http://dealbreaker.com/2008/12/ode-to-the-drain/ Wall Street Insider – Financial News, Headlines, Commentary and Analysis - Hedge Funds, Private Equity, Banks Fri, 10 Feb 2012 17:02:26 +0000 hourly 1 http://wordpress.org/?v=3.0.5 http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140407 HeadlessHorseman Wed, 10 Dec 2008 18:10:23 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140407 @ 3 & 11 I agree completely. If these scumbags get a nickel of my tax money...it will be the last nickel they get. I've never owned a foreign car...now I'll never own anything but. Why doesn't Pelosi leave the companies out of this (considering that the only thing that whore is apparently concerned about is excessive executive pay...which is admittedly a problem) and send the check straight to the UAW. She could even make the "bailout" contingent upon the UAW entering into an agreement to provide a predetermined amount of campaign contributions to her, Harry Reid, and Barney (Fife) Frank. I'm a Republican and this is arguably the most transparent fleecing of taxpayers for political reasons that I've seen. Absolutely ridiculous in so many different ways. @ 3 & 11
I agree completely. If these scumbags get a nickel of my tax money…it will be the last nickel they get. I’ve never owned a foreign car…now I’ll never own anything but.
Why doesn’t Pelosi leave the companies out of this (considering that the only thing that whore is apparently concerned about is excessive executive pay…which is admittedly a problem) and send the check straight to the UAW. She could even make the “bailout” contingent upon the UAW entering into an agreement to provide a predetermined amount of campaign contributions to her, Harry Reid, and Barney (Fife) Frank.
I’m a Republican and this is arguably the most transparent fleecing of taxpayers for political reasons that I’ve seen. Absolutely ridiculous in so many different ways.

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140406 guest Wed, 10 Dec 2008 16:46:36 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140406 Car Czar, hum? Can anyone say the words "British Leyland"? Car Czar, hum? Can anyone say the words “British Leyland”?

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140405 guest Wed, 10 Dec 2008 16:25:38 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140405 13 Except that he's reportedly been chastened significantly by surveys that show Americans in general hate Mormons. Not sure that's gonna be fixed by 2012. He (all of them actually), will still be as weird and culty as ever. But reliable, in a robotty kind of way. Good Commerce Secys, good car tsars, but President, no way. 13 Except that he’s reportedly been chastened significantly by surveys that show Americans in general hate Mormons. Not sure that’s gonna be fixed by 2012. He (all of them actually), will still be as weird and culty as ever. But reliable, in a robotty kind of way. Good Commerce Secys, good car tsars, but President, no way.

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140404 guest Wed, 10 Dec 2008 16:06:57 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140404 I assume that the title of this post is not a reference to Robert Drain. Which would really be more than fitting, since it should be Judge Drain that determines this company's fate and how it reorganizes in chapter 11, not some Pelosi-lackey. I assume that the title of this post is not a reference to Robert Drain. Which would really be more than fitting, since it should be Judge Drain that determines this company’s fate and how it reorganizes in chapter 11, not some Pelosi-lackey.

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140403 guest Wed, 10 Dec 2008 16:06:35 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140403 Don't you mean "idiocracy provision of the decade"? Don’t you mean “idiocracy provision of the decade”?

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140402 guest Wed, 10 Dec 2008 16:04:25 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140402 Leave Mitt Romney's name out of the hat. Needs to concentrate on 2012, when the Great Messiah falls after inability to clean up economic shitstorm. Leave Mitt Romney’s name out of the hat. Needs to concentrate on 2012, when the Great Messiah falls after inability to clean up economic shitstorm.

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140401 guest Wed, 10 Dec 2008 16:04:08 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140401 Romney would know more about turning around and restructuring a company than a Warren Buffet or a Volcker. The guy made his billions doing exactly that. I am amazed at the retarded suggestions for 'Car Czar.' Mother Teresa might have been a great person but would she make a terrific 'Car Czar'? Excellence in one field does not mean unquestionable talent and ability in any and every other thing. Romney would know more about turning around and restructuring a company than a Warren Buffet or a Volcker. The guy made his billions doing exactly that.
I am amazed at the retarded suggestions for ‘Car Czar.’ Mother Teresa might have been a great person but would she make a terrific ‘Car Czar’? Excellence in one field does not mean unquestionable talent and ability in any and every other thing.

