I am FURIOUS and YOU should be TOO (long)!!!!!
#1
02-05-2009, 02:18 PM
I am FURIOUS and YOU should be TOO (long)!!!!!
We pay our taxes...
Corporations that make bad decisions go out of business...
Corporations that make good business decisions stay in business and/or buy those that did'nt...
Our government took our money and gave billions to these banks that made bad, greedy, and in some cases "sleezy" decisions to "bail them out"...
These banks were to use this money to "loosen" credit and help the economy from going sour...
By loosening credit with this money and improving the economy, jobs would not be lost, banks would not fail, the stock market would stop its dive, and all would be back to normal.
GUESS WHAT?
The banks took the "bail out" money, but instead of LOOSENING credit... they "TIGHTENED" credit AND spent the money on Las Vegas outings for their employees (Wells Fargo), paid out billions in executive bonuses with this money rewarding executives "who failed" at their job of running their companies (Merrill Lynch and Bank of America), bought a new corporate executive jet (Citi Bank), refurbished their offices (Bank of America), bought their own corporate stock with our money at low prices, so they can make even more money when their prices go back up ieventually...all with OUR MONEY, the money intended to fix these belly aching banks, but instead were used for all these wrong things they were not intended for!!!
HELL, Bank of America even called out the debt on a big factory in Michigan, forcing them out of business and laying off hundreds....I though the bail out money was supposed to keep that from happening? No, instead Bank of America hoarded the money, abused the money, tightened credit, and called on the debt of this factory!
ALL of these banks LOWERED your CREDIT SCORE when they reduced your available credit even if you paid your bills on time and had good credit...all due to TIGHTENING CREDIT instead of LOOSONG it with teh bail out money.
The bastards!
And while they were using OUR MONEY for such lavish things, the whole time they kept crying to our government they needed more of OUR bailout money!!!!
And worse....because our government fell for this ploy, the stock market is still going down, jobs are still being lost, people are still losing their homes, etc etc...
WHY?
Because as the headlines have stated in all the financial and investing mediums..."traders, investors, the public, etc etc " all feel the bailout was a HUGE failure!
WHY was it a failure? Read above...
The banks did nto use this money as intended...to make matters worse our government even admitted defeat...Yes, President Obama did the right thing by stating the banks will not get the other half of this money, and he is right, they do not deserve it. We gave it to them, they blew it, and the economy is worse, it did not fix anything as intended except line CEO executive pockets with our cash.
So now the financial markets and the economy continue to slide in light fo the bail out failure.
Even worse, the very government in office right now, who WE VOTED into office cannot even FUNCTION because the people President Obama thought were "good", and placed in charge of such federal agencies such as the "IRS and Department of Health and Human Services" are also CROOKS and THEIVES!
For example, Timothy F. Geithner is now our Treasury secretary - in charge of the IRS, yet he not only got caught cheating on 3 years of tax returns, but only admitted to the remaining two AFTER he got the nomination to head the IRS! ANd the IRS didnt even penalize him on ANY of these violations including the first!
Thus, the tax cheat will be in charge of the nations taxes...the IRS!!!!
Tom Daschle's was the nomination for secretary of Health and Human Services, but failed to pay more than $100,000 in taxes!!!
Nancy Killefer, who was slated to be the White House’s first chief performance officer, withdrew her nomination due to her tax delinquency - the former McKinsey consultant faced a nearly $950 lien in 2005 on her Washington, D.C. home after not paying taxes for a year and a half on household help.
The lien was disclosed when Killefer was appointed in early January to a new OMB position aimed at streamlining government and rooting out waste and inefficiency.
OMG! These people are not poor, they are not stupid! They are rich, they have the money, and they are smart...very smart..too smart for their own good!
At least two had the integrity left to withdraw....the third..our new TAX HEAD....the TAX CHEAT in charge of OUR TAXES, still has not.
So in light of a failed bailout, and cheats of all financial sorts running our banks, tax cheats running our government....I must ask all of you...
How many of you ever made a mistake doing your taxes?
If you did, you got penalized BIG TIME...moreover, the IRS made sure they found any error....even the slightest...YET these big wigs expecially Timothy F. Geithner some how escape the eyes of the IRS...and then when he is caught...or turned in....they DO NOT PENALIZE HIM!!!!
WHERE IS OUR BAILOUT?
WHERE IS OUR PENALTY WAIVER?
