Ok, so Joe Kaplan is yammering in the White House Press Room via CNBC, I guess that makes it true. His yammering includes:
Firms must meet an “economic definition of financial viability” (can’t wait to read that).
They have to prove it by March 31 (can’t wait to see how this is evaluated).
If they don’t meet the requirements funding gets cut off, the gubment gets its grub back.
Discuss….
CNBC Claims That The White House Claims That A Big Auto Bailout Deal Has Been Reached
By Equity PrivateComments (30)
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They’ve sold the big 3 to the Arabs.
They had me at Shamwow
too insolvent, didn’t read.
They’ve merged the big 3 with aig and citi and nuked the whole bunch
Exxon/Mobil buys all 3. Ashton Kutcher to be Car Czar.
Until Lebeau confirms I won’t believe it.
(the on from Hogan’s Heroes)
Lets do in 3 months what we didn’t manage to do in 30 years.
Charles……are you there? Whatcha’ got on this story????
They’ve been re-packaged as a Delorean
they gave them jeffries severance
How does the government think that it’s going to get it’s money back? Selling GM’s HQ in downtown Detroit? Convincing Toyota to buy the assembly line robots (preprogrammed by Microsoft to build shitty cars)
Seaman Bodine, how much severance did you get when you were fired at the ass-rape bordello?
Everyone working at a TARP bank gets one of the new gas guzzling SUVs that have been building up in inventory for Christmas in lieu of cash bonus.
Lightning McQueen for Car Tsar.
@12
what’s the matter – sensitive on the jeffries cuts? does that make it harder for you to get your clients into those wrap fee mutual fund accounts?
“Jolt the economy!”
CNBC just reported;
Obama officially revives relationship with Cuba; sells thousands of US auto inventory to Fidel Castro.
More to follow…
if they have no viable plan, the government gets its money back….yeah right…
jerk off to quality porn on http://www.mpegmovieheaven.com
@19 – go promote your site somewhere else (Yahoo Finance perhaps).
@15 no, its just that i dont like you and you have never worked in finance so shut the fuck up. Oh and why you got fired at the ass-raper bordello; your ass wass so worn out you were dripping all over the place…
@21
i wish i’d never worked in finance – that’s probably what you meant to say
You know you told the recruiter it was your dream to bang away like a monkey on spreadsheets for 80 hours a week with the right to be summarily canned, thrown out of the building by apes and receive one month pay.
I ain’t hearing any comments on the proposed Big 3 bailout on CNBC….what gives?
Speed Racer’s monkey for car czar.
The social fallout of a collapse of the Big 3 will make Hoovervilles look like guilded gated communities.
Devil’s Advocate says:
“If treasury can sell LT debt for next to nothing, fire away! Sell cheap debt and take on all the equity stakes you can shove in your bag. Then, say in 5 years, inflate your nasty repayment troubles away!”
God damn, 25….
His name is Chim Chim.
He’s a chimp not a monkey.
He’s Spritle’s chimp not Speed’s.
Otherwise, excellent nomination.
Doc Brown for Car Czar!
CNBC….IN AN EFFORT TO DRAW YOUR ATTENTION. Use terms like “first heard” “exclusive” “You won’t hear any where else”….you know the drill. This reminds me of my days of yore as a rock & roll radio jock when instead of flooring the gas….you floored the echo chamber with an enthusiastic “WQAM EXCLUSIVE”…BLAM….(record).