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140400 guest Wed, 10 Dec 2008 16:02:51 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140400 @7: I consider myself conservative, and completely agree. Unlike some of my Republican breathern who act like Democrats when the heat comes, I say let them burn. No bailouts. Never. Under no circumstances. I don't care if the stock market falls-that's the risk you take by playing the game. Lose money? Cry me a river. The law of the jungle is there is always someone bigger and better who can, under the right circumstances, come along and improve things. Bailouts will never improve things. Bailouts only subsidize, reward failure, poor decisions, and make the situation far worse in the future. @7: I consider myself conservative, and completely agree. Unlike some of my Republican breathern who act like Democrats when the heat comes, I say let them burn. No bailouts. Never. Under no circumstances. I don’t care if the stock market falls-that’s the risk you take by playing the game. Lose money? Cry me a river. The law of the jungle is there is always someone bigger and better who can, under the right circumstances, come along and improve things.
Bailouts will never improve things. Bailouts only subsidize, reward failure, poor decisions, and make the situation far worse in the future.

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140399 guest Wed, 10 Dec 2008 16:01:51 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140399 How about Ralph Nader? Will annoy the heck out of everyone! How about Ralph Nader? Will annoy the heck out of everyone!

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140398 guest Wed, 10 Dec 2008 16:01:33 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140398 I bet a lot of design engineers for the Big 3 hang out at this place: Business has been unpredictable at the Booby Trap, a strip club on 8 Mile Road in Detroit, general manager Brian Klinec said. "We're holding our own, let's put it that way," he said. "You've got your good nights and your bad nights. There are more bad nights. It's tough. People don't have disposable income right now." I bet a lot of design engineers for the Big 3 hang out at this place:
Business has been unpredictable at the Booby Trap, a strip club on 8 Mile Road in Detroit, general manager Brian Klinec said. “We’re holding our own, let’s put it that way,” he said. “You’ve got your good nights and your bad nights. There are more bad nights. It’s tough. People don’t have disposable income right now.”

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140397 guest Wed, 10 Dec 2008 15:57:26 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140397 5 Actually Jack Welch (sp?) is one of the names being tossed around. I would appoint Mitt Romney - for spite. 5 Actually Jack Welch (sp?) is one of the names being tossed around. I would appoint Mitt Romney – for spite.

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140396 guest Wed, 10 Dec 2008 15:56:03 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140396 @1 - they're hardly a "private" company after they receive billions in taxpayer funds. This is exactly like welfare recipients having to report on their job search, and risk losing funds if they make no progress (you know, that whole "welfare to work" thing you conservatives liked so much when it applied to individuals? works the same with corporations) @1 – they’re hardly a “private” company after they receive billions in taxpayer funds. This is exactly like welfare recipients having to report on their job search, and risk losing funds if they make no progress (you know, that whole “welfare to work” thing you conservatives liked so much when it applied to individuals? works the same with corporations)

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140395 cy Wed, 10 Dec 2008 15:53:41 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140395 How long before our attention is turned elsewhere and the next "car czar" appointed is someone the big three approves of/pushes for? The next car czar's role will be protecting the big three from "unfair" competition. You heard it here first. How long before our attention is turned elsewhere and the next “car czar” appointed is someone the big three approves of/pushes for? The next car czar’s role will be protecting the big three from “unfair” competition. You heard it here first.

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140394 guest Wed, 10 Dec 2008 15:53:00 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140394 But who would they actually ordain as a Car Czar.....someone political, like an Andrew Cuomo, or someone Capitalistic, like a Warren Buffet? Or someone totally useless like that cowboy with the hat, Jeb What's-his-name, currently at the Treasury no doubt doing squat and soon to be gone! But who would they actually ordain as a Car Czar…..someone political, like an Andrew Cuomo, or someone Capitalistic, like a Warren Buffet? Or someone totally useless like that cowboy with the hat, Jeb What’s-his-name, currently at the Treasury no doubt doing squat and soon to be gone!

]]> http://dealbreaker.com/2008/12/ode-to-the-drain/comment-page-1/#comment-140393 guest Wed, 10 Dec 2008 15:52:55 +0000 http://wp.dealbreaker.com/2008/12/ode-to-the-drain/#comment-140393 Gee, EP, I guess we'll just have to give the carmakers gazillions of taxpayer dollars with no oversight or accountability in return. Sounds like a great idea! Gee, EP, I guess we’ll just have to give the carmakers gazillions of taxpayer dollars with no oversight or accountability in return. Sounds like a great idea!

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