Auto company bailout, live stream

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amdhunter

amdhunter

Lifer
May 19, 2003
23,332
249
106
I'll be pissed if the government decides to bail them out. WTF is wrong with just declaring bankruptcy and restructuring...
 
Modelworks

Modelworks

Lifer
Feb 22, 2007
16,240
7
76
I like what the they are saying, Washington wants the conditions and then will give the money, but the auto makers want the money then want to wait till march 31 to see how it goes before conditions.


Wow, they are saying they could lose GM as a corporation before Dec 31.
I knew they were in rough shape, but not that bad.
 
T

Turin39789

Lifer
Nov 21, 2000
12,218
8
81
bwahaha.

X:Chrysler has said they are asking for 8 bil of the TARP fuel efficency money already set aside, other guys how much do you want?

GM:3.5 here, 4 there, 8 total, but it has to be approved still.

Ford: 5 billion all toghether

X: So all together this plus the requests today come to 60 bil and this and that etc. I talked to the guy in charge of the TARP money the other day, he denied all your requests for TARP money, the letter is in the mail....

uggh

X: Oh you don't have that letter yet? I'll get you a copy.
 
T

Turin39789

Lifer
Nov 21, 2000
12,218
8
81
my predictions haven't changed. Bailout I think will happen, but whether it does or not,

Ford will come out strong, bailout will speed up there rebound and move to new models.

GM will falter a bit but will survive and be around. Bailout will help a lot.

Chrysler is dead.
 
I

Injury

Lifer
Jul 19, 2004
13,066
2
81
Originally posted by: Turin39789
bwahaha.

X:Chrysler has said they are asking for 8 bil of the TARP fuel efficency money already set aside, other guys how much do you want?

GM:3.5 here, 4 there, 8 total, but it has to be approved still.

Ford: 5 billion all toghether

X: So all together this plus the requests today come to 60 bil and this and that etc. I talked to the guy in charge of the TARP money the other day, he denied all your requests for TARP money, the letter is in the mail....

uggh

X: Oh you don't have that letter yet? I'll get you a copy.
Click to expand...



Too bad they were too stupid to request that money when gas prices were steadily moving up. Otherwise the only bailout they would need is to help them out of the mountains of cash to be made from making a consumer level alternative fuel vehicle.
 
T

Turin39789

Lifer
Nov 21, 2000
12,218
8
81
Anyone know who the senator guy is that is talking now? He is cracking me up.

X: So Chrysler, your parent company has a shitload of money, but won't give you anymore, they just bought you for the loans you had and didn't care about the cars. You were going bankrupt anyway, and you're only here because you are lucky. We wouldn't be here for you, we are here for GM and ford. WTH should we give you money when your parent financial fund won't?

edit - First name is Bob
 
Modelworks

Modelworks

Lifer
Feb 22, 2007
16,240
7
76
lol, just told them that you lucked out, you wouldn't be here if it were not for GM. Gm has the clout and you were going bankrupt and joined in. , sounds like a me too type thing .

They also pointed out that even BMW is worth more than all the companies put together and that the other auto companies don't have a daddy to go to when they need money , they have to get it themselves.

 
TallBill

TallBill

Lifer
Apr 29, 2001
46,017
62
91
Originally posted by: Modelworks
lol, just told them that you lucked out, you wouldn't be here if it were not for GM. Gm has the clout and you were going bankrupt and joined in. , sounds like a me too type thing .

They also pointed out that even BMW is worth more than all the companies put together and that the other auto companies don't have a daddy to go to when they need money , they have to get it themselves.
Click to expand...

Yeah, that was good, wish I could watch more.
 
T

Turin39789

Lifer
Nov 21, 2000
12,218
8
81
Originally posted by: Modelworks
lol, just told them that you lucked out, you wouldn't be here if it were not for GM. Gm has the clout and you were going bankrupt and joined in. , sounds like a me too type thing .

They also pointed out that even BMW is worth more than all the companies put together and that the other auto companies don't have a daddy to go to when they need money , they have to get it themselves.
Click to expand...

I'd love to buy me some ford right now, I've always been a 401k only person though, and money is tight.
 
TallBill

TallBill

Lifer
Apr 29, 2001
46,017
62
91
I wish that they'd put up names of people speaking. I have it on in the background and paying attention 80% of the time. I'm addicted now.
 
T

Turin39789

Lifer
Nov 21, 2000
12,218
8
81
Originally posted by: TallBill
I wish that they'd put up names of people speaking. I have it on in the background and paying attention 80% of the time. I'm addicted now.
Click to expand...

agreed
 
T

Turin39789

Lifer
Nov 21, 2000
12,218
8
81
[protest]THE BAILOUT IS A SELLOUT THE POOR ARE SUFFERING PUT THE MONEY IN THE FOODBANKS[/protesters]
 
ultimatebob

ultimatebob

Lifer
Jul 1, 2001
25,134
2,449
126
Is it wrong of me to hope that one of those hecklers comes back and starts throwing pies at those CEO's? :)
 
T

Turin39789

Lifer
Nov 21, 2000
12,218
8
81
Originally posted by: ultimatebob
Is it wrong of me to hope that one of those hecklers comes back and starts throwing pies at those CEO's? :)
Click to expand...

PUT THE PIES IN THE FOODBANK!
 
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