WHERE THE HELL IS OUR TAX MONEY?
ANSWER: Being spent by executives on personal investments, executive jets, las vegas parties for their entire company, peformance bonuses on failed performance!
And oh yeah, OUR TAX MONEY that has not been wasted on these sum, is being managed by the TAX CHEAT himself Timothy F. Geithner !!!!
Ever see the "stereotype" of the "greedy" banker in movies and commercials?
There is no stereotype that reflects REALITY better than the GREEDY BANKER.
If you do not already read the financial news...you need to...
I read such news and analysis in detail everyday...and its DISGUSTING.
Do you realize that the banks - Bank of America, Wellsfargo, Citi, Merryl Lynch, etc. etc. not only took our hard earned tax payer money our government provided to them, to bail them out, but used it in ways it was not meant to?
Take your anti-acid medication right now before you read on...
You might already know that the government provided this bail out money so that banks would free up credit.
It's bad enough the banks lended money to people who could not afford to buy a house-sub prime lending, during the real estate boom of 2002-2006, but these banks knew that most of these people would end up in foreclosure once the interest rates went up after the initial period...the banks would then foreclose on a house that they could then sell in a booming real estate market and make even more money!
Where did this greed get them? NO WHERE!
These money mongers never anticipated that the real estate market would settle down to reality. Thats fine....but when the people who should not have been loaned money started defaulting on their mortgages because the higher interest rates kicked in on their sub prime mortgages after the first few years went into default, the banks plan to reap the profits on their newly aquired foreclosed home in a booming real estate market found instead no market to sell these homes and began to cry to teh government on how they were losing money..."help us" "help us"...
HEY! Last time I checked, "Capitalism" and a "free market economy" means that if you make bad business decisions, you go out fo business or get bought by another business who did things "correctly and properly", and is making money.
But NO!
These banks who pay our politicians, their parties, and yes our very own Presidents BILLIONS in campaign funds, wanted their due...and Bush and Obama gave it to them...
5 years from now, these bailouts will be the laughing stock of the world if they are not already.
Saturday Night Live will make fun of them and the RICH politicians and executives who will retire as fat cats on a beach somewhere...whiel you and I wonder what happened to our homes, our 401K's, IRA's, jobs, savings.....everything...
Enough of my rant...but the whole thing is disgusting...
The banks started this mess, the banks will finish it, finish first as usual, and finish us off in the process.
Frankly, I am ready to go tell Bank of America to kiss my *** on my credit card balance!
Thats my bailout!
LOL!
Corporations that make bad decisions go out of business...
Corporations that make good business decisions stay in business and/or buy those that did'nt...
Our government took our money and gave billions to these banks that made bad, greedy, and in some cases "sleezy" decisions to "bail them out"...
These banks were to use this money to "loosen" credit and help the economy from going sour...
By loosening credit with this money and improving the economy, jobs would not be lost, banks would not fail, the stock market would stop its dive, and all would be back to normal.
GUESS WHAT?
The banks took the "bail out" money, but instead of LOOSENING credit... they "TIGHTENED" credit AND spent the money on Las Vegas outings for their employees (Wells Fargo), paid out billions in executive bonuses with this money rewarding executives "who failed" at their job of running their companies (Merrill Lynch and Bank of America), bought a new corporate executive jet (Citi Bank), refurbished their offices (Bank of America), bought their own corporate stock with our money at low prices, so they can make even more money when their prices go back up ieventually...all with OUR MONEY, the money intended to fix these belly aching banks, but instead were used for all these wrong things they were not intended for!!!
HELL, Bank of America even called out the debt on a big factory in Michigan, forcing them out of business and laying off hundreds....I though the bail out money was supposed to keep that from happening? No, instead Bank of America hoarded the money, abused the money, tightened credit, and called on the debt of this factory!
ALL of these banks LOWERED your CREDIT SCORE when they reduced your available credit even if you paid your bills on time and had good credit...all due to TIGHTENING CREDIT instead of LOOSONG it with teh bail out money.
The bastards!
And while they were using OUR MONEY for such lavish things, the whole time they kept crying to our government they needed more of OUR bailout money!!!!
And worse....because our government fell for this ploy, the stock market is still going down, jobs are still being lost, people are still losing their homes, etc etc...
WHY?
Because as the headlines have stated in all the financial and investing mediums..."traders, investors, the public, etc etc " all feel the bailout was a HUGE failure!
WHY was it a failure? Read above...
