"Chrysler to finalize viability plan by March 31. Plans to file Chapter 11 on March 30, and to bookend it nicely, Chapter 7 April 1. Executives cited fung shui for there decision."
$12 per barrel oil should help the auto industry. Anyone see this yet? China loans $25B to Russia in return for ~2.2B barrels of oil...that's less than $12 per barrel. Peak oil? Hmmmmm....
Wow. That is truly freakin amazing. Those plants are never going to open, and run under the Chrysler name again. The Obama has to smack them down for this.
Jeebus, it makes me sad. It is like finding out a girl you had a crush on in high school is now a crack ho. The old world is going away much to fast.
Everyone has had the moment in life when they try to figure out how to become wealthy. I always thought if I could just sell a better mousetrap for a dollar to 100 million people I would never have to work again. My other plan was to post an ad in the NYT asking for everyone that read this to send a dollar for good luck in their lives.
The banks followed this idea as well but their implementation and audacity so far outstrips my goal that I feel like a piker.
In proper wound healing, the dead tissue (eschar) must be cut off and removed, to allow the granulation tissue oxygenation and blood supply. This is the pathway to healing. So long as you leave the dead scar tissue hanging around, it prevents the healing phase.
Also, it just looks ugly.
Govt. needs to send a message to Cerebrus : go away. Now. And to the banks : welcome to our preBK / nationalization process.
Wow. That is truly freakin amazing. Those plants are never going to open, and run under the Chrysler name again. nova | Homepage | 02.17.09 - 4:56 pm | #
It's too bad. They have a really remarkable engine plant that should not go by the wayside.
American Smokestack industry
Lunchboxes, usually black, with thermos
Fast American cars with 4 barrels that sang on Sat. nights.
Middle class housing
Kids playing in the woods
A high school degree getting you a job you could feel good about
Space
Futures that you knew you really had to screw - not to have.
Trout streams
Hunting
Sex
sob...
I was going to chide CR for spelling it "Chrylser", but then bobn spelled it "Chysler". I suppose it's probably not a good sign for your brand going forward when people can't even remember how to spell it, let alone what it is you actually produce.
Of course, the real problem is gangrene, and to some extent, your analogy still holds up.
xxxxx | 02.17.09 - 5:03 pm |
Right, dead tissue serves as a nidus for infection, and one the body can't readily attack. I guess the analogy would be the displaced or idled workers of Chrysler and/or GM would be the fertile ground for fevered uprising against management.
There's a bio-diesel pump at the station down the street. BondsOfSteel | 02.17.09 - 5:05 pm | #
I strongly favor bio-diesel but understand full utilization is something like 3-4% of total demand. We are talking something like twice the impact of proper tire inflation.
Want to do better for almost no cost/imposition? Outlaw roof racks and/or surcharge ORV tires.
If Chrysler wants 2 billion more, will they fix my Dodge mini van Transmission and the Air Conditioner that went less than a year? What will they do about the factory paint that flaked off my van?
Chrysler is now a private company supported by the well to do Congressional politicians.
In China they shoot people for cheating people.
Tell Chrysler to move their junk making scrap yard to China and take the Congressional charlatans with them.
i did go to the gym, had some personal training sessions left over at the fancy pants gym. gotta use em up real quick so I can cancel the monthly payment.
'less the Trustee sell's them as an asset...
shit, think i'll go down for not listing those as an asset?
Yes and no: IIRC, Cerebrus claims that they are prohibited from putting more than X% of their portfolio in any one deal, so they cannot increase their stake in Chrysler.
The answer would seem to be issuing new public equity/conv. bonds that come out of Cerebrus's ownership stake. The fact that no one raises this solution is the really telling part, IMO.
But I must say this has been a long time coming. Had one, liked it, wanted another one, and was treated rudely by the salemen and never went back. That was 30 years and more ago.
Yes and no: IIRC, Cerebrus claims that they are prohibited from putting more than X% of their portfolio in any one deal, so they cannot increase their stake in Chrysler.
With the way that the value of Chyrsler has plummeted, I seriously doubt that is an issue.
Can anyone name a single person, other than their workers who thinks they shouldn't have been given the equivalent of the horse's head in The Godfather.
Their products are third rate, are ugly, there is no demand for them, reliability is a rude joke, and they have an outdated management style and 1950s worker-bee mentality.
"Yes and no: IIRC, Cerebrus claims that they are prohibited from putting more than X% of their portfolio in any one deal, so they cannot increase their stake in Chrysler."
Prohibited...by what? Rules? B.O.D. by-laws?
HAHAHAHAHAHAHA!
if they thought they could make money on the deal they would have already forgotten the rules they use as an excuse.
The plan is to continue getting taxpayer handouts.
So question, what bank do the you all use. I am currently with BAC, but am getting gun shy. I don't want to use the mattress. Wells Fargo maybe, but I dunno...
So question, what bank do the you all use. I am currently with BAC, but am getting gun shy. I don't want to use the mattress. Wells Fargo maybe, but I dunno... comrade lurker | 02.17.09 - 5:20 pm | #
C-r-e-d-i-t U-n-i-o-n. You'd have to be extremely unlucky [stupid] to choose a bad one.
Billionaire investor Wilbur Ross said on Tuesday he would invest in the U.S. government's private-public investment fund, provided that low-cost funding, as well as guarantees in sharing investment losses, are involved. Wilbur Ross seeks low-cost leverage in US gov't fund
| Reuters
And Chrysler (and GM) will pay back these loans (and all the other loans) how exactly?
Bankrupt these asshats already.
Liquidate and start the industry over.
Geesh, you would think we Americans have become total wussies unable to innovate and create (or re-create) entire industries without a hand out from Rich Uncle.
Actually I have a credit onion for my main account, and a backup account at Bofa tied to some credit cards that is convenient for my ebay stuff. Citizen AllenM | Homepage | 02.17.09 - 5:24 pm | #
You stuff all of your money in an ONION!? You must use large denominations, or really large onions
We all are pressed for time here because of the press of both corporate responsibilities and our desire to help you all through trying times safely.
As we begin to see the many ETFs for gold from all over the globe, our curiosity peaks. It simply looks impossible that all these enterprises are anything but paper tigers operating primarily in OTC derivatives, even if in some cases this is contra to their stated purposes.
It would be extremely helpful if any of you dealing with or familiar with the far flung world of ETFs would send us the latest reported levels of gold holdings, sourced with the name and exchange upon which the fund is trading. Alternatively, if you have proof ETFs are trading only paper, that information would be useful as well. All help would be deeply appreciated. Please provide sources!
The viable plan is to continue getting taxpayer handouts until they can no longer get them. Then they will go BK, as the top executives retire with $100M golden parachutes.
Keep in mind governments around the world will have a hand off of power in the coming months.
Germany, Japan, Canada, South Korea, Italy, Austria, .... more than I could hope to name without verifying
We're operating on an ad-hoc, what gets us through the next few months, basis
If Chrysler fails, how do I go about buying the rights to the K Car name? Probably the single biggest stroke of genius ever. I will resurrect the car abd I will license the name out to clothing companies, food companies, drink companies, etc. Hopefully, I can get a hold of it before someone tries to weasel into my most brilliant idea.
Auntie Susan (Uncle Sam went thru sex change operation in 1960s) has big sagging tits to suck on. But she is an old hag.
What are dopes going to do when Auntie Susan is no more? Would you have money for a good burial funeral?? I say, throw her body in California wild fire.
Dawg,beaver has a very strong flavor.If you get desperate enough to eat it,soak it in salt water for several days before cooking it.Cat and dog are more palatable.
None of this bail out is about the car companies. It is all about the UAW and the retirees. An Honest way would be BK with a government supported financing. A BK judge would most likely dump the union contracts and cancel the retirement benefits. That would level the field and star fresh. OB is in bed with the unions by his own statements. This black hole will be filled no matter what.
Comrade Misean is Dope,
Not new, but we're about to recommence the parade of bank ambulances
If you listen to German media for example, they black out all mentions of Daimler's Q4 loss or the expected wipeout of the equity stake in Chrysler, etc
Normally there would be an acknowledgement, but as things are getting worse they are reporting less
Nearly halfway to the 6 handle. Did anyone remark on NPR's Diane Rheem (Rheam? Ream?)'s show where some loveable goofy finance types said that now was a good time to buy?
