Short version: They want money.
Long version:
They want moneyyyyyyyyyyy. Oh, and according to GM CEO Richard Wagoner, apparently the picture people have of General Motors is not an accurate one, and failure would not having anything to do with a supposedly flawed business model, but the global financial crisis.
In marginally more interesting and only very slightly more delusional news, Citi is holding some sort of event at 399 Park today and the most recent speaker was David Kelly, chief market strategist for JPMorgan. I'm not saying Bearpont Morgan Mutualiti. But I'm thinking it.
Posted by guest , Nov 18, 2008 4:56PM
I want moneyyyyyyyyyyy. Why can't the TARP throw me a frickin' bone?
Posted by Lowly Assistant , Nov 18, 2008 4:56PM
Citi: where dreams go to sleep.
Posted by guest , Nov 18, 2008 4:57PM
Give them the money.
Posted by guest , Nov 18, 2008 4:57PM
399 Park? uh-oh... Lehman/Barclay's contagion...
Posted by guest , Nov 18, 2008 4:59PM
@4- that's citi's headquarters
Posted by guest , Nov 18, 2008 4:59PM
@2 Citi: where dreams go BK (soon)
Posted by guest , Nov 18, 2008 4:59PM
CITI IS A PILLAR OF STRENGTH
Posted by guest , Nov 18, 2008 5:04PM
Bambi's mother? Bess, you're a city girl aren't you?
Posted by guest , Nov 18, 2008 5:04PM
Where's gaspo with the scoop?
Posted by guest , Nov 18, 2008 5:04PM
THEME SONG FOR DETROIT AUTO MAKERS!!!
http://www.youtube.com/watch?v=2s99ycqEvGc&feature=related
You love me Deal Breaker!
Posted by redpandot , Nov 18, 2008 5:09PM
ditto @8
boys have antlers don't ya know...
Posted by guest , Nov 18, 2008 5:11PM
they'll "come crawling back like a bird on its belly"
Posted by Bess Levin , Nov 18, 2008 5:12PM
@Outdoorsmen- a. my point is, they're getting shot. b. there's a lot you don't know about bambi's mother. educate yourselves and then get back to me.
Posted by guest , Nov 18, 2008 5:18PM
Here is the footage from the talks:
http://hobochili.org/chili/?p=112
Posted by guest , Nov 18, 2008 5:21PM
@10
@14
AWESOME CLIPS!!!
Posted by guest , Nov 18, 2008 5:24PM
I am buying 10,000 shares of C everyday that it is under $9. Rock solid balance sheet, plenty of liquidity, no way they could fail. They got TARP money after all. Right? Hello?! People?!?
Posted by guest , Nov 18, 2008 5:30PM
@12 Zap to run GM! Velour interiors for everyone! Kif can take Ford - surely he can make them more "green"
Posted by guest , Nov 18, 2008 5:32PM
@16 Maybe on paper, you POOR!
Posted by guest , Nov 18, 2008 5:42PM
unfortunately the odds that the big three will get big cash are better than the odds that sufjan stevens will finish his fifty state project.
Posted by guest , Nov 18, 2008 5:44PM
What are 2nd year associate numbers...I'm so anxious I just can't contain myself
Posted by guest , Nov 18, 2008 5:48PM
16 A few weeks ago you could have made that same argument but substitued "every day they're under $20". After all, they had been $50 not so long ago. And you would have lost half your money. Just because something costs a lot less than it used to, doesn't make it a bargain. This is a different world.
Posted by guest , Nov 18, 2008 5:50PM
Bess - Bambi's mother was a trout?
Posted by guest , Nov 18, 2008 5:52PM
@19 Just because you know about the Soufy's 50 State project means you're to indie for Dealbreaker.
Posted by guest , Nov 18, 2008 5:53PM
got me a shotgun, rifle and a 4 wheel drive 'cause a country boy can survive
Posted by guest , Nov 18, 2008 6:46PM
Can't we merge all three together and create the Patriotic Car Company Of America?
Posted by guest , Nov 18, 2008 6:58PM
David Kelley, the wee Leprechaun strategist? Amazing how bulls like him can still show their faces in public, after telling their poor clients to keep buying all the friggin' way down since August. But, hey, what's a few thousand Dow points among friends?
Kelley and Thomas Lee make a fantastic Morgan bulltard one-two punch. Whenever either of these clowns go on CNBC, a little pot of gold appears on my screen.Thanks guys for lining up the other side of my trades for me.
Posted by guest , Nov 18, 2008 7:43PM
The Ford "Valdez"......Hilarious.....!
http://www.time.com/time/specials/2007/article/0,28804,1658545_1658544_1658538,00.html
Posted by guest , Nov 18, 2008 8:25PM
Can someone explain why they want the Big Three management to take "drastic pay cuts" but the management over at AIG gets paid in full? Give me a fucking break.
And enough with calling everyone that works for the Big Three retarded... GM CEO Rick Wagner, has an MBA from Harvard, just like every other Wall street scum bag who ran their hedge fund, i-bank, insurance company, etc. into the ground.
Posted by guest , Nov 18, 2008 9:27PM
@19
Good reference. He should probably make followup post bankruptcy.
Posted by guest , Nov 18, 2008 9:28PM
I love how each one of them pointed out "I'm new to this industry", because thats pretty much the only way you could have credibility at this point.
Posted by guest , Nov 18, 2008 9:31PM
So who is the great prince of the forest? paulson?
will he lead them away from the fire or push them over the cliff come spring?
Posted by Riskybusiness , Nov 19, 2008 7:46AM
@16 would you be interested in purchasing a bridge? It connects Manhattan and Brooklyn.
Posted by guest , Nov 19, 2008 10:31AM
Big 3 = crack whores standing on a corner in downtown Detroit begging for change. "We promise, we are going to change. We're not going to use taxpayer money to [take your pick: pay off our pimps (i.e. unions) and/or blow it developing and manufacturing out of date products that most American consumers do not want to buy]. Honest, we're not. We're just down on our luck and need a little bit of dough to get us through."