chistletoe

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  • Why the U.S. Automakers Should Get a Bailout
    Okay, lets agree with your premise that GM and Ford deserve a bailout.

    I just have one question: who is going to give it to them?

    The next thing after this G20 meeting this past weekend, is for the IMF
    to review the accounts of the US Government, under GAAP rules.
    And when they do, US Treasury debts will be reduced to junk status, as they
    have deserved for some time.

    And then what?
    Nov 16 08:48 am |Rating: +3 0 |Link to Comment |View article
  • On the Need for Better Auto Sales Metrics
    why bother at all?
    Only someone totally absent from reality would buy any car company stock right now anyway. Besides, GM and Ford are beyond bankrupt and the only way they can stay in business is as GSE's ....
    Sep 05 09:02 am |Rating: 0 0 |Link to Comment |View article
  • Default Risk of U.S. Automaker Debt: Too Big to Fail?
    The question no one wants to ask is,
    is the Us government itself "too big to fail"?
    Who out there believes that the US government has the honest intent to pay off its debt, now $10 trillion and growing, as well as to honor the coming deficits in social security and medicare, as well as to honor its loan guarantees for Fannie and Freddy (which are probably $100 billion underwater already by GAAP rules and still getting deeper as the housing collapse worsens).
    Who still wants to loan the government more money,
    and throw good value to chase what's been lost already?

    How much longer can this go on?
    Aug 03 14:29 pm |Rating: 0 0 |Link to Comment |View article
  • Selling the Short Sellers Short: Another Sign of Trouble
    "The SEC went so far this week as to make it nearly impossible for small traders to short any of the big financial stocks."

    this statement is nonsense.
    It has always been against the rules to make a naked short sale
    and small investors have never been able to do this,
    only the big boys can get away with such a practise.
    The SEC's action did nothing whatever to change anything,
    all they did was hype, to try to change people's perceptions.
    Guess they fooled you, huh?
    I'm still short ...
    Jul 18 08:43 am |Rating: 0 0 |Link to Comment |View article
  • How Bad Is the Oil Shock of 2008?
    if you are only waking up to this situation now,
    then you don't have enough time to get ready for what's coming.

    Are you starting?
    Jun 06 05:52 am |Rating: 0 0 |Link to Comment |View article

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