Skip to comments.Granholm to hedge fund companies: stop being ‘greedy’
Posted on 04/30/2009 10:38:51 AM PDT by reaganaut1
Michigan Gov. Jennifer Granholm lashed out at three of the nations leading hedge fund companies saying their holding out for more in negotiations with Chrysler were leading the car company down the road towards bankruptcy.
I m strongly urging those who are hedge fund managers to ensure that Chrysler is not forced into bankruptcy because they are holding out, she said. The hedge funds, those are the ones that have been previously charged with having made a lot of money by flipping paper, they are holding out as we speakright now. The future of Chrysler is in the hands of some of these hedge funds who want to hold out for a greater profit. So on behalf of Michigan and on behalf of the thousands of people who will be effected if this company were forced into bankruptcy, I am publicly asking these hedge funds to not be greedy.
She named three companies Perella Weinberg Partners, Stairway Capital, Oppenheimer Funds saying they were among the funds holding out.
If I were not greedy, I would be on welfare and in public housing....greed is good.
Hussein has already lectured those funds....telling the world that they have not sacrificed enough in his name!
If those hedge funds hold out and do force Chryslyer into Chapter 11, they will have done a service for this nation.
"F*** you Madame Governor."
Man Granholm's got some brass ones. They bondholders are being offered 33 cents on the dollar and they're understandably not happy with being robbed. Because they want to be paid back the money they lent in good faith to Chrysler they're "greedy".
You first government.
It slays me when any politician, especially liberal ones, call anyone “greedy”
"Jermaine, stop teasing!"
She sounds like a lot of FReepers.
“Hand me a tissue.”
Greed must be redefined by us. Greed is taking from other people what they earned. We the people to Uncle Sam: Don’t be so greedy also don’t be so envious.
We have allowed the left to define everything and make the language over to be code words for their concepts. Now they merely have to use a word or two to trigger their mindless minions.
Those car companies, greed built those. All the buildings, computers, houses, EVERYTHING in this country was built by greed. Because somewhere, someone, thought they could make some money, to buy things that might make their life more comfortable and secure, which some other greedy bastard was selling for the same reason.
Greed works. Like everything else in life, unchecked greed destroys, but in moderation, it works every time, all the time.
those are the ones that have been previously charged with having made a lot of money by flipping paper, t
The Socialist are changing the language. Note that she use the term charged with,as if a firm whose purpsose is to make money is somehow criminal in nature when it does what it is supposed to do.
Oh, and who is greedier, Obama for trying to TAKE OVER EVERYTHING? Or businesses who are simply trying to make money?
The hedge fund managers are doing the right thing: maximizing the return for their investors. If they didn’t, the investors would take their money elsewhere.
Class warfare is for socialists.
the left is actually relishing this. They have been looking to get their hooks into hedge funds for a long time.