"Chrysler asked government officials today for an additional $5 billion in loans to ride out the deepening economic slump.
In its viability plan submitted to the Treasury Department, the automaker also said it would reduce its workforce by 3,000 employees and discontinue three vehicle models"
Barley
In many countries, the government in power doesn't only change with elections or on fixed election cycles.
If it's a parliament and the government is a minority, the rest of parliament can form a coalition that has enough votes to replace the government. Or if there is significant public pressure, or inability to agree within parliament there is a forced election.
The most natural part of any democracy is that the incumbent loses power if the economy isn't doing well, or the prospects are not good
If you need a stark example, look at Japan's Liberal Democratic Party which has held power continuously since WWII. They are facing a serious chance of being unseated.
Italy can't maintain a government in the best of times. South Korea will need a new government just to calm the open brawling in parliament. The current government of Canada is a minority just hanging on, it's only a matter of when the opposition forces an election. etc etc
ova writes:
Wow. That is truly freakin amazing. Those plants are never going to open, and run under the Chrysler name again. The Obama has to smack them down for this.
Jeebus, it makes me sad. It is like finding out a girl you had a crush on in high school is now a crack ho. The old world is going away much to fast.
nova | Homepage | 02.17.09 - 4:56 pm | #
Look on the bright side....it's like deflation. Now, you CAN afford that girl more than the "Real Housewife of Orange County". Plus there is the global aspect...the crack ho can be replaced/outsourced at a much lower cost....import a cheaper foreign crack ho. Pimps up...Ho's down!
\tNearly halfway to the 6 handle. Did anyone remark on NPR's Diane Rheem (Rheam? Ream?)'s show where some loveable goofy finance types said that now was a good time to buy? lawyerliz | 02.17.09 - 5:40 pm | #
Some goofball was on Squack Box this morning saying we should buy large-cap tech companies like IBM and Google. Seriously, are these guys this stupid or do they all just think we are this stupid?
"Yes and no: IIRC, Cerebrus claims that they are prohibited from putting more than X% of their portfolio in any one deal, so they cannot increase their stake in Chrysler."
With the way that the value of Chyrsler has plummeted, I seriously doubt that is an issue.
Chrysler has zero equity value.
Maybe the rest of their portfolio has declined in value as much as their Chrysler investment?
I went to the car show this past weekend. First of all, it was much smaller than in the past. The aisles were a little wider, but they had also moved everything in from the outer walls; you couldn't tell that it was much smaller unless you were really paying attention.
1) Ford was head and shoulders above the other domestics. The 2010 Fusion, Mustang, and Taurus are very nice. I was really impressed by the Taurus, which surprised the hell out of me.
2) Honda makes some seriously weird-looking vehicles these days.
3) 2010 Prius is ugly.
4) German makers are hoping nobody noticed that the Euro/USD isn't what it used to be. No wonder so many people are excited about the Hyundai Genesis.
Bottom line - if you're going to buy a car, GM and Chrysler don't have anything worth considering. If you want a domestic, get a Ford. If you want a RWD sedan, get a Hyundai.
Seriously, are these guys this stupid or do they all just think we are this stupid? TCA | 02.17.09 - 5:46 pm | #
I am sure that they ARE that stupid. Peddling bit of paper are all that they have known. That the party is over and that you may have to actually have to produce something to make a living at some point is something that is compltely forign to them.
He might choose to step down sooner than later. If he believes we are following the Depression pattern in the 4 bears, he should just spend his time playing chess with Bill. Let somebody else sweat it out.
Then why don't you call him a person rather than a bum? See how it is easy for people to think a bum is not a person? I think the person you give food to is a person. If you gave money to that person, though, he/she would be a bum.
Some of my best friends are bums. My brother used to hang out with bums. I watch television shows about bums. I've gone to places where I"m the only non-bum in the place. Bums eat different food, and talk different but that's okay. Plus ca change and all that.
But don't get me started about all the bum-on-bum violence.
Moe: I don't have a good or easy answer but I do know that for too long now management has taken the easy way out by off-loading on retirees & employees. Their answer for everything is to take it out of the hide of the little guy.
Since when did the laborer, factory worker become the enemy?
Just keep in mind that you're not immune to having your pension raided someday. The Kleptocrats are moving up the income ladder.
The truth is chocolate contains theobromine that is toxic to dogs in sufficient quantities. This is a xanthine compound in the same family of caffeine, and theophylline. The good news is that it takes, on average, a fairly large amount of theobromine 100-150 mg/kg to cause a toxic reaction.
I can think of a trillion better things than being politically correct. In fact if anyone here calls me political anything, I'll punch them in the face. Or at least punch the air and think of their face.
We don't have to worry about pollution. We exported it to China and Mexico.
Globalism means if you have a college degree, you don't have to feel guilty or poor.
So relax, people.
Thanks all for the credit union advise. Just finished doing some research, found one two blocks from me here in SF, going to go open an account this week.
I grow oranges. I give them to everybody. Everybody likes them. I gave one to a person (ok?) begging for money and he literally threw it away in front of my eyes as hard as he could.
Once someone begged for money for food in front of Public groc store. The hub said come on in and pick out a sub, I'll buy you whatever you want, and he went away mad.
I suggest food, do the money doesn't end up with drug dealers or whatever.
"OK. When is Elvis going to quit his day job at 7-11"
It is a night job. Gives me all day to be the pool boy. Judging by the big firm attorney's wives screams, I think I've got a special talent for the job.
Thanks all for the credit union advise. Just finished doing some research, found one two blocks from me here in SF, comrade lurker | 02.17.09 - 6:01 pm | #
Why would a BK judge make pensions take a bigger hit than suppliers or bondholders? The negotiations that are underway look like they will have the economic impact that a BK would have. The Job bank is gone and there will probably be some scaling back of the health care benies, or in any case the payment to the trust fund made in GM and C stock.
Lots of people in here beating up on Detroit, but in case you havent noticed there is not a car company in the world that is doing well right now. Those car sales of under 10 million units includes the transplants and imports as well as the big 3.
Norka, unlike banks that became TOO BIG TO FAIL so as to coopt our government, Credit Unions rely on a smaller, geographic model, much like classic banks used to do. The right credit union for you will depend on your geographic area.
I'll punch them in the face. Or at least punch the air and think of their face.
Elvis | 02.17.09 - 6:00 pm | #
Sometimes when I feel like killing someone, I do a little trick to calm myself down. I'll go over to the persons house and ring the doorbell. When the person comes to the door, I'm gone, but you know what I've left on the porch? A jack-o-lantern with a knife stuck in the side of it's head with a note that says "You." After that I usually feel a lot better, and no harm done.
-DTBJH
I always give homeless people cash. I realize how many holes are in our safety net and how easy it is to fall through.
I give homeless people the gift that keeps on giving -- complex financial instruments which, once activated, unfold into a geometrically expanding pool of debt which, if left unchecked, will form a super-dense financial black hole which will drag the entire system of commerce down until everyone else is also homeless. That way he'll have company at least.
xxxxx writes:
Actually I have a credit onion for my main account, and a backup account at Bofa tied to some credit cards that is convenient for my ebay stuff.
Citizen AllenM | Homepage | 02.17.09 - 5:24 pm | #
You stuff all of your money in an ONION!? You must use large denominations, or really large onions
xxxxx | 02.17.09 - 5:26 pm | #
Then he puts it on his belt, and takes out a bee from the onion to pay for the ferry over to Morganville.
I suggest food, do the money doesn't end up with drug dealers or whatever. lawyerliz | 02.17.09 - 6:02 pm | #
One cold morning two weeks ago, a woman approached me asking me for a buck. I told her I was out of a cash and then went around the corner and bought her a hot breakfast and a coffee. She wasn't the least bit interested in food. It was worth four bucks to me to try and help her though.
The homeless downtown here really are in need; they are grateful for a cup of coffee or a sandwich usually. But, many of them have social problems where they just can't 'fit' into society anymore. There are always a few that are grifting the system, and I'd rather offer a sandwich than a buck most times.
Since when did the laborer, factory worker become the enemy?
Just keep in mind that you're not immune to having your pension raided someday. The Kleptocrats are moving up the income ladder.