The banks did nto use this money as intended...to make matters worse our government even admitted defeat...Yes, President Obama did the right thing by stating the banks will not get the other half of this money, and he is right, they do not deserve it. We gave it to them, they blew it, and the economy is worse, it did not fix anything as intended except line CEO executive pockets with our cash.
So now the financial markets and the economy continue to slide in light fo the bail out failure.
Even worse, the very government in office right now, who WE VOTED into office cannot even FUNCTION because the people President Obama thought were "good", and placed in charge of such federal agencies such as the "IRS and Department of Health and Human Services" are also CROOKS and THEIVES!
For example, Timothy F. Geithner is now our Treasury secretary - in charge of the IRS, yet he not only got caught cheating on 3 years of tax returns, but only admitted to the remaining two AFTER he got the nomination to head the IRS! ANd the IRS didnt even penalize him on ANY of these violations including the first!
Thus, the tax cheat will be in charge of the nations taxes...the IRS!!!!
Tom Daschle's was the nomination for secretary of Health and Human Services, but failed to pay more than $100,000 in taxes!!!
Nancy Killefer, who was slated to be the White House’s first chief performance officer, withdrew her nomination due to her tax delinquency - the former McKinsey consultant faced a nearly $950 lien in 2005 on her Washington, D.C. home after not paying taxes for a year and a half on household help.
The lien was disclosed when Killefer was appointed in early January to a new OMB position aimed at streamlining government and rooting out waste and inefficiency.
OMG! These people are not poor, they are not stupid! They are rich, they have the money, and they are smart...very smart..too smart for their own good!
At least two had the integrity left to withdraw....the third..our new TAX HEAD....the TAX CHEAT in charge of OUR TAXES, still has not.
So in light of a failed bailout, and cheats of all financial sorts running our banks, tax cheats running our government....I must ask all of you...
How many of you ever made a mistake doing your taxes?
If you did, you got penalized BIG TIME...moreover, the IRS made sure they found any error....even the slightest...YET these big wigs expecially Timothy F. Geithner some how escape the eyes of the IRS...and then when he is caught...or turned in....they DO NOT PENALIZE HIM!!!!
WHERE IS OUR BAILOUT?
WHERE IS OUR PENALTY WAIVER?
WHERE THE HELL IS OUR TAX MONEY?
ANSWER: Being spent by executives on personal investments, executive jets, las vegas parties for their entire company, peformance bonuses on failed performance!
And oh yeah, OUR TAX MONEY that has not been wasted on these sum, is being managed by the TAX CHEAT himself Timothy F. Geithner !!!!
Ever see the "stereotype" of the "greedy" banker in movies and commercials?
There is no stereotype that reflects REALITY better than the GREEDY BANKER.
If you do not already read the financial news...you need to...
I read such news and analysis in detail everyday...and its DISGUSTING.
Do you realize that the banks - Bank of America, Wellsfargo, Citi, Merryl Lynch, etc. etc. not only took our hard earned tax payer money our government provided to them, to bail them out, but used it in ways it was not meant to?
Take your anti-acid medication right now before you read on...
You might already know that the government provided this bail out money so that banks would free up credit.
It's bad enough the banks lended money to people who could not afford to buy a house-sub prime lending, during the real estate boom of 2002-2006, but these banks knew that most of these people would end up in foreclosure once the interest rates went up after the initial period...the banks would then foreclose on a house that they could then sell in a booming real estate market and make even more money!
Where did this greed get them? NO WHERE!
These money mongers never anticipated that the real estate market would settle down to reality. Thats fine....but when the people who should not have been loaned money started defaulting on their mortgages because the higher interest rates kicked in on their sub prime mortgages after the first few years went into default, the banks plan to reap the profits on their newly aquired foreclosed home in a booming real estate market found instead no market to sell these homes and began to cry to teh government on how they were losing money..."help us" "help us"...
HEY! Last time I checked, "Capitalism" and a "free market economy" means that if you make bad business decisions, you go out fo business or get bought by another business who did things "correctly and properly", and is making money.
But NO!
These banks who pay our politicians, their parties, and yes our very own Presidents BILLIONS in campaign funds, wanted their due...and Bush and Obama gave it to them...
5 years from now, these bailouts will be the laughing stock of the world if they are not already.
Saturday Night Live will make fun of them and the RICH politicians and executives who will retire as fat cats on a beach somewhere...whiel you and I wonder what happened to our homes, our 401K's, IRA's, jobs, savings.....everything...
