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- - Bankruptcy judge rubber stamps Obama (http://www.cougarguard.com/forum/showthread.php?t=25988)

Venkman

05-07-2009 02:48 AM

Bankruptcy judge rubber stamps Obama

plan for Chrysler.

http://news.bbc.co.uk/2/hi/business/8035239.stm

Quick and surgical; Barry was right. So much for an independent judiciary.

Quote:

The group claimed Chrysler's proposed plan "inverts" the usual priority scheme, whereby senior secured creditors are paid in full first, followed by junior lenders, administrative claims, unsecured lenders and equity holders.

Creditors objected to the way the restructuring benefits the United Auto Workers union, which is an unsecured creditor, for the $10.6bn Chrysler owes to its retiree healthcare fund.

MikeWaters

05-07-2009 03:40 AM

Fix is in. Everyone knows that.

Venkman

05-07-2009 03:49 AM

Quote:

Originally Posted by MikeWaters (Post 304876)

Fix is in. Everyone knows that.

except Cali

Venkman

05-07-2009 03:56 AM

Quote:

Originally Posted by MikeWaters (Post 304876)

Fix is in. Everyone knows that.

I think GM bondholders have gotten the message. No point in forcing a Chapter 11 - BHO owns the judge. Government Motors it is. Too bad cause I have $3,000 in credits on my GM card for a new Silverado. Looks like an F150 for me now.

MikeWaters

05-07-2009 04:17 AM

Quote:

Originally Posted by Venkman (Post 304878)

I have a Tundra. :)

Cali Coug

05-07-2009 04:54 AM

Quote:

Originally Posted by Venkman (Post 304877)

except Cali

And the judge, apparently.

Why be skeptical of some of the creditors' claims? They say they should get money first. Who would ever think they would be anything but 100% honest in their arguments? We don't actually need to have any idea as to the merits of their claims- the fact is, they said they should get paid first, so it must be true! Right? And if the judge disagrees, it is because the fix is in! And if anyone disagrees with the creditors, it is because they are naive and puppets of Obama!

It is all so obvious when I write it out.

MikeWaters

05-07-2009 05:08 AM

I am wondering if people will look back at Chrysler and call it the largest mob heist in history.

Venkman

05-07-2009 04:48 PM

Quote:

Originally Posted by MikeWaters (Post 304879)

I have a Tundra. :)

I'm a domestic truck guy. But it's down to one brand now, so we'll see... maybe Tundra will have to be in the mix (never thought I'd say that).

MikeWaters

05-07-2009 04:56 PM

Tundras are manufactured in the US by Americans.

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