Comments on: White House Pleased with New GM CEO Fritz Henderson Who is Pondering Quick Bankruptcy http://gm-volt.com/2009/04/04/white-house-pleased-with-new-gm-ceo-fritz-henderson-who-is-pondering-quick-bankruptcy/ Real-time news, information, and discussion about the Chevrolet Volt. Mon, 13 Feb 2012 20:45:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jeffhre http://gm-volt.com/2009/04/04/white-house-pleased-with-new-gm-ceo-fritz-henderson-who-is-pondering-quick-bankruptcy/#comment-105352 jeffhre Mon, 06 Apr 2009 08:30:49 +0000 http://gm-volt.com/?p=1597#comment-105352 Tom Harwick 110 Pretty funny! Right now he's channeling Jack Kennedy, any thoughts on the question though? Bondholders, bankruptcy, building viable GM. Tom Harwick 110

Pretty funny! Right now he’s channeling Jack Kennedy, any thoughts on the question though? Bondholders, bankruptcy, building viable GM.

]]> By: Tom Harwick http://gm-volt.com/2009/04/04/white-house-pleased-with-new-gm-ceo-fritz-henderson-who-is-pondering-quick-bankruptcy/#comment-105340 Tom Harwick Mon, 06 Apr 2009 03:11:44 +0000 http://gm-volt.com/?p=1597#comment-105340 I don’t believe the bondholders will agree to be essentially wiped out, without being forced to (would you agree to this?). This means bankruptcy (to me) is the only foreseeable way to end this. -------------------------------------------------------------------------------- There is another forseeable way to continue the crisis. Continued infusions of borrowed government cash. There is no limit to the amount of money the government can obtain by simply printing it. This works politically on many levels. The UAW is happy because the current gold plated contract is fully funded. The administration gets excellent press from the liberal media for "doing something" without resorting to brutal market forces. The government gets to reward loyalists with lucrative positions on the GM management team and board. As the government stake in GM grows, you will need to be an insider to get any VPs job. Eventually GM will be formally nationalized, and Obama will get what he truly craves--praise from the European press. I don’t believe the bondholders will agree to be essentially wiped out, without being forced to (would you agree to this?). This means bankruptcy (to me) is the only foreseeable way to end this.
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There is another forseeable way to continue the crisis. Continued infusions of borrowed government cash. There is no limit to the amount of money the government can obtain by simply printing it.

This works politically on many levels. The UAW is happy because the current gold plated contract is fully funded. The administration gets excellent press from the liberal media for “doing something” without resorting to brutal market forces. The government gets to reward loyalists with lucrative positions on the GM management team and board.

As the government stake in GM grows, you will need to be an insider to get any VPs job.

Eventually GM will be formally nationalized, and Obama will get what he truly craves–praise from the European press.

]]> By: Timaaayyy!!! http://gm-volt.com/2009/04/04/white-house-pleased-with-new-gm-ceo-fritz-henderson-who-is-pondering-quick-bankruptcy/#comment-105293 Timaaayyy!!! Sun, 05 Apr 2009 20:32:53 +0000 http://gm-volt.com/?p=1597#comment-105293 Long, boring posts today! Timaaayyy!!! out. Long, boring posts today!

Timaaayyy!!! out.

]]> By: statik http://gm-volt.com/2009/04/04/white-house-pleased-with-new-gm-ceo-fritz-henderson-who-is-pondering-quick-bankruptcy/#comment-105287 statik Sun, 05 Apr 2009 20:10:39 +0000 http://gm-volt.com/?p=1597#comment-105287 #107 Tag said: Statik Admittedly my post was pretty “slippery”. No harm, no foul? I’m guessing you’re already on the “Canada” thread, so you probably won’t see this one, though. Be well, Tag ON to Canada! ============================= Oh, I am here, 'watching your behaviors and taking note', hehe. It is always, all good. Catch you on the next one. #107 Tag said:

Statik
Admittedly my post was pretty “slippery”. No harm, no foul?
I’m guessing you’re already on the “Canada” thread, so you probably won’t see this one, though.
Be well,
Tag
ON to Canada!
=============================

Oh, I am here, ‘watching your behaviors and taking note’, hehe. It is always, all good.

Catch you on the next one.

]]> By: Tagamet http://gm-volt.com/2009/04/04/white-house-pleased-with-new-gm-ceo-fritz-henderson-who-is-pondering-quick-bankruptcy/#comment-105267 Tagamet Sun, 05 Apr 2009 18:01:49 +0000 http://gm-volt.com/?p=1597#comment-105267 Statik Admittedly my post was pretty "slippery". No harm, no foul? I'm guessing you're already on the "Canada" thread, so you probably won't see this one, though. Be well, Tag ON to Canada! Statik
Admittedly my post was pretty “slippery”. No harm, no foul?
I’m guessing you’re already on the “Canada” thread, so you probably won’t see this one, though.
Be well,
Tag
ON to Canada!

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