Enough of my rant...but the whole thing is disgusting...
The banks started this mess, the banks will finish it, finish first as usual, and finish us off in the process.
Frankly, I am ready to go tell Bank of America to kiss my *** on my credit card balance!
Thats my bailout!
LOL!
Last edited by OingoBoingo; 02-05-2009 at 02:23 PM.
#2
02-05-2009, 07:09 PM
Obama will give us 4 years of crappy economic policy. He wants to impose socialism, more bailout and spend TRILLIONS in tax dollars. YOUR TAX DOLLARS ON USELESS PROGRAMS AND BAILOUTS!
Tax cuts, and tariff eleimination is the best way to promote free trade an a economic powerhouse.
Tax cuts, and tariff eleimination is the best way to promote free trade an a economic powerhouse.
#5
02-06-2009, 08:28 AM
Well now that I have a Hummer I am ready to move to Canada!
I can handle the roads, but will Canada be able to handle my snow novice yankee driving LOL!
Yes, we are becoming a nationalistic country...socialist....the consititution includes sections on bankrupcy...our government picks and chooses what part fo teh constitition to abide by.
My biggest fear is that if you look at the past democratic administration under Clinton, even acknowledging any good things he did for the economy, his foreign policy was a disaster.
Since, much of the current administration includes former clinton people, I expect much of the same.
Funny thing is, will Hillary use her own mind or take Bill's advice?
If she takes Bill's we are doomed...
Case in point...Clinton and the democratic party was sooooo liberal, N Korea, Iran, and Al Qaida, all planned their moves duringhis watch because the liberal demopcrats under Clinton did not believe in using force, torture, violating the civil rights of criminals and terrorists.
Its sad but true....you do not get the information you need in teh timeframe you need by verbal interogation alone...the lies have to be filtered from the truth...it takes time.
Although, I feel torture is wrong, in cases where it saves lives you have to do it.
911 ocurred because under the liberal democrats and Clinton, he put so many rules and regulations on the CIA and intelligence community that their hands were tied.
So when they did provide information of a possible 911, a few things poo pooed the findings and caused Clinton and his governemnt to ignore them:
1) The liberals always think positive attitude, just blew it off.
2) The liberals desire to avoid force or conflict blew it off.
3) Clinton did not want to be seen as a war monger, nor did his party.
4) The democrats hate the CIA and vice versa...hell the CIA even hates the republicans, i.e. politicians period..because they take forever to decide on things loosing windows of opportunity. The democrats were worse.
This is why Clinton agreed to sent US troops to Somolia without armor...it would just be too forceful to bring armor in to a war zone........DOH!
Pakistan to their credit just ignore that stupid UN mandate and brought APC's in....of course, when the US forces were withdrawing under fire from the Moog, they had to walk..because the Pakistani's refused to get their APC's dirty by aiding them.
Read Blackhawk down, especially what the soldiers familys said to Clinton behind closed doors...Bill just smiled and laughed it all off...
So now, under Obama, even if the poor guy tries to do the right thing, even if Hillary tries to do the right thing, the liberal back bone of their party wont let them...
MARK MY WORDS...the terrorists will PLAN another BIG EVENT during Obama's 4 or 8 years as president just as they did under Clinton.....
This MAKES SENSE....wouldnt you?
Hell, say what you want about Bush, at least he did ONE thing right...he kept us safe for 8 years, and had the terrorists back peddling....
NOW...the terrorists will have the microscope off of them, they can plan, move, etc unhindered.....
MARK MY WORDS...the terrorists will make another big attack either at teh end of Obama's first term, if it looks like he will be defeated by the Republicans, or at the end of his 2nd term for the same reason.
Why?
Because the terrorists will not attack during Obama's adminsitration because if they did that would risk US retaliation,....better to take advantage of the weak US administration and PLAN PLAN PLAN...if and only when it looks like the Republicans will gain power, will they attack, just as they did when Bush got elected, i.e. 8 years of a weak US administration under the liberal democrats, so attack during Bushes first year before the Republican microscope returns and keeps them from doing so.
So that is my fear....I fear an attack in 2014 or 2018....with planing in 2009-2013 and/or 2013 - 2017.
Of course, I do not expect Israel to sit by and watch Iran become a nuclear power, and once Israel takes out the Iran nukes, look out for the Middle East to explode.