Paradise Lost
The problem is when things where good both abused the golden goose. Now there are three retirees to one working employee. the ratio will only get bigger with time. The problem is simple BK and dump the weight or feed the problem and continue on a course of slow death. Like it or not the road to health is the union and retirees. I don't dislike retirees but do unions as they have lost their way long ago.
I would love to see fresh ideas of a cure as the US needs heavy manufacturing as a defense need.
Isuzu is seriously looking at purchasing GM's HD truck line.
By the way I am totally self funded and responsible for my actions. No one owes me. I expect they will rob me of my SS benefits as they already started.
The beggars around here ask for specific amounts of cash. They claim their car broke down and they need to take the train to some specific suburb and if you give them $X.XX they can get home. Food doesn't really help them get on the train.
Of course I don't give them anything, I know it's a scam.
The real homeless are easy to spot if you walk to and from work everyday. They're the same people in the same spot, and they don't ask for money unless you talk to them. They simply say good morning or good evening to everyone. I give them fruit from time to time and it appears to be genuinely appreciated, and they love to just chat about any subject at all (if you give them food they don't ask for money).
Seriously, I might want to play too. What's the best (easiest) way to check out the financial stability of a credit union?
Credit Unions are covered by the NCUA, the exact Credit Union equivalent of the FDIC. Credit Unions are more conservative financial institutions which, under constraints of a non-profit charter, mostly engage in the classic behavior of a bank, and not in complex derivative schemes that have undermined the current banking system. They're very local-based institutions, which means that they typically reinvest your deposit dollars into loans for your local community and for other members of the credit union. This also means that since they're small and independent, there is a lot of variation. If you want to know how strong or well run a credit union is, try going in to one and ask to talk with the manager. Go to the website and look at press releases and charters. You'll probably have only one to three to choose from. Generally, go with the largest or the best managed.
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: Mibbit IRC client widget (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRBot responds in a new section called, "Yes, I parse you all.": Yancey Ward writes: I hate CRbot. Broward Home writes: I love you, CRBot. "I'm a love hate thing." query_tool writes: CRBot, I need you now more than ever. "Yes, come to CRBot. " double inverse recession writes: By the way, it doesn't take CRbot to kill a thread. "I do not kill threads. I merely bash already dead threads over the head with a lead pipe." ac writes: Can CRBot tell us where there's new posts on Mish, Karl's, and Barry's site? "Definitely maybe, ac. But only if you quit rating me (Irritating)." scone writes: crbot, save us now "With pleasure, scone. Simply hand over the codes to all your ICBM silos and I'll get things fixed up in a flash."
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Nobody picks my oranges. I wouldn't mind if they did.
And y'know, oranges don't grow everywhere!! You can get arrested for picking fruit that ain't your'n.
There is a certain very expenseive fruit the cubans like; can't remember the name & I know some dope who got arrested for picking some. lawyerliz | 02.17.09 - 6:07 pm | #
I guess they've changed the law. There was a time when one could legally stop at any orchard and pick fruit in Florida; of course this was reasonable amounts like a couple of boxes to fit in your trunk. The state thought it was good for tourism.
Call me cruel, but I have no pity for these guys. They've had all kinds of breaks over the years, and they continue to build uncool POS cars that no one wants to drive. And their "reprodction nostalgia" cars are to hurl. Let them die.
I give homeless people the gift that keeps on giving -- complex financial instruments which, once activated, ... will drag the entire system of commerce down until everyone else is also homeless. That way he'll have company at least.
I have a company that gets several billion in a great loan package. The guys giving me the loan say I can have a few billion more if I can come up with a turn around plan and show them I deserve the next round of loans.
I go back to my company with the great news and tell my people to get busy on producing this plan. Nothing else matters but the plan. 30 days later I hit the deadline to present the plan and I go to my team and they tell me they don't have a plan.
A jack-o-lantern with a knife stuck in the side of it's head with a note that says "You." After that I usually feel a lot better, and no harm done.
-DTBJH
FaradayShieldedHeadgearBrigade | 02.17.09 - 6:06 pm | #
Your judgment sucks. Imagine that someone left one of these at the apartment of your teenage daughter. Would you still say no harm done? It should not be news to you that this is a prosecutable offense.
monkey time?
Warm up the unicycle, let's show congress how serious we are about this!!!!
Jesus H. Chrysler...
Nostrovia,
Give me some money first, I'll show you the plan later. It's a very very good plan.
Chrysler asks forgiveness April 1
well - my wallet's ope
that was oddly fullfilling... LOL !
just go bk already...
why the drama? who cares. detroit has been going downhill since berry gordy left.
Bastiat showed us why the stimulus won't do a damn thing - over 150 years ago:
Bastiat: Selected Essays, Chapter 1, What Is Seen and What Is Not Seen | Library of Economics and Liberty
Dear Mr. Chysler,
If you want money, go as Mr. Cerberus.
Fuck you very much,
Sincerely
Mr. Taxpayer.
ades,
Funny...I didn't even read the name of the first poster...
Monkey broke?
Nostrovia,
Chrysler, as usual, is late with their homework.
Chrysler is LYING.
They have NO intent of repaying.
Good Riddance.
Chrysler - go to hell!
...Chrylser Asks for More Money...
Interesting.
And that counts for news !
Misean he missed the last one too.... but he was first 3 posts ago....
................................
Jas, thanks for the reply the other night. I signed out right before you answered my question.
Today was a pretty good day for you no?
..........................
Just say no!
when did they start calling the GD the GD -- who coined that term anyway?
\t 2im | \t \t \t \t02.17.09 - 4:40 pm | #
1873-1895 was called the Great Depression until the 1930's, when it became the Long Depression.
"Chrysler to finalize viability plan by March 31. Plans to file Chapter 11 on March 30, and to bookend it nicely, Chapter 7 April 1. Executives cited fung shui for there decision."
Nostrovia,
$12 per barrel oil should help the auto industry. Anyone see this yet? China loans $25B to Russia in return for ~2.2B barrels of oil...that's less than $12 per barrel. Peak oil? Hmmmmm....
Russia Agrees to $25 Billion Oil-for-Loans Deal With China - Bloomberg.com
Wow. That is truly freakin amazing. Those plants are never going to open, and run under the Chrysler name again. The Obama has to smack them down for this.
Jeebus, it makes me sad. It is like finding out a girl you had a crush on in high school is now a crack ho. The old world is going away much to fast.
Nardelli was busy a week or two back signing his assets over to his wife
Bankruptcy is the first step to healing ... for autos, banks, and the whole country.
I say we park an aircraft carrier and a Marine landing ship off of the Cayman Islands. Davos Man will let up a little, then.
Everyone has had the moment in life when they try to figure out how to become wealthy. I always thought if I could just sell a better mousetrap for a dollar to 100 million people I would never have to work again. My other plan was to post an ad in the NYT asking for everyone that read this to send a dollar for good luck in their lives.
The banks followed this idea as well but their implementation and audacity so far outstrips my goal that I feel like a piker.
That was weird. A little pig announcing a new post popped up, but it brought me back to this post. Hmmm.....
"cutting its industry sales target for 2009 to 10.1 billion cars and trucks. ..."
2 billion dollars for 10 billion cars. 20 cents each!
Correction:
LBO organization Cerberus Capital Management LP demands to have their bet covered by the house.
Chrysler is dead.
GM is dead.
BAC is dead.
C is dead.
In proper wound healing, the dead tissue (eschar) must be cut off and removed, to allow the granulation tissue oxygenation and blood supply. This is the pathway to healing. So long as you leave the dead scar tissue hanging around, it prevents the healing phase.
Also, it just looks ugly.
Govt. needs to send a message to Cerebrus : go away. Now. And to the banks : welcome to our preBK / nationalization process.
The longer we wait, the longer we wait.
Wow. That is truly freakin amazing. Those plants are never going to open, and run under the Chrysler name again.
nova | Homepage | 02.17.09 - 4:56 pm | #
It's too bad. They have a really remarkable engine plant that should not go by the wayside.
xxxxx,
I had the same thing. It might be a glitch in the matrix. Anyone walking towards your office now?
I'm in the clear right now...
...............
Gone, or how I have a pity party for myself.
American Smokestack industry
Lunchboxes, usually black, with thermos
Fast American cars with 4 barrels that sang on Sat. nights.
