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	<title>Comments on: Chrysler&#8217;s Hidden Coffers</title>
	<atom:link href="http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<item>
		<title>By: mitchn</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132689</link>
		<dc:creator>mitchn</dc:creator>
		<pubDate>Fri, 12 Dec 2008 01:27:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132689</guid>
		<description>But, really, why do Chris Dodd and Barney Frank still have jobs?</description>
		<content:encoded><![CDATA[<p>But, really, why do Chris Dodd and Barney Frank still have jobs?</p>
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	<item>
		<title>By: Mike in Nola</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132374</link>
		<dc:creator>Mike in Nola</dc:creator>
		<pubDate>Thu, 11 Dec 2008 05:06:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132374</guid>
		<description>Why I am I not surprised?</description>
		<content:encoded><![CDATA[<p>Why I am I not surprised?</p>
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	<item>
		<title>By: patski</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132361</link>
		<dc:creator>patski</dc:creator>
		<pubDate>Thu, 11 Dec 2008 03:22:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132361</guid>
		<description>Barry, who is the &quot;lapdog?&quot;

It&#039;s looking more like Bush rather than Snow....</description>
		<content:encoded><![CDATA[<p>Barry, who is the &#8220;lapdog?&#8221;</p>
<p>It&#8217;s looking more like Bush rather than Snow&#8230;.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: a guy called john</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132352</link>
		<dc:creator>a guy called john</dc:creator>
		<pubDate>Thu, 11 Dec 2008 02:48:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132352</guid>
		<description>Dan Quayle (who runs one of Cerberus’ international units)

Shouldn&#039;t the word &quot;runs&quot; be in quotes?</description>
		<content:encoded><![CDATA[<p>Dan Quayle (who runs one of Cerberus’ international units)</p>
<p>Shouldn&#8217;t the word &#8220;runs&#8221; be in quotes?</p>
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	<item>
		<title>By: VoiceFromTheWilderness</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132343</link>
		<dc:creator>VoiceFromTheWilderness</dc:creator>
		<pubDate>Thu, 11 Dec 2008 02:34:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132343</guid>
		<description>The piece ends with the following:

&quot;I am not a finance expert, but what makes this episode so outrageous is that even a casual observer can see what a taxpayer ripoff Cerberus appears to be getting away with--but Congress and the Bush administration somehow cannot or will not.&quot;

Maybe he&#039;s just being nice, doing his public duty to not call out lying from high office, and mis-use of government funds.  It should be pretty obvious &#039;why&#039; the bush administration is doing what it&#039;s doing.  How many examples do you need to see?

But there is a deeper point hidden in what he&#039;s saying, that relates to one of the first comments.  And that is the disconnect between the truth (powerful wall st. players bagging big time gains through federal largesse after having bank rolled a &#039;free market&#039; presidency -- and no I am not surprised by that collection of ideas) and the behavior of congress, which indeed is to whine on the back pages of newspapers, and in front of cameras to berate captive witnesses, and then to go down and vote to ensure that the handouts continue.  The question isn&#039;t &#039;why is the bush admin doing what it&#039;s doing&#039; that one is easy and obvious.  The question, the real question, is why is there no opposition. 

Whatever the answer, the fact is there isn&#039;t.  And what that spells is a new era in american politics one of un-restrained control of government by select individual economic actors of unparalleled wealth and power. 