Its goign to be a scary time...
If you want to read some of the best "front line" news regarding terrorism read www.jpost.com and www.haaretz.com the two Israeli news sites...there is tons of analysis and opinions...
Man....if that guy Lieberman gets elected....he is about as hardline as they come...he is considered extreme right wing....makes Netanyau seem moderate!
I can handle the roads, but will Canada be able to handle my snow novice yankee driving LOL!
Yes, we are becoming a nationalistic country...socialist....the consititution includes sections on bankrupcy...our government picks and chooses what part fo teh constitition to abide by.
My biggest fear is that if you look at the past democratic administration under Clinton, even acknowledging any good things he did for the economy, his foreign policy was a disaster.
Since, much of the current administration includes former clinton people, I expect much of the same.
Funny thing is, will Hillary use her own mind or take Bill's advice?
If she takes Bill's we are doomed...
Case in point...Clinton and the democratic party was sooooo liberal, N Korea, Iran, and Al Qaida, all planned their moves duringhis watch because the liberal demopcrats under Clinton did not believe in using force, torture, violating the civil rights of criminals and terrorists.
Its sad but true....you do not get the information you need in teh timeframe you need by verbal interogation alone...the lies have to be filtered from the truth...it takes time.
Although, I feel torture is wrong, in cases where it saves lives you have to do it.
911 ocurred because under the liberal democrats and Clinton, he put so many rules and regulations on the CIA and intelligence community that their hands were tied.
So when they did provide information of a possible 911, a few things poo pooed the findings and caused Clinton and his governemnt to ignore them:
1) The liberals always think positive attitude, just blew it off.
2) The liberals desire to avoid force or conflict blew it off.
3) Clinton did not want to be seen as a war monger, nor did his party.
4) The democrats hate the CIA and vice versa...hell the CIA even hates the republicans, i.e. politicians period..because they take forever to decide on things loosing windows of opportunity. The democrats were worse.
This is why Clinton agreed to sent US troops to Somolia without armor...it would just be too forceful to bring armor in to a war zone........DOH!
Pakistan to their credit just ignore that stupid UN mandate and brought APC's in....of course, when the US forces were withdrawing under fire from the Moog, they had to walk..because the Pakistani's refused to get their APC's dirty by aiding them.
Read Blackhawk down, especially what the soldiers familys said to Clinton behind closed doors...Bill just smiled and laughed it all off...
So now, under Obama, even if the poor guy tries to do the right thing, even if Hillary tries to do the right thing, the liberal back bone of their party wont let them...
MARK MY WORDS...the terrorists will PLAN another BIG EVENT during Obama's 4 or 8 years as president just as they did under Clinton.....
This MAKES SENSE....wouldnt you?
Hell, say what you want about Bush, at least he did ONE thing right...he kept us safe for 8 years, and had the terrorists back peddling....
NOW...the terrorists will have the microscope off of them, they can plan, move, etc unhindered.....
MARK MY WORDS...the terrorists will make another big attack either at teh end of Obama's first term, if it looks like he will be defeated by the Republicans, or at the end of his 2nd term for the same reason.
Why?
Because the terrorists will not attack during Obama's adminsitration because if they did that would risk US retaliation,....better to take advantage of the weak US administration and PLAN PLAN PLAN...if and only when it looks like the Republicans will gain power, will they attack, just as they did when Bush got elected, i.e. 8 years of a weak US administration under the liberal democrats, so attack during Bushes first year before the Republican microscope returns and keeps them from doing so.
So that is my fear....I fear an attack in 2014 or 2018....with planing in 2009-2013 and/or 2013 - 2017.
Of course, I do not expect Israel to sit by and watch Iran become a nuclear power, and once Israel takes out the Iran nukes, look out for the Middle East to explode.
Its goign to be a scary time...
If you want to read some of the best "front line" news regarding terrorism read www.jpost.com and www.haaretz.com the two Israeli news sites...there is tons of analysis and opinions...
Man....if that guy Lieberman gets elected....he is about as hardline as they come...he is considered extreme right wing....makes Netanyau seem moderate!
Last edited by OingoBoingo; 02-06-2009 at 08:30 AM.
#7
02-06-2009, 02:32 PM
Political topics do not fare too well on an automotive forum.
Suffice it to say that 7 years of republican control has made this country, our international image, and economy, a chit hole. I voted for Bush, but there was no friggin way McCain and the Northern bimbo were going to get elected or get my vote.