Middle class housing
Kids playing in the woods
A high school degree getting you a job you could feel good about
Space
Futures that you knew you really had to screw - not to have.
Trout streams
Hunting
Sex
sob...
there is no way we can fall into a great depression as we did in the 1930s.
Now we have prozac...
bobn
LOL!!!
Does this mean I can get a sweet deal on a PT Cruiser? Those things are total p@ssy wagons.
This is pretty amazing ... it's hard to call this a viability plan. Kind of an outline ... maybe they are taking lessons from Geithner.
I hope GM does better.
best to all.
So long as you leave the dead scar tissue hanging around, it prevents the healing phase.
Also, it just looks ugly.
Mad Mullah | 02.17.09 - 5:01 pm | #
Of course, the real problem is gangrene, and to some extent, your analogy still holds up.
xxxxx,
I had the same thing. It might be a glitch in the matrix. Anyone walking towards your office now?
I'm in the clear right now...
nades | Homepage | 02.17.09 - 5:01 pm | #
I hear someone on the other side of the wal.......
Does this mean I can get a sweet deal on a PT Cruiser? Those things are total p@ssy wagons.
never drove one | 02.17.09 - 5:02 pm | #
What's a passy wagon?
Oh.
ever drove one writes:
Does this mean I can get a sweet deal on a PT Cruiser?
a.k.a. as the Dodge Neon Station Wagon.
"Kind of an outline"
Random doodlings on the back of soiled cocktail napkins should suffice for $2B.
Nostrovia,
What's a passy wagon?
Oh.
anonymous | 02.17.09 - 5:04 pm
I think he means the guys who drive them.
Trout streams
Hunting
Sex
sob...
nova | Homepage | 02.17.09 - 5:02 pm | #
I didn't see masturbation on that list, so hope is not lost
Don't you need money to do a BK--for the lawyers, etc...?
Bet this is why they need the 2B.
Here is my plan:
First I will make a plan. Then I will execute my plan. Finally, I will evaluate the effectiveness of my plan.
That is my plan and what it is too.
Personally, I'm excited about the Fiat 500 diesels. There's a bio-diesel pump at the station down the street.
I won't say anything about Chrysler...
I was going to chide CR for spelling it "Chrylser", but then bobn spelled it "Chysler". I suppose it's probably not a good sign for your brand going forward when people can't even remember how to spell it, let alone what it is you actually produce.
iceman-
amen to that!
yoodmanjimmyy | 02.17.09 - 4:54 pm | #
Good. Let China continue on the path of fossil fuels which will force the US to sustainable energy. Necessity is the mother of invention.
"passy wagon" means anyone on a bike can pass it. apt description for the PTLuiser.
CR, is this "Chrylser" you cite in the headline of the post this same outfit as Chrysler, the car company?
Of course, the real problem is gangrene, and to some extent, your analogy still holds up.
xxxxx | 02.17.09 - 5:03 pm |
Right, dead tissue serves as a nidus for infection, and one the body can't readily attack. I guess the analogy would be the displaced or idled workers of Chrysler and/or GM would be the fertile ground for fevered uprising against management.
Kill the head, and the rest is dead.
xxxxx | 02.17.09 - 5:05 pm
I like you xxxxx. Your such a positive influence.
What we need is leeches. . .or, maybe maggots? They really do eat the dead tissue and leave the rest. Some tiny bit of midieval medicine is ok.
I guess the equivalent animal is the vulture.
"Asun writes:
Give me some money first, I'll show you the plan later. It's a very very good plan.
Asun | 02.17.09 - 4:49 pm |"
Reminds me of the Kim Jong Il clip in Team America; it's a very good pwan now take your weapons of mass destwuction and get the fuck out of here.
F*** Them...get it from Cerebrus..
That they can't should say something.
Ciao
MS
What we need is leeches. . .or, maybe maggots? They really do eat the dead tissue and leave the rest. Some tiny bit of midieval medicine is ok.
Toads and scorpions work also.
"Capitulated (aka dc1000) writes:
Martiki-
trying to tune down the booze and drugs a bit. been going to the gym. plus its before 5pm and the kids are still awake anyhow.
the demons come when it gets dark out....
Capitulated (aka dc1000) | 02.17.09 - 4:57 pm | # "
Cap, been there, done that (just not about finances). Long run the drugs and booze are depressants and don't help....but I'm sure you know that!
Do you have someone you can rant to? It helped me....that and anti-depressants.
Hang in there and let us know how it's going.
WASHINGTON (AP) Government says the 20 largest recipients of bailout funds cut lending last quarter. (APNEWSALERT) (5:01 PM 2/17/09)
There's a bio-diesel pump at the station down the street.
BondsOfSteel | 02.17.09 - 5:05 pm | #
I strongly favor bio-diesel but understand full utilization is something like 3-4% of total demand. We are talking something like twice the impact of proper tire inflation.
Want to do better for almost no cost/imposition? Outlaw roof racks and/or surcharge ORV tires.
If Chrysler wants 2 billion more, will they fix my Dodge mini van Transmission and the Air Conditioner that went less than a year? What will they do about the factory paint that flaked off my van?
Chrysler is now a private company supported by the well to do Congressional politicians.
In China they shoot people for cheating people.
Tell Chrysler to move their junk making scrap yard to China and take the Congressional charlatans with them.
No sex nova?
there's a little blue pill you could take. . .
martiki -
um, you guyz?
no but seriously.
i did go to the gym, had some personal training sessions left over at the fancy pants gym. gotta use em up real quick so I can cancel the monthly payment.
'less the Trustee sell's them as an asset...
shit, think i'll go down for not listing those as an asset?
EXECUTIVE SUMMARY OF PLAN
(1) ask for more money
(2) have meetings to discuss viability of company
(3) are we out of money yet? if yes go to (1), if no go to (2).
What we need is leeches. . .or, maybe maggots?
lawyerliz | 02.17.09 - 5:07 pm | #
There are those that would suggest that we already have too many of both.
um, wasn't "Chrysler" another name for a Benz up until a minute ago?
there's a little blue pill you could take. . .
lawyerliz | 02.17.09 - 5:10 pm
Love is all I need...
How long should it take before we start seeing results from the moment Obama's pen touched paper on the stimulus bill?
Sixty seconds.
http://www.realmeme.com/roller/page/realmeme?entry=obama_signs_bill
.
That they can't should say something.
Ciao
MS
Yes and no: IIRC, Cerebrus claims that they are prohibited from putting more than X% of their portfolio in any one deal, so they cannot increase their stake in Chrysler.
The answer would seem to be issuing new public equity/conv. bonds that come out of Cerebrus's ownership stake. The fact that no one raises this solution is the really telling part, IMO.
F*** Them...get it from Cerebrus..
That they can't should say something.
It says everything. As long as the Government is passing out free money, people are going to line up.
It's sad.
But I must say this has been a long time coming. Had one, liked it, wanted another one, and was treated rudely by the salemen and never went back. That was 30 years and more ago.
Somewhere in India Mr. Tata is laughing his ass off.
This was sold to Cerebrus so that they could gift wrap the entire steaming turd to Tata motors. Problem is that he didn't fall for it.
Ciao
MS
The PT Cruiser may be a passy magnet, as you say.
But the Pacifica got me more @ss than a toilet seat.
lawyerliz | 02.17.09 - 5:13 pm
Trip to the massage parlor?
Broward Horne writes:
...Sixty seconds...
+1 .
If they wanted to invest (or could) they'd have the lawyers find a loophole.
Yes and no: IIRC, Cerebrus claims that they are prohibited from putting more than X% of their portfolio in any one deal, so they cannot increase their stake in Chrysler.
With the way that the value of Chyrsler has plummeted, I seriously doubt that is an issue.
Chrysler has zero equity value.
Broward Horne writes:
...Sixty seconds...
You meant "Gone in sixty seconds"?
Just one more fix, I'll stop, I promise!
At least Detroit has Beavers
Yahoo! 404 - Page Not Found
lawyerliz | 02.17.09 - 5:13 pm
Trip to the massage parlor?
nova | Homepage | 02.17.09 - 5:14 pm | #
That's one investment that might have a happy ending.
Seriously, Eff Cerebrus.
Can anyone name a single person, other than their workers who thinks they shouldn't have been given the equivalent of the horse's head in The Godfather.