Get used to it, &#039;cuz you will live with it for the rest of your lives.  Your chance to do something about it has passed.</description>
		<content:encoded><![CDATA[<p>The piece ends with the following:</p>
<p>&#8220;I am not a finance expert, but what makes this episode so outrageous is that even a casual observer can see what a taxpayer ripoff Cerberus appears to be getting away with&#8211;but Congress and the Bush administration somehow cannot or will not.&#8221;</p>
<p>Maybe he&#8217;s just being nice, doing his public duty to not call out lying from high office, and mis-use of government funds.  It should be pretty obvious &#8216;why&#8217; the bush administration is doing what it&#8217;s doing.  How many examples do you need to see?</p>
<p>But there is a deeper point hidden in what he&#8217;s saying, that relates to one of the first comments.  And that is the disconnect between the truth (powerful wall st. players bagging big time gains through federal largesse after having bank rolled a &#8216;free market&#8217; presidency &#8212; and no I am not surprised by that collection of ideas) and the behavior of congress, which indeed is to whine on the back pages of newspapers, and in front of cameras to berate captive witnesses, and then to go down and vote to ensure that the handouts continue.  The question isn&#8217;t &#8216;why is the bush admin doing what it&#8217;s doing&#8217; that one is easy and obvious.  The question, the real question, is why is there no opposition. </p>
<p>Whatever the answer, the fact is there isn&#8217;t.  And what that spells is a new era in american politics one of un-restrained control of government by select individual economic actors of unparalleled wealth and power. </p>
<p>Get used to it, &#8216;cuz you will live with it for the rest of your lives.  Your chance to do something about it has passed.</p>
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	<item>
		<title>By: DeDude</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132287</link>
		<dc:creator>DeDude</dc:creator>
		<pubDate>Wed, 10 Dec 2008 23:08:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132287</guid>
		<description>If they give a loan to Chrysler I sure hope it, in case of bankruptcy, will be senior to any and all loans that have already been given to that company.</description>
		<content:encoded><![CDATA[<p>If they give a loan to Chrysler I sure hope it, in case of bankruptcy, will be senior to any and all loans that have already been given to that company.</p>
]]></content:encoded>
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		<title>By: the0ther</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132262</link>
		<dc:creator>the0ther</dc:creator>
		<pubDate>Wed, 10 Dec 2008 21:30:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132262</guid>
		<description>great quote from Thomas Friedman I found today: &quot;our bailout of Detroit [...] will be remembered as pouring billions of dollars into improving typewriters on the eve of the birth of the PC and the Internet.&quot; 

Sounds about right to me.

And Mark W. makes a good point, I think. Maybe you are just in it to bait us angry hater-types though BR. I understand if you are.</description>
		<content:encoded><![CDATA[<p>great quote from Thomas Friedman I found today: &#8220;our bailout of Detroit [...] will be remembered as pouring billions of dollars into improving typewriters on the eve of the birth of the PC and the Internet.&#8221; </p>
<p>Sounds about right to me.</p>
<p>And Mark W. makes a good point, I think. Maybe you are just in it to bait us angry hater-types though BR. I understand if you are.</p>
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		<title>By: NiNM</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132256</link>
		<dc:creator>NiNM</dc:creator>
		<pubDate>Wed, 10 Dec 2008 21:16:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132256</guid>
		<description>Buried in today&#039;s WSJ is an article that features congresscritters from both sides of the aisle slapping Cerberus around a bit. What is really irritating is that Cerberus will still get the cash and Chrysler will still go bankrupt.</description>
		<content:encoded><![CDATA[<p>Buried in today&#8217;s WSJ is an article that features congresscritters from both sides of the aisle slapping Cerberus around a bit. What is really irritating is that Cerberus will still get the cash and Chrysler will still go bankrupt.</p>
]]></content:encoded>
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	<item>
		<title>By: Mark Wolfinger</title>
		<link>http://www.ritholtz.com/blog/2008/12/chryslers-hidden-coffers/comment-page-1/#comment-132252</link>
		<dc:creator>Mark Wolfinger</dc:creator>
		<pubDate>Wed, 10 Dec 2008 21:02:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12518#comment-132252</guid>
		<description>You are connected.
Why don&#039;t you pass the word to your Congressman, Senator, or ??</description>
		<content:encoded><![CDATA[<p>You are connected.<br />
Why don&#8217;t you pass the word to your Congressman, Senator, or ??</p>
]]></content:encoded>
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