Apparently a lot of other people weren't falling for the smear and fear pitch either! Republicans got their azzes kicked all over this election.
Suffice it to say that 7 years of republican control has made this country, our international image, and economy, a chit hole. I voted for Bush, but there was no friggin way McCain and the Northern bimbo were going to get elected or get my vote.
Apparently a lot of other people weren't falling for the smear and fear pitch either! Republicans got their azzes kicked all over this election.
#8
02-06-2009, 04:10 PM
Well I have to say that I agree with the tax cut theory of economic stimulus more than I do the spend ourselves into oblivion theory. Wonder how they think all this money is going to get paid back? I guess we are going to go back and try depression era economic stimulus again since it worked so well for the 12-13 years after we entered the depression. Good thing Hitler started WWII and bailed us out of the Great Depression or Roosevelt's New Deal policies would still have us in a depression.
#9
02-06-2009, 06:23 PM
Well if we all move to Canada (although it is nice there) we won't be able to take down Pelosi, Reid, Obama, and their terrorist friendly friends.
Yeah. People need to realize WWII got us out of the depression. Not Roosevelt's ideas.
Hey, Leiberman was a former democrat supporting McCain. He voted with common sense, not party. Some democrats don't like what their party has become over the last 6 or 7 years and those people voted for McCain. If it hadn't been for the left-wing news media. We'd have won the election and has 4 more years of security. 4 more years of tax cuts. And 4 more years of being tough on our enemies.
Bush: Cut taxes, improved national defense, liberated 2 nations, lifted ban on off-shore drilling, stopped liberals from ruining America for 8 years. Now, watch out for all the useless government programs to flood in.
Yeah. People need to realize WWII got us out of the depression. Not Roosevelt's ideas.
Hey, Leiberman was a former democrat supporting McCain. He voted with common sense, not party. Some democrats don't like what their party has become over the last 6 or 7 years and those people voted for McCain. If it hadn't been for the left-wing news media. We'd have won the election and has 4 more years of security. 4 more years of tax cuts. And 4 more years of being tough on our enemies.
Bush: Cut taxes, improved national defense, liberated 2 nations, lifted ban on off-shore drilling, stopped liberals from ruining America for 8 years. Now, watch out for all the useless government programs to flood in.
Last edited by Nova; 02-06-2009 at 06:29 PM.
#10
02-09-2009, 08:13 AM
Different Lieberman, not the US Senator...this is an Israeli cabinet member originally from Russia. LOL! Sorry for confusion.
BTW, here is the latest to make you hurl!
ok...we spent billions of tax payer dollars to save the auto industry from bankrupcy, which according to Bush, Obama, the automakers, Santa Claus...EVERYONE would be the doom of all of us...mass layoffs, death knell to the economy etc etc.
Well, now I just read in the news that the Obama Adminsitration is consulting with bankrupcy attorneys to do a "controlled" bankrupcy of the American Automakers (not Ford), to guarantee re-payment of the governments bailout money!
ok....so....we give them the money to avoid bankrupcy and all of its reprocussions, then realize hey we might not get our money back...so we force them into bankrupcy anyway to make sure we get our money back...
DOH!
They should not have loaned the money in the first place, if it results in the same thing...bankrupcy!
Call a spade a spade....bankrupcy is bankrupcy and no political spin on it, will prevent the same side effects.
I am beginning to think that the Three Stooges are running this country!
Geez, how the heck will our Hummer warranties be effected?
BTW, here is the latest to make you hurl!
ok...we spent billions of tax payer dollars to save the auto industry from bankrupcy, which according to Bush, Obama, the automakers, Santa Claus...EVERYONE would be the doom of all of us...mass layoffs, death knell to the economy etc etc.
Well, now I just read in the news that the Obama Adminsitration is consulting with bankrupcy attorneys to do a "controlled" bankrupcy of the American Automakers (not Ford), to guarantee re-payment of the governments bailout money!
ok....so....we give them the money to avoid bankrupcy and all of its reprocussions, then realize hey we might not get our money back...so we force them into bankrupcy anyway to make sure we get our money back...
DOH!
They should not have loaned the money in the first place, if it results in the same thing...bankrupcy!
Call a spade a spade....bankrupcy is bankrupcy and no political spin on it, will prevent the same side effects.
I am beginning to think that the Three Stooges are running this country!
Geez, how the heck will our Hummer warranties be effected?