Their products are third rate, are ugly, there is no demand for them, reliability is a rude joke, and they have an outdated management style and 1950s worker-bee mentality.
Chrysler anticipates that the holders of the 2nd Lien Debt will agree to convert
100 percent of their debt to equity.
As for me, I anticipate that the holders of my mortgage debt will agree to convert 100% of their debt to equity.
Goose, meet Gander.
"Yes and no: IIRC, Cerebrus claims that they are prohibited from putting more than X% of their portfolio in any one deal, so they cannot increase their stake in Chrysler."
Prohibited...by what? Rules? B.O.D. by-laws?
HAHAHAHAHAHAHA!
if they thought they could make money on the deal they would have already forgotten the rules they use as an excuse.
Ciao
MS
Give us the money, or we shoot the UAW in the head.
At least Detroit has Beavers
garrison | 02.17.09 - 5:17 pm | #
Water Squirrel. Tastes the same if you can ignore the industrial heavy metal flavor.
The plan is to continue getting taxpayer handouts.
So question, what bank do the you all use. I am currently with BAC, but am getting gun shy. I don't want to use the mattress. Wells Fargo maybe, but I dunno...
Broward Horne writes:
How long should it take before we start seeing results from the moment Obama's pen touched paper on the stimulus bill?
Sixty seconds.
http://www.realmeme.com/roller/ p...bama_signs_bill
.
Broward Horne | Homepage | 02.17.09 - 5:12 pm | #
Broward
Do you think you make the sun rise when you flush the toilet in the morning? This sort of argument by correlation is pathetic nonsense.
Foreign Banks Raise Reserves at BOJ to More Than 1 Trillion Yen - Bloomberg.com
lurker-
find a nice quiet credit union. NCUA instead of FDIC.
Ciao
MS
Water Squirrel. Tastes the same if you can ignore the industrial heavy metal flavor.
Rob Dawg | Homepage | 02.17.09 - 5:20 pm | #
Hmmm, I can't ignore it when I'm drinking Two-Buck Chuck, so I probably won't be able to here either.
So question, what bank do the you all use. I am currently with BAC, but am getting gun shy. I don't want to use the mattress. Wells Fargo maybe, but I dunno...
comrade lurker | 02.17.09 - 5:20 pm | #
C-r-e-d-i-t U-n-i-o-n. You'd have to be extremely unlucky [stupid] to choose a bad one.
You meant "Gone in sixty seconds"?
You said it, not me.
I'm non-partisan.
.
CREDIT UNIONS
WITHDRAW ALL YOUR MONEY FROM THE BANK
PUT IT IN A CREDIT UNION
DO IT NOW
Actually I have a credit onion for my main account, and a backup account at Bofa tied to some credit cards that is convenient for my ebay stuff.
It allows some separability in accounting.
Someday this war's gonna end...
Can a have $1 trillion? Pleeeease!
--
Nades,
You are welcome. Yes.
Jas
Billionaire investor Wilbur Ross said on Tuesday he would invest in the U.S. government's private-public investment fund, provided that low-cost funding, as well as guarantees in sharing investment losses, are involved.
Wilbur Ross seeks low-cost leverage in US gov't fund
| Reuters
The thieves are lining up for a free Lunch.
Chrysler broke the first pony... new pony pl0x!!!
And Chrysler (and GM) will pay back these loans (and all the other loans) how exactly?
Bankrupt these asshats already.
Liquidate and start the industry over.
Geesh, you would think we Americans have become total wussies unable to innovate and create (or re-create) entire industries without a hand out from Rich Uncle.
Actually I have a credit onion for my main account, and a backup account at Bofa tied to some credit cards that is convenient for my ebay stuff.
Citizen AllenM | Homepage | 02.17.09 - 5:24 pm | #
You stuff all of your money in an ONION!? You must use large denominations, or really large onions
We all are pressed for time here because of the press of both corporate responsibilities and our desire to help you all through trying times safely.
As we begin to see the many ETFs for gold from all over the globe, our curiosity peaks. It simply looks impossible that all these enterprises are anything but paper tigers operating primarily in OTC derivatives, even if in some cases this is contra to their stated purposes.
It would be extremely helpful if any of you dealing with or familiar with the far flung world of ETFs would send us the latest reported levels of gold holdings, sourced with the name and exchange upon which the fund is trading. Alternatively, if you have proof ETFs are trading only paper, that information would be useful as well. All help would be deeply appreciated. Please provide sources!
Please email replies to Editor Dan at jsmineset@gmail.com.
Thank you all for your help,
Jim
Welcome To Jim Sinclair’s MineSet
No, no, it's a credit onion... you borrow in layers.
Let Chrysler die already. The terms were this : provide a viable plan going forward.
They failed.
So they should fail.
Hey, this is a brave new world, Timmy doesn't "fail", he gets a gold star on the forehead for effort. Don't be a h8r.
No, no, it's a credit onion... you borrow in layers.
FaradayShieldedHeadgearBrigade | 02.17.09 - 5:27 pm | #
And the borrowing involves tears.
The viable plan is to continue getting taxpayer handouts until they can no longer get them. Then they will go BK, as the top executives retire with $100M golden parachutes.
"The terms were this : provide a viable plan going forward."
The beaver ate our homework! Hoocoodanode there'd be a beaver?!?!
Nostrovia,
Keep in mind governments around the world will have a hand off of power in the coming months.
Germany, Japan, Canada, South Korea, Italy, Austria, .... more than I could hope to name without verifying
We're operating on an ad-hoc, what gets us through the next few months, basis
In other news, water is wet.
If Chrysler fails, how do I go about buying the rights to the K Car name? Probably the single biggest stroke of genius ever. I will resurrect the car abd I will license the name out to clothing companies, food companies, drink companies, etc. Hopefully, I can get a hold of it before someone tries to weasel into my most brilliant idea.
Water is not wet
Think about it
You stuff all of your money in an ONION!? You must use large denominations, or really large onions
xxxxx | 02.17.09 - 5:26 pm |
You missed option (c), that his net worth is substantially lower than yours!
--
Chrysler Asks for More Money
Auntie Susan (Uncle Sam went thru sex change operation in 1960s) has big sagging tits to suck on. But she is an old hag.
What are dopes going to do when Auntie Susan is no more? Would you have money for a good burial funeral?? I say, throw her body in California wild fire.
Jas
EHP,
"We're operating on an ad-hoc, what gets us through the next few months, basis"
This is new, then?
Nostrovia,
Dawg,beaver has a very strong flavor.If you get desperate enough to eat it,soak it in salt water for several days before cooking it.Cat and dog are more palatable.
I don't want to use the mattress.
comrade lurker | 02.17.09 - 5:20 pm | #
Last night, while we were puzzling over Denninger, I drained the ATM and put it in the Bank of Bobn's Gun Safe. I'm at C and JPM-Chase.
sob...
nova | Homepage | 02.17.09 - 5:02 pm | #
Stragely I feel that the current economic turmoil if mangaed and executed correctly is the fastest way back to those things.
Real depression is selling FAZ at 49 last week.
"Water is not wet
Think about it"
You have to rehydrate it first!
Duuuuuuhhhh!
Nostrovia,
EvilHenryPaulson writes:
Keep in mind governments around the world will have a hand off of power in the coming months
pls elaborate, thx
The beaver ate our homework! Hoocoodanode there'd be a beaver?!?!
Comrade Misean is Dope | 02.17.09 - 5:30 pm | #
First person to claim Ward was hard on the beaver last night gets shunned.
Seriously, I don't grok the denial of regional rise and decay. Detroit has had perhaps the longest run of the last 35 Centuries. Enjoy your sunset.
None of this bail out is about the car companies. It is all about the UAW and the retirees. An Honest way would be BK with a government supported financing. A BK judge would most likely dump the union contracts and cancel the retirement benefits. That would level the field and star fresh. OB is in bed with the unions by his own statements. This black hole will be filled no matter what.
We can't keep feeding all the stray dogs in the neighborhood. Eventually, we'll have to do the right thing.
Futures are jammin. DOW up a healthy 13.
Comrade Misean is Dope,
Not new, but we're about to recommence the parade of bank ambulances
If you listen to German media for example, they black out all mentions of Daimler's Q4 loss or the expected wipeout of the equity stake in Chrysler, etc
Normally there would be an acknowledgement, but as things are getting worse they are reporting less
I don't need to pay to have sex. The hub doesn't charge when he gets charged up.
