company. Essentially, rather than let natural selection play out, the govt has been trying to play god, or at least a significant percentage of the politicians and officials in power (not all to credit some of the seemingly genuine good people like Ron Paul). This'll probably be the first of many of these bailed out businesses that goes under - they were failing for a reason which won't go away simply because money was thrown at them.

05-06-2009, 12:41 PM	#1
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	Chrysler Not Likely To Pay Back Govt Loans http://www.cbsnews.com/blogs/2009/05...y4996099.shtml

05-06-2009, 01:39 PM	#2
PornMD Mainstream Businessman Industry Role: Join Date: Jan 2007 Location: San Diego Posts: 9,291	Ugh, seriously wtf is that bullshit? Thank you, govt! We always wanted to throw billions of dollars away on a shitty car company. Now watch one of the banks the govt helps goes under and we see tens of billions more fizzle into nothing. __________________ Want to crush it in mainstream with Facebook ads? Hit me up.

05-06-2009, 01:44 PM	#3
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,788	how dare you question obama, our lord and savior! __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

05-06-2009, 01:48 PM	#4
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,788	http://www.nytimes.com/2008/11/11/us...11auto.html?hp The Bush administration, which has presided over a major intervention in the financial industry, has balked at allowing the automakers to tap into the $700 billion bailout fund, despite warnings last week that General Motors might not survive the year. Mr. Obama and Congressional Democratic leaders say the bailout law authorizes the administration to extend assistance. Mr. Obama went into his post-election meeting with Mr. Bush on Monday primed to urge him to support emergency aid to the auto industry, advisers to Mr. Obama said. __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

05-06-2009, 01:51 PM	#6
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	Where are all the Obama people in this thread? Who needs "tax cut for the rich" when you can just give them billions? __________________

05-06-2009, 01:49 PM	#5
Fat Panda Porn is Dead. Move along. Industry Role: Join Date: Aug 2006 Posts: 13,295	anyone expect anything different?

05-06-2009, 01:56 PM	#7
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	honestly, you are surprised? what they probably did was take the billions they had "loaned" to them and used it to pay for salaries and pay back some larger share holders so when they go bankrupt, the big wigs at the company dont have to worry about money for the next few years personally i think its fucked up that this was ever done. they fully knew what was happening and stole billions from hard working tax payers so the upper level management could continue to bring in 6+ figures for years to come. __________________ Email: Clicky on Me

05-06-2009, 02:01 PM	#10
cykoe6 Confirmed User Industry Role: Join Date: Apr 2005 Location: Vegas Posts: 4,499	Chrysler will Obama's Waterloo. It is an albatross that will expose him for the Hugo Chavez wanna be that he is. Threatening to sick the White House Press corps on the bondholders if they did not agree to give up their contractual rights in favor of the unions has exposed Obama to everyone as the two bit Marxist thug that he is. __________________ бабки, шлюхи, сила

05-06-2009, 02:03 PM	#11
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	i am gonna go get a wrangler i always wanted one of those prob can get a steal on em now

05-06-2009, 02:10 PM	#14
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	They do whats best for themselves and their friends. If you think for one second that lots of people are not walking out of this with a ton of cash you are wrong. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

05-06-2009, 02:59 PM	#15
PornMD Mainstream Businessman Industry Role: Join Date: Jan 2007 Location: San Diego Posts: 9,291	This is not an Obama-isolated thing. It'll take only 1 bank to go under that the TARP gave money to to do about 5-10 times the money loss of this...bottom line, these fucking bailouts shouldn't have been offered up to ANY company. Essentially, rather than let natural selection play out, the govt has been trying to play god, or at least a significant percentage of the politicians and officials in power (not all to credit some of the seemingly genuine good people like Ron Paul). This'll probably be the first of many of these bailed out businesses that goes under - they were failing for a reason which won't go away simply because money was thrown at them. __________________ Want to crush it in mainstream with Facebook ads? Hit me up. Last edited by PornMD; 05-06-2009 at 03:00 PM..