More Cheerie News
What can I say.
To: An Old Man
US Treasury now in the business of filing bankruptcy for corporations. Unbelievable what is going on.
2 posted on
04/23/2009 4:34:09 PM PDT by
paul51
(11 September 2001 - Never forget (July 4, 2009 see you there))
To: An Old Man
Great, so now I take my truck to Mr ObamoWrench?
3 posted on
04/23/2009 4:34:17 PM PDT by
mylife
(The Roar Of The Masses Could Be Farts)
To: An Old Man
The gubmint buys out these company’s with our money, then declares bankruptcy to fleece us of Billions.
FUBO! Geihtner too!
4 posted on
04/23/2009 4:36:38 PM PDT by
mylife
(The Roar Of The Masses Could Be Farts)
To: An Old Man
The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler.... I don't like the way that reads.
Chrysler can't prepare their own documents?
Nice that all the union crap is untouched....
5 posted on
04/23/2009 4:38:39 PM PDT by
LasVegasMac
(Islam: Bringing the world death and destruction for 1400 years!)
To: An Old Man
I remember back in the olden days, when they were telling us what a disaster it would be for any of the car companies to declare bankruptcy.
12 posted on
04/23/2009 4:44:16 PM PDT by
Wissa
(I despise the liberal media.)
To: An Old Man
How totally useless. The One bails out a PRIVATE company whose owners don't even think it is worth pouring money into.
13 posted on
04/23/2009 4:47:47 PM PDT by
JoeGar
To: An Old Man
What about the salaried employees?
To: An Old Man
I can see the headlines tomorrow:
Auto stocks soar on news...
17 posted on
04/23/2009 4:52:36 PM PDT by
demsux
To: An Old Man
22 posted on
04/23/2009 5:11:33 PM PDT by
Leisler
("It is terrible to contemplate how few politicians are hanged."~G.K. Chesterton)
To: An Old Man
Uh-Oh!
". . . whose members’ (UAW)pensions and retiree health care benefits would be protected as a condition of the bankruptcy filing, . . .
Looks like another payback by Obama to his union buddies.
Every other company that went bankrupt in recent years had to turn their pensions over to the Pension Benefits Guararanty Corporation (a government function) that gave retirees only a fraction of the benefits they have earned.
It looks like the UAW guys will be able to avoid that thanks to Obama's boys who will give them a runaround to protect their pensions and benefits while everyone else loses theirs.
28 posted on
04/23/2009 5:21:26 PM PDT by
oldbill
To: An Old Man
Exactly how does the bankruptcy law allow a side deal between the US gov (apparently now the owner) and the UAW? Won’t the bankruptcy court ignore any such deal and, you know, apply the law?
30 posted on
04/23/2009 5:27:42 PM PDT by
pierrem15
(.338 Lapua-- reach out and touch someone from 1000+ yds)
To: An Old Man
Timmy should be put in “timeout!”
37 posted on
04/23/2009 5:46:56 PM PDT by
lonestar
(Obama is turning Bush's "mess" into a catastrophe.)
To: grellis; AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
GM stock hit a 75 year low this week, but I think it was only interday. ;’)
43 posted on
04/23/2009 6:20:09 PM PDT by
SunkenCiv
(https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
To: An Old Man
The Treasury has an agreement in principle with the United Automobile Workers union, whose members’ pensions and retiree health care benefits would be protected as a condition of the bankruptcy filingSo we kill the golden goose to save the UAW egg.
Unbelievable.
And we let the lenders (capitalists, in a literal sense) die too.
Redistribution of wealth, class warfare, disaster.
45 posted on
04/23/2009 8:05:44 PM PDT by
LikeLight
(http://www.believersguidetolegalissues.com)
To: An Old Man
The ruling class is using our taxes for hostile takeovers of American businesses. Next target will be Wal-Mart so they can unionize it.
49 posted on
04/24/2009 8:23:10 AM PDT by
OrioleFan
(Republicans believe every day is the 4th of July, democrats believe every day is April 15)
To: An Old Man
Now we know why the Treasury doesn’t want TARP money back from the banks. It’s needed to finance a hostile takeover of the automobile industry.
50 posted on
04/24/2009 8:25:13 AM PDT by
OrioleFan
(Republicans believe every day is the 4th of July, democrats believe every day is April 15)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