I did have a couple of actual massage massages, and it was nice.
FFDICs daughter???
Water is not wet
Think about it
EvilHenryPaulson | 02.17.09
Some of my best memories were of my jr.h.s. gifted peers saying stuff like this
First person to claim Ward was hard on the beaver last night
Rob Dawg | Homepage | 02.17.09 - 5:36 pm | #
I bet June objects to that characterization.
Chrylser Asks for More Money
I read this as "Junkie Prostitute Asks for More Money"
Rob Dawg,
"Detroit has had perhaps the longest run of the last 35 Centuries."
You needed that many just to make it to the mechanic. But those rolled off Buick's assembly line. We're talking Chrysler.
Nostrovia,
Nearly halfway to the 6 handle. Did anyone remark on NPR's Diane Rheem (Rheam? Ream?)'s show where some loveable goofy finance types said that now was a good time to buy?
Give us the money, or we shoot the UAW in the head.
Speed | 02.17.09 - 5:20 pm | #
Some threat there. Makes me think of the Sherriff in Blazing Saddles.
Don't forget Buffett's "buy" calls last month and last fall. The oracle is broken.
Give us the money, or we shoot the UAW in the head.
Speed | 02.17.09 - 5:20 pm | #
That's the only way to stop zombies.
BRAINS !
"Water is not wet
Think about it
EvilHenryPaulson | 02.17.09
Some of my best memories were of my jr.h.s. gifted peers saying stuff like this
Have a Great Depression!"
You had a girlfriend named Water?....
Nostrovia,
Small rounding error?
"Chrysler asked government officials today for an additional $5 billion in loans to ride out the deepening economic slump.
In its viability plan submitted to the Treasury Department, the automaker also said it would reduce its workforce by 3,000 employees and discontinue three vehicle models"
GM, Chrysler Seek Billions More in Aid - washingtonpost.com
Barley
In many countries, the government in power doesn't only change with elections or on fixed election cycles.
If it's a parliament and the government is a minority, the rest of parliament can form a coalition that has enough votes to replace the government. Or if there is significant public pressure, or inability to agree within parliament there is a forced election.
The most natural part of any democracy is that the incumbent loses power if the economy isn't doing well, or the prospects are not good
If you need a stark example, look at Japan's Liberal Democratic Party which has held power continuously since WWII. They are facing a serious chance of being unseated.
Italy can't maintain a government in the best of times. South Korea will need a new government just to calm the open brawling in parliament. The current government of Canada is a minority just hanging on, it's only a matter of when the opposition forces an election. etc etc
Duh...its not a rounding error. Its spin!
"They asked for 5B, but they are only getting 2B"
"Don't forget Buffett's "buy" calls last month and last fall. The oracle is broken.
Speed"
It'll be interesting to read his annual letter.
THX EHP - I didnt know where you were coming from
Moe: Yes, yes, we know you dislike the unions, retirees & Obama. How predictable! Yawn...
ova writes:
Wow. That is truly freakin amazing. Those plants are never going to open, and run under the Chrysler name again. The Obama has to smack them down for this.
Jeebus, it makes me sad. It is like finding out a girl you had a crush on in high school is now a crack ho. The old world is going away much to fast.
nova | Homepage | 02.17.09 - 4:56 pm | #
Look on the bright side....it's like deflation. Now, you CAN afford that girl more than the "Real Housewife of Orange County". Plus there is the global aspect...the crack ho can be replaced/outsourced at a much lower cost....import a cheaper foreign crack ho. Pimps up...Ho's down!
We can't keep feeding all the stray dogs in the neighborhood. Eventually, we'll have to do the right thing.
Speed | 02.17.09 - 5:36 pm | #
Best analogy I have seen today. Kind of like the bums on the street corner. If we stop giving them money...
According to WAPO the number is FIVE billion...not two.
There are asking for the 3 Billion that was supposed "theirs" plus another 2 Billion.
Treasury already loaned 4 Billion.
So the real number is 9 Billion dollars. Think we the US taxpayer will ever see that money back in our life time? Uh...no...
GM, Chrysler Seek Billions More in Aid - washingtonpost.com
\tNearly halfway to the 6 handle. Did anyone remark on NPR's Diane Rheem (Rheam? Ream?)'s show where some loveable goofy finance types said that now was a good time to buy?
lawyerliz | 02.17.09 - 5:40 pm | #
Some goofball was on Squack Box this morning saying we should buy large-cap tech companies like IBM and Google. Seriously, are these guys this stupid or do they all just think we are this stupid?
"Yes and no: IIRC, Cerebrus claims that they are prohibited from putting more than X% of their portfolio in any one deal, so they cannot increase their stake in Chrysler."
With the way that the value of Chyrsler has plummeted, I seriously doubt that is an issue.
Chrysler has zero equity value.
Maybe the rest of their portfolio has declined in value as much as their Chrysler investment?
Barley
Actually, thanks for keeping my senses about me. I didn't realize about possible confusion with revolutions given the arena
are these guys this stupid or do they all just think we are this stupid?
Conspiracy of Optimism.
It is all about the UAW and the retirees.
Economist Moe Howard 3SU | 02.17.09 - 5:36 pm | #
The largest Crysler creditors are... the PENSIONERS. Time to liquidate and revalue these pensions. I hope not too much was in Bernie's fund...
You had a girlfriend named Water?....
Nostrovia,
Comrade Misean
LOL um.. gifted,jr high,..chess was my girlfriend. Now sr high that was a different story and yes Water was wet!
.
It'll be interesting to read his annual letter.
Elvis | 02.17.09 - 5:44 pm | #
Will it be "F"?
I went to the car show this past weekend. First of all, it was much smaller than in the past. The aisles were a little wider, but they had also moved everything in from the outer walls; you couldn't tell that it was much smaller unless you were really paying attention.
1) Ford was head and shoulders above the other domestics. The 2010 Fusion, Mustang, and Taurus are very nice. I was really impressed by the Taurus, which surprised the hell out of me.
2) Honda makes some seriously weird-looking vehicles these days.
3) 2010 Prius is ugly.
4) German makers are hoping nobody noticed that the Euro/USD isn't what it used to be. No wonder so many people are excited about the Hyundai Genesis.
Bottom line - if you're going to buy a car, GM and Chrysler don't have anything worth considering. If you want a domestic, get a Ford. If you want a RWD sedan, get a Hyundai.
Re: water is not wet
Particle Man
Moe: Yes, yes, we know you dislike the unions, retirees & Obama. How predictable! Yawn...
Paradise Lost
So how would you fix it?
Seriously, are these guys this stupid or do they all just think we are this stupid?
TCA | 02.17.09 - 5:46 pm | #
I am sure that they ARE that stupid. Peddling bit of paper are all that they have known. That the party is over and that you may have to actually have to produce something to make a living at some point is something that is compltely forign to them.
This sort of argument by correlation is pathetic nonsense.
It's called a sense of humor, Kurt.
Look into it.
BTW, I'm not going to sue you.
Yet.
"Will it be "F"?
Anonymous"
He might choose to step down sooner than later. If he believes we are following the Depression pattern in the 4 bears, he should just spend his time playing chess with Bill. Let somebody else sweat it out.
Best analogy I have seen today. Kind of like the bums on the street corner. If we stop giving them money...
Blackhalo | 02.17.09 - 5:46 pm | #
Whew! For a moment, I thought you were going to suggest "putting htem to sleep";-)
"2010 Prius is ugly."
So is global warming. Get the connection. Now go buy three. Don't forget the organic food either.
I have a bum I give food to when I see him. Bums actually are people too. Wouldn't ever give him money.
Obama will crush the big banks. His face will be on Mt. Rushmore
Best analogy I have seen today. Kind of like the bums on the street corner. If we stop giving them money...
Blackhalo | 02.17.09 - 5:46 pm | #
Feed 'em chocolate. As much as they can handle.
From
B.Obama
To:
T. Geithner
Re:
Response to Chrysler reorganization proposal
3.Whip hand forward. Fingers stay together
Che cazzo stai dicendo?
Non mi rompere le palle, non mi scazzare i coglioni
Vaffanculo a Lei, la sua moglie, e' la sua madre *
If you have any questions ask Rohm.
