Posts tagged as:

auto bailout

Let the money grab continue!

December 19, 2008 by Ryan Barr

Mr. Paulson only has roughly 30 days left in office and somehow he is convinced that he needs to take down the second tranche of TARP funds… From the WSJ (emphasis mine): In the very short-term, the allocated but not yet disbursed TARP balances, in conjunction with the powers of the Federal Reserve and the [...]

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A hail Mary for the Big (failing) Two

December 19, 2008 by Ryan Barr

Well, it looks like GM and Chrysler will get a $17.4 Billion Dollar cash infusion from the Executive Branch of our government.  They will get $13.4 Billion of it today, and another $4 Billion in February. The automakers have to prove viability via a number of possible methods, I’m sure they’ll be able to pull [...]

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How do I become a bank?

December 18, 2008 by Ryan Barr

Okay, if anyone out there knows how I can personally become a bank I’d like the information.  It appears that the White House will likely announce the auto bailout tomorrow ( Bloomberg).  Here is the catch, they will likely not bailout the auto makers, they will bail out the credit arms.  Given that each of [...]

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Bailout the automakers and Judges?!?!

December 8, 2008 by Ryan Barr

Yes indeed… Just as we gave a tax rebate for producers of “wooden arrows for children” when we bailed out the banks, it appears that our wonderful leadership in Washington feels the need to insert pork into the draft auto bailout bill round one. I stumbled across this one tonight while reading my normal rss [...]

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GM, Ford and Chrysler… Your tax dollars at work

November 18, 2008 by Ryan Barr

The chief executives of GM and Chrysler said they could run out of funds without the government’s support. GM CEO Rick Wagoner said the package is needed to “save the U.S. economy from a catastrophic collapse.” – http://online.wsj.com/article/SB122703811621838291.html That is what happens when your business model is broken.  The Management of GM and Chrysler are [...]

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