Friday, May 8, 2009

Wow. That Didn't Take Long.

After all the whining, wimpering, crying, complaining, feet stomping, sobbing, and letter writing these Nancys have thrown in the towel. Just one week into bankruptcy. Wow. One more reason for the right wing to be proud.

http://www.freep.com/article/20090508/BUSINESS01/90508030/1002/BUSINESS/Chrysler+lenders+drop+bankruptcy+objections

3 comments:

Mark R. said...

Rich are you really that dense that you can't read this for what it says? First of all this is not a right wing left wing issue. I guarantee you that there were some private investors involved who supported your boy. The judge ruled that the lenders identities would be made public. Maybe you haven't been following this but there have been death threats and unbelievable non legal system pressure plus intimidation brought to bear on these investors. No wonder they decided to throw in the towel. This is a shameful day for our fininancial system. To ever imagine that the Executive Branch of the US government would threaten private investors like has happened here is unprecedented. This will send a severe message to private investors that will have a chilling effect on putting money into companies that the current administration have their hooks into. Goodbye Chrysler it was nice to have known you.

Jim G. said...

To ever imagine that the Executive Branch of the US government would threaten private investors like has happened here is unprecedented.

Do rules and contracts and the Constitution mean nothing to liberals?

Terry, where are you?

Does the government involving itself in private business with implied force (rule of law) not send a chill down your spine?

Richie, while you may wish to fiddle away our country, the rule of law, limited government and contracts must have meaning.

No wonder you can believe in a moving Constitution, to you it has no meaning. Can't have it both ways bub.

Baxter said...

Like I said, a bunch of Nancys.

Nothing here has damaged rule of law or the sanctity of contracts. The constitution was not broken or bent. I do not believe that warrantless wiretaps or waterboarding was involved.

The hedge fund positions were near worthless absent government funds. They miscalculated and thought that Obama would pay them off. It didn't work that way. They were losing in Bankruptcy court as well as the court of public opinion. They wisely folded folded their tent and went home to Greenwich, Beverly Hills and soon the Hamptons.

The funds had lost their investment long before Obama took office. The 40%+ drop in auto sales was unsurvivable for the weakest player.

If these funds have been long, they will have a great year in any event. Whining is unattractive in a man, particularly if that man resides in the likes of Greenwich.