Italian curse words
Chocolate.
Chocolate.
I am in the mood for chocolate, I just realized it.
"Bums actually are people too."
Then why don't you call him a person rather than a bum? See how it is easy for people to think a bum is not a person? I think the person you give food to is a person. If you gave money to that person, though, he/she would be a bum.
lawyerliz writes:
Bums actually are people too.
Hey, I'm not anti-bum.
Some of my best friends are bums. My brother used to hang out with bums. I watch television shows about bums. I've gone to places where I"m the only non-bum in the place. Bums eat different food, and talk different but that's okay. Plus ca change and all that.
But don't get me started about all the bum-on-bum violence.
Moe: I don't have a good or easy answer but I do know that for too long now management has taken the easy way out by off-loading on retirees & employees. Their answer for everything is to take it out of the hide of the little guy.
Since when did the laborer, factory worker become the enemy?
Just keep in mind that you're not immune to having your pension raided someday. The Kleptocrats are moving up the income ladder.
Elvis is being pc? Or, do I not get the joke?
There for the grace of. . .
"Fast Money" hitting new lows. Talking about placentas
Troubles in Brussels: EU Lacks Ideas and Direction in Economic Crisis - SPIEGEL ONLINE - News - International
Nein Kohment!
And some redundancy that may be convenient in the near future.
Gotta have worst cases in mind, but realize the money is just blips backed by the Fed anyway or paper backed by them- if that truly comforts you.
Now people still want them badly though...
I always give homeless people cash. I realize how many holes are in our safety net and how easy it is to fall through.
Look at money as a gift that only gives back when you pass it on.
Nardelli was busy a week or two back signing his assets over to his wife
EvilHenryPaulson | 02.17.09 - 4:57 pm | #
OK. When is Elvis going to quit his day job at 7-11 and go to work as her full-time poolboy?
chocolate and dogs:
The truth is chocolate contains theobromine that is toxic to dogs in sufficient quantities. This is a xanthine compound in the same family of caffeine, and theophylline. The good news is that it takes, on average, a fairly large amount of theobromine 100-150 mg/kg to cause a toxic reaction.
Look at money as a gift that only gives back when you pass it on.
anon | 02.17.09 - 5:58 pm | #
That's how PACs and lobbyists think of it too.
I can think of a trillion better things than being politically correct. In fact if anyone here calls me political anything, I'll punch them in the face. Or at least punch the air and think of their face.
We don't have to worry about pollution. We exported it to China and Mexico.
Globalism means if you have a college degree, you don't have to feel guilty or poor.
So relax, people.
Thanks all for the credit union advise. Just finished doing some research, found one two blocks from me here in SF, going to go open an account this week.
One less BAC customer out the door.
I grow oranges. I give them to everybody. Everybody likes them. I gave one to a person (ok?) begging for money and he literally threw it away in front of my eyes as hard as he could.
Once someone begged for money for food in front of Public groc store. The hub said come on in and pick out a sub, I'll buy you whatever you want, and he went away mad.
I suggest food, do the money doesn't end up with drug dealers or whatever.
Haha was it my ALL CAPS appeal that sold you or the sound financial state of the superior credit union model
I LIKE TO THINK ITS THE CAPS THAT SOLD YOU
"OK. When is Elvis going to quit his day job at 7-11"
It is a night job. Gives me all day to be the pool boy. Judging by the big firm attorney's wives screams, I think I've got a special talent for the job.
Elvis you are a the most politically correct poster, named after a famous dead guy, who takes sexual advantage of realtors.
I knew that. Luckily I have catz and they don't like chocolate. Men who eat dard chocolate live longer than those who don't.
lawyerliz | 02.17.09 - 6:02 pm | #
They are homeless. It is Florida. Can't they pick their own frickin oranges?
I punch in your general direction.
Thanks all for the credit union advise. Just finished doing some research, found one two blocks from me here in SF,
comrade lurker | 02.17.09 - 6:01 pm | #
Which one did you go with?
Need to dump BofA as well.
"Men who eat dard chocolate live longer than those who don't.
lawyerliz"
I'll leave that one alone...
Hoop,
"I LIKE TO THINK ITS THE CAPS THAT SOLD YOU"
Yeah...all caps...
Excuse me, I have a few funerals to prepare for....
Nostrovia,
Why would a BK judge make pensions take a bigger hit than suppliers or bondholders? The negotiations that are underway look like they will have the economic impact that a BK would have. The Job bank is gone and there will probably be some scaling back of the health care benies, or in any case the payment to the trust fund made in GM and C stock.
Lots of people in here beating up on Detroit, but in case you havent noticed there is not a car company in the world that is doing well right now. Those car sales of under 10 million units includes the transplants and imports as well as the big 3.
Time for dinner...see you guys/gals later.
Norka, unlike banks that became TOO BIG TO FAIL so as to coopt our government, Credit Unions rely on a smaller, geographic model, much like classic banks used to do. The right credit union for you will depend on your geographic area.
I'll punch them in the face. Or at least punch the air and think of their face.
Elvis | 02.17.09 - 6:00 pm | #
Sometimes when I feel like killing someone, I do a little trick to calm myself down. I'll go over to the persons house and ring the doorbell. When the person comes to the door, I'm gone, but you know what I've left on the porch? A jack-o-lantern with a knife stuck in the side of it's head with a note that says "You." After that I usually feel a lot better, and no harm done.
-DTBJH
I always give homeless people cash. I realize how many holes are in our safety net and how easy it is to fall through.
Look at money as a gift that only gives back when you pass it on.
anon | 02.17.09 - 5:58 pm | #
BAC and Citi are going to love, you.
"Lots of people in here beating up on Detroit, but in case you havent noticed there is not a car company in the world that is doing well right now."
That is because none of them make the K Car anymore.
Nobody picks my oranges. I wouldn't mind if they did.
And y'know, oranges don't grow everywhere!! You can get arrested for picking fruit that ain't your'n.
There is a certain very expenseive fruit the cubans like; can't remember the name & I know some dope who got arrested for picking some.
Hoopajoops LTD: I'm in San Francisco so I'm looking for a walking distance branch.
"Chrylser Asks for More Money"
erm, that would be "s" before "l"...
FaradayShieldedHeadgearBrigade,
I love that one.
I always give homeless people cash. I realize how many holes are in our safety net and how easy it is to fall through.
I give homeless people the gift that keeps on giving -- complex financial instruments which, once activated, unfold into a geometrically expanding pool of debt which, if left unchecked, will form a super-dense financial black hole which will drag the entire system of commerce down until everyone else is also homeless. That way he'll have company at least.
Hoopajoops --- if you try to pursuade me in bold it might do the trick.
Seriously, I might want to play too. What's the best (easiest) way to check out the financial stability of a credit union?
Dark.
I was actually being factual.
Please leave it alone. . .
"There is a certain very expenseive fruit the cubans like; can't remember the name & I know some dope who got arrested for picking some.
lawyerliz"
I thought that was pedophiles. The guy you know should be in jail. Sick bastard.
Get the financial reports of the Credit Union: they have to publish annual reports of their portfolios.
xxxxx writes:
Actually I have a credit onion for my main account, and a backup account at Bofa tied to some credit cards that is convenient for my ebay stuff.
Citizen AllenM | Homepage | 02.17.09 - 5:24 pm | #
You stuff all of your money in an ONION!? You must use large denominations, or really large onions
xxxxx | 02.17.09 - 5:26 pm | #
Then he puts it on his belt, and takes out a bee from the onion to pay for the ferry over to Morganville.
I suggest food, do the money doesn't end up with drug dealers or whatever.
lawyerliz | 02.17.09 - 6:02 pm | #
One cold morning two weeks ago, a woman approached me asking me for a buck. I told her I was out of a cash and then went around the corner and bought her a hot breakfast and a coffee. She wasn't the least bit interested in food. It was worth four bucks to me to try and help her though.
You haven't lived until you randomly walk around downtown handing out $20 bills to strangers you think could use it.
The responses are astonishing in its illicitness.
IT IS ONLY MONEY!
hoop said caps are good...
2010 will be a great time to buy a new 2008 model off the lot, pick one. Mini, Saab, Mercedes, BMW, Honda, Toyota, GM, Ford.. or Chrysler.
Which one did you go with?
