Comments on: BREAKING: US Gov. rejects GM and Chrysler plans… suggests bankruptcy. http://www.murkyview.com/archives/2009/03/29/breaking-us-gov-rejects-gm-and-chrysler-plans-suggests-bankruptcy/ Perspectives on Media, Climate, Energy, Politics... in Port Alberni, BC, Canada, the World Thu, 09 Jul 2009 06:51:03 +0000 hourly 1 http://wordpress.org/?v=3.3 By: chrisale http://www.murkyview.com/archives/2009/03/29/breaking-us-gov-rejects-gm-and-chrysler-plans-suggests-bankruptcy/comment-page-1/#comment-113146 chrisale Mon, 30 Mar 2009 12:17:17 +0000 http://www.murkyview.com/?p=1032#comment-113146 Gordie: You're right that the same needs to come for the liks of AIG and CITI. I think it's coming. The American appetite for bailouts has ended, business-as-usual is no longer acceptable. However, I do believe in the "too-big-to-fail" scenario for AIG as its demise would be catastrophic for central and private banks around the world. Troy: At this point I think it's a 50/50 chance. Either the "bailout" that the Government agrees to will be the aforementioned funds needed to get through Chapter 11, or they're just going to wash their hands for it and start the firesale. If the former, Fiat, I think, will run for the hills, if the latter, we might end up with an Italian invasion of the North American auto industry. :) Oh, and thank you both for visiting and leaving comments! Gordie:

You’re right that the same needs to come for the liks of AIG and CITI. I think it’s coming. The American appetite for bailouts has ended, business-as-usual is no longer acceptable. However, I do believe in the “too-big-to-fail” scenario for AIG as its demise would be catastrophic for central and private banks around the world.

Troy: At this point I think it’s a 50/50 chance. Either the “bailout” that the Government agrees to will be the aforementioned funds needed to get through Chapter 11, or they’re just going to wash their hands for it and start the firesale.

If the former, Fiat, I think, will run for the hills, if the latter, we might end up with an Italian invasion of the North American auto industry. :)

Oh, and thank you both for visiting and leaving comments!

]]> By: Troy http://www.murkyview.com/archives/2009/03/29/breaking-us-gov-rejects-gm-and-chrysler-plans-suggests-bankruptcy/comment-page-1/#comment-113145 Troy Mon, 30 Mar 2009 11:57:47 +0000 http://www.murkyview.com/?p=1032#comment-113145 So, have GM and Chrysler suddenly found some money for Chapter 11 reorganization? Or are we staring stark Chapter 7 for these companies right in the face? How likely is it that Fiat will agree to take on Chrysler's problems? So, have GM and Chrysler suddenly found some money for Chapter 11 reorganization? Or are we staring stark Chapter 7 for these companies right in the face? How likely is it that Fiat will agree to take on Chrysler’s problems?

]]> By: Gordie Canuk http://www.murkyview.com/archives/2009/03/29/breaking-us-gov-rejects-gm-and-chrysler-plans-suggests-bankruptcy/comment-page-1/#comment-113144 Gordie Canuk Mon, 30 Mar 2009 05:40:47 +0000 http://www.murkyview.com/?p=1032#comment-113144 The thousands...probably tens of thousands of hardworking employees in the auto sector should start looking for jobs on wall street. The taxes they've been paying have been helping keep companies like AIG afloat...to say nothing of the bonuses these crooks are receiving. Bravo for standing up to Detroit Barack, while forcing us all to bend over for the robber barons of world finance. The thousands…probably tens of thousands of hardworking employees in the auto sector should start looking for jobs on wall street. The taxes they’ve been paying have been helping keep companies like AIG afloat…to say nothing of the bonuses these crooks are receiving.

Bravo for standing up to Detroit Barack, while forcing us all to bend over for the robber barons of world finance.

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