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GM Bailout Could Be Undone By Same Judge That Allowed It
The Washington Free Beacon via Conservativewanderer.com ^
| Oct. 8 2012
Posted on 10/09/2012 5:42:35 AM PDT by equaviator
click here to read article
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Now that's what I call news fitting enough to print (post)!
To: equaviator
A short visit by the Obama newthinking police will get Judge Gerber's mind straight.
2
posted on
10/09/2012 5:47:47 AM PDT
by
Truth29
To: equaviator
I still have no idea after reading this, what the hell happened that wasn’t supposed to happen.
I must be dense.
3
posted on
10/09/2012 5:49:20 AM PDT
by
autumnraine
(America how long will you be so deaf and dumb to the tumbril wheels carrying you to the guillotine?)
To: equaviator
They’ll get to the Judge. It won’t go anywhere.
To: equaviator
Now that's what I call news fitting enough to print (post)! Also, not a bad October surprise!!!
5
posted on
10/09/2012 5:50:33 AM PDT
by
varon
(I remember when America was American.)
To: equaviator
Holy Crap!
Excuse the language, but in the words of Slow Joe Biden, this is a truly Big F...ing Deal!
I suspect they will find some way to avoid this. But, if the judge reopens the bailout, GM will be toast. Maybe the secured bondholders will actually get something in return.
And, they still owe 27 billion to you and I (the taxpayers). The "new GM" stock has fallen 40 percent since IPO, and the federal government can't recoup our investment.
6
posted on
10/09/2012 5:52:56 AM PDT
by
justlurking
(The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
To: equaviator
7
posted on
10/09/2012 5:54:27 AM PDT
by
justlurking
(The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
To: STARWISE; LucyT; maggief; SE Mom; penelopesire; MinuteGal; onyx
MMM
mmmm
mmmmmm
What’s goes around comes around
GM is going down.
8
posted on
10/09/2012 5:55:33 AM PDT
by
hoosiermama
(Obama: "Born in Kenya" Lying now or then.)
To: equaviator
9
posted on
10/09/2012 5:55:44 AM PDT
by
justlurking
(The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
To: varon
10
posted on
10/09/2012 5:58:28 AM PDT
by
justlurking
(The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
To: equaviator
11
posted on
10/09/2012 5:58:49 AM PDT
by
COUNTrecount
(What Clint Said !!!)
To: justlurking
...it is unlikely Judge Gerber would rule on the matter before the November election. And it's equally unlikely that the lamestream RATagandists will report on it inside that same time-frame...if at all.
12
posted on
10/09/2012 6:05:23 AM PDT
by
ROCKLOBSTER
(Celebrate "Republicans Freed the Slaves" Month)
To: justlurking
You have to approve the deal before we will tell you what’s in it.
13
posted on
10/09/2012 6:10:16 AM PDT
by
reg45
(Barack 0bama: Implementing class warfare by having no class!)
To: equaviator; mickie
I wonder if anyone reading the above can interpret what it means......I can't.
Too bad writers can't write in terms we laypeeples can understand. However, I assume, they can't follow all the labyrinthian twists and turns, either.
However, I like the "feel" of it, whatever it is, LOL.
Leni
To: justlurking
Thanks. Every little bit helps.
15
posted on
10/09/2012 6:15:01 AM PDT
by
equaviator
(There's nothing like the universe to bring you down to earth.)
To: MinuteGal
I know what you mean- but this part seems to clarify a bit:
http://freebeacon.com/general-motors-is-alive-for-now/
When I approved the sale agreement and entered the sale approval order I mistakenly thought that I was merely saving GM, the supply chain, and about a million jobs. It never once occurred to me, and nobody bothered to disclose, that amongst all of the assigned contracts was this lock-up agreement, if indeed it was assigned at all, Gerber said in July.
Industry experts say GM should be very concerned with the judges reaction to the deal.
The judge has made it very clear that he is greatly dissatisfied with the process, one analyst said. Hes basically implying that GM hid it from him and that reopening the sale is a possibility.
16
posted on
10/09/2012 6:16:43 AM PDT
by
SE Mom
(Proud mom of an Iraq war combat vet)
To: equaviator
On the other hand, my husband is a Delphi Salaried Retiree member. We have been in court for 2 years to get their pension back. Sloooooooooow process.
To: justlurking
Even if it doesn't happen until after the election it would be good for the country for GM the UAW to go through an honest bankruptcy process.
18
posted on
10/09/2012 6:24:59 AM PDT
by
JohnBovenmyer
(Obama been Liberal. Hope Change!)
To: JohnBovenmyer
Even if it doesn't happen until after the election it would be good for the country for GM the UAW to go through an honest bankruptcy process. Last time the bond holders got screwed.
This time it will be the taxpayers, not the UAW that get screwed. Compliments of 0bama
19
posted on
10/09/2012 6:33:21 AM PDT
by
TYVets
(Pure-Gas.org ..... ethanol free gasoline by state and city)
To: equaviator
Sure hope not, I enjoy eating, having a home and generally being happy. This needs to be left alone, because if it gets out prior to the election it will NOT help Romney/Ryan.
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