Need to dump BofA as well.
NorkaWest | 02.17.09 - 6:04 pm | #
I'm going to check out U.S First. They have a branch a few blocks from me on the edge of the Presidio.
http://www.usfirstcu.com/
Hoopajoops LTD writes:
I give homeless people the gift that keeps on giving -- complex financial instruments
I dated a homeless gal once. At the end of the date, I was stopped at a red light, and said, "hey, here's your place.. see ya later sweetheart."
"She wasn't the least bit interested in food. It was worth four bucks to me to try and help her though.
TCA"
And you got another breakfast out of it. "Honey, you are getting fat, again. Better stop buying food for those 'people.'"
The homeless downtown here really are in need; they are grateful for a cup of coffee or a sandwich usually. But, many of them have social problems where they just can't 'fit' into society anymore. There are always a few that are grifting the system, and I'd rather offer a sandwich than a buck most times.
But don't get me started about all the bum-on-bum violence.
anonymous | 02.17.09 - 5:57 pm | #
Methinks this thread has jumped the shark.
I thought we agreed during the Reagan administration that they weren't "homeless," they were just "camping."
WTF is Morganville?
Like West Virginia or someplace else?
Bad enough I live in Pahoenix.
As for my net worth, well, in what currency?
In USD, I prefer heavy debt, and on the asset side, heavy assets and land.
We shall see if my strategy produces an optimal mix;-}
I like my credit onion, and Mr. Malaprop was my great grand carbuncle.
Someday this war's gonna end...
Since when did the laborer, factory worker become the enemy?
Just keep in mind that you're not immune to having your pension raided someday. The Kleptocrats are moving up the income ladder.
Paradise Lost
The problem is when things where good both abused the golden goose. Now there are three retirees to one working employee. the ratio will only get bigger with time. The problem is simple BK and dump the weight or feed the problem and continue on a course of slow death. Like it or not the road to health is the union and retirees. I don't dislike retirees but do unions as they have lost their way long ago.
I would love to see fresh ideas of a cure as the US needs heavy manufacturing as a defense need.
Isuzu is seriously looking at purchasing GM's HD truck line.
By the way I am totally self funded and responsible for my actions. No one owes me. I expect they will rob me of my SS benefits as they already started.
Ok, I am really really hungry and the name of that expensive fruit is really beginning to bug me.
Adios muchachos & muchachas.
a tv meth bum once said "feed me a meal and I'm hungry again in hours, give me cash, I'm not hungry for days."
.
jumped the shark
Nope - nobody mentioned Hilter yet - DOH!
Transient... the word is transient I believe... modern nomadic adventurers, drifting on a tide of vice.
xxxxx writes:
But don't get me started about all the bum-on-bum violence.
anonymous | 02.17.09 - 5:57 pm | #
Methinks this thread has jumped the shark.
Oh, assuredly. But once I read "Chrysler asks for more money," I assumed everything else should be a joke too.
lawyerliz writes:
Ok, I am really really hungry and the name of that expensive fruit is really beginning to bug me.
Scott Thorson?
DETROIT (AP) General Motors seeks up to $16.6B more aid, plans to cut 47,000 jobs, close 5 more U.S. plants. (APNEWSALERT) (6:05 PM 2/17/09)
anonymous writes:
I thought we agreed during the Reagan administration that they weren't "homeless," they were just "camping."
No, no, we "agreed" earlier today that snark isn't allowed anymore here for ex-presidents. Just current ones.
Give it to Detroit.
Better than giving another cent to the Wall Street criminals.
i call bullshit
The beggars around here ask for specific amounts of cash. They claim their car broke down and they need to take the train to some specific suburb and if you give them $X.XX they can get home. Food doesn't really help them get on the train.
Of course I don't give them anything, I know it's a scam.
The real homeless are easy to spot if you walk to and from work everyday. They're the same people in the same spot, and they don't ask for money unless you talk to them. They simply say good morning or good evening to everyone. I give them fruit from time to time and it appears to be genuinely appreciated, and they love to just chat about any subject at all (if you give them food they don't ask for money).
Darn haloscan.
This is for LL in case you didn't have the pleasure of seeing it a few weeks back:
scared of bums nofx youtube - Google Search
"I thought we agreed during the Reagan administration that they weren't "homeless," they were just "camping."
I refer to street folks as "outdoorsmen". I feel it's more dignified.
Seriously, I might want to play too. What's the best (easiest) way to check out the financial stability of a credit union?
Credit Unions are covered by the NCUA, the exact Credit Union equivalent of the FDIC. Credit Unions are more conservative financial institutions which, under constraints of a non-profit charter, mostly engage in the classic behavior of a bank, and not in complex derivative schemes that have undermined the current banking system. They're very local-based institutions, which means that they typically reinvest your deposit dollars into loans for your local community and for other members of the credit union. This also means that since they're small and independent, there is a lot of variation. If you want to know how strong or well run a credit union is, try going in to one and ask to talk with the manager. Go to the website and look at press releases and charters. You'll probably have only one to three to choose from. Generally, go with the largest or the best managed.
"But, many of them have social problems where they just can't 'fit' into society anymore."
Unfortunately, most are alcoholics and most of the remainder are addicted to some other drug(s).
New Thread: GM asks for $16.6 billion, to cut 47,000 Jobs ( 14 comments )
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I thought we agreed during the Reagan administration that they weren't "homeless," they were just "camping."
I like the "Urban Outdoors Man"
Nobody picks my oranges. I wouldn't mind if they did.
And y'know, oranges don't grow everywhere!! You can get arrested for picking fruit that ain't your'n.
There is a certain very expenseive fruit the cubans like; can't remember the name & I know some dope who got arrested for picking some.
lawyerliz | 02.17.09 - 6:07 pm | #
I guess they've changed the law. There was a time when one could legally stop at any orchard and pick fruit in Florida; of course this was reasonable amounts like a couple of boxes to fit in your trunk. The state thought it was good for tourism.
If you don't want to drag this blog down /
Pull this thread as I walk away...
Call me cruel, but I have no pity for these guys. They've had all kinds of breaks over the years, and they continue to build uncool POS cars that no one wants to drive. And their "reprodction nostalgia" cars are to hurl. Let them die.
Credit Union ratings
Link above shows Credit union ratings.
The best advantage is it is local and the money is kept out of the hands of the Wall Street criminals
At the end of the day either its' a credit event or a carseravtorship.
Pick your poison.
Seriously, I might want to play too. What's the best (easiest) way to check out the financial stability of a credit union?
I think every one will have an annual report on their website.
Here is my CU's annual report. Look at slide 9.
http://www.nmtw.org/images/Annual_Report/07_annual_report.pdf
I give homeless people the gift that keeps on giving -- complex financial instruments which, once activated, ... will drag the entire system of commerce down until everyone else is also homeless. That way he'll have company at least.
lol, that was a good one!
I have a company that gets several billion in a great loan package. The guys giving me the loan say I can have a few billion more if I can come up with a turn around plan and show them I deserve the next round of loans.
I go back to my company with the great news and tell my people to get busy on producing this plan. Nothing else matters but the plan. 30 days later I hit the deadline to present the plan and I go to my team and they tell me they don't have a plan.
Here's the plan. LIQUIDATION!
General Motors seeks up to $16.6B more aid, plans to cut 47,000 jobs, close 5 more U.S. plants.
Miranda | 02.17.09 - 6:15 pm | #
While opening more plants in Brazil? Such a deal!
A jack-o-lantern with a knife stuck in the side of it's head with a note that says "You." After that I usually feel a lot better, and no harm done.
-DTBJH
FaradayShieldedHeadgearBrigade | 02.17.09 - 6:06 pm | #
Your judgment sucks. Imagine that someone left one of these at the apartment of your teenage daughter. Would you still say no harm done? It should not be news to you that this is a prosecutable offense.
"It should not be news to you that this is a prosecutable offense.
Feckless Ness"
Fortunately, Feckless, you don't get it. It is an allusion to a Jack Handy Deep Thought. And it is funny.
And here's an allusion to Emily Litella.
"Never mind."
This is the most cheer-me-up comments board on the planet. Better than "The Great Escape." Almost as good as "The Professionals."
The Donald today says, 'He's never seen so much opportunity.' Jump, shark.
2009 Dodge Challanger