Comments on: 30 Years Later: A Belated Chrysler/GM Bankruptcy http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:28:32 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Greg0658 http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166932 Greg0658 Fri, 01 May 2009 13:57:10 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166932 on Charlie Rose last night Apr 30, 2009 A conversation with author Joshua Cooper Ramo "The Age of the Unthinkable" sub "Why the New World Disorder Constantly Surprises Us And What We Can Do About It" Folks .. I'm not a lone thinker/supposer on what ifs to advance society down the long road also A conversation with Tung Chee-hwa, Former Chief Executive of Hong Kong A discussion about Chrysler's bankruptcy plan no linkup yet on Charlie Rose last night Apr 30, 2009
A conversation with author Joshua Cooper Ramo “The Age of the Unthinkable” sub “Why the New World Disorder Constantly Surprises Us And What We Can Do About It”

Folks .. I’m not a lone thinker/supposer on what ifs to advance society down the long road
also
A conversation with Tung Chee-hwa, Former Chief Executive of Hong Kong
A discussion about Chrysler’s bankruptcy plan

no linkup yet

]]> By: Greg0658 http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166706 Greg0658 Thu, 30 Apr 2009 18:49:10 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166706 been watchin the PowerLunch gig outta the Madison Ave crowd .. another bunch of crowd pushers .... pirates pirates everywhere .. imo its time to go into a paperless cashless society - no more powerplays .. then pirates have nothing but real things to trade for / with ... lawyers and accountants and traders and advertising hucksters start gettin your hands dirty and build up some callouses and learn what givin up a lung or a finger feels like (typers carpal tunnel - what a waste) .. time to build real things for a living and say bye bye to this paper society .. in this educated global society - paper ain't workin .... when we don't need ya - either we build another factory to have you show up at and reduce the workload for others .. or you hit retirement .. but ya don't go hungy because your excess baggage .... mergers & acquisitions / to big to fail is anti-matter Wall Street speak for paper pusher efficiency job security added benefit in paperless society .. illicit drugs and prostitution .. learn to grow your own and woo again or do without ... come on Conservatives - you with me? been watchin the PowerLunch gig outta the Madison Ave crowd .. another bunch of crowd pushers …. pirates pirates everywhere .. imo its time to go into a paperless cashless society – no more powerplays .. then pirates have nothing but real things to trade for / with … lawyers and accountants and traders and advertising hucksters start gettin your hands dirty and build up some callouses and learn what givin up a lung or a finger feels like (typers carpal tunnel – what a waste) .. time to build real things for a living and say bye bye to this paper society .. in this educated global society – paper ain’t workin …. when we don’t need ya – either we build another factory to have you show up at and reduce the workload for others .. or you hit retirement .. but ya don’t go hungy because your excess baggage …. mergers & acquisitions / to big to fail is anti-matter Wall Street speak for paper pusher efficiency job security

added benefit in paperless society .. illicit drugs and prostitution .. learn to grow your own and woo again or do without … come on Conservatives – you with me?

]]> By: willid3 http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166650 willid3 Thu, 30 Apr 2009 16:39:07 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166650 not sure why any one expects there to be buyers for the plants. after all Toyota just built a brand new plant, and put into moth balls before it built a single vehicle (it was going to build an SUV and then it was going to build Priuis). some body might be interested in the equipment in the plants, and it would likely be China where that equipment ends up. And the dealers will be toast, along with the finance company. not sure why any one expects there to be buyers for the plants. after all Toyota just built a brand new plant, and put into moth balls before it built a single vehicle (it was going to build an SUV and then it was going to build Priuis). some body might be interested in the equipment in the plants, and it would likely be China where that equipment ends up. And the dealers will be toast, along with the finance company.

]]> By: Greg0658 http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166616 Greg0658 Thu, 30 Apr 2009 15:32:03 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166616 just watched Maria's report on the bond holders of this Chrysler situation and the 55% UAW stake .. before that the on location Belvidere / Rockford car assembly plant report with the 4000 employees waiting with baited breath .... whos on first - who gets sploppy 2nds ... the bottom of this problem is way back, offering & accepting future payment retirement benefits that were put into an account/pot that was used to buildup foreign competitors and now the payback feature is gone ... from Wall Streets pov and legally - workers future promised paybacks are sloppy 2nds ... legally maybe but Not Right I remember days in that plant ... and at SMW#1 meetings "put it on the check""na invest in our retiirement via pros""put it on the check where its safe" 20/20 hind site .. ask for just enough and trust SSI for old age just watched Maria’s report on the bond holders of this Chrysler situation and the 55% UAW stake .. before that the on location Belvidere / Rockford car assembly plant report with the 4000 employees waiting with baited breath …. whos on first – who gets sploppy 2nds … the bottom of this problem is way back, offering & accepting future payment retirement benefits that were put into an account/pot that was used to buildup foreign competitors and now the payback feature is gone … from Wall Streets pov and legally – workers future promised paybacks are sloppy 2nds … legally maybe but Not Right

I remember days in that plant … and at SMW#1 meetings “put it on the check”"na invest in our retiirement via pros”"put it on the check where its safe”

20/20 hind site .. ask for just enough and trust SSI for old age

]]> By: jlj http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166550 jlj Thu, 30 Apr 2009 13:24:56 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166550 I wonder if this will be seen by much of the public as Obama standing up to the Hedge Funds/Ivestment Banks/Wall Street types. The analogy would be Reagan standing up to the Air Traffic Controller Union? I wonder if this will be seen by much of the public as Obama standing up to the Hedge Funds/Ivestment Banks/Wall Street types. The analogy would be Reagan standing up to the Air Traffic Controller Union?

]]> By: Chubby Davis http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166549 Chubby Davis Thu, 30 Apr 2009 13:21:11 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166549 The other day I was talking to Lee Iococca and he says The other day I was talking to Lee Iococca and he says

]]> By: jc http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166548 jc Thu, 30 Apr 2009 13:18:04 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166548 I saw in the news that Chrysler is #3 employer in the US, wow, still! I think the bondholders will convince the BK court that liquidation is the way to go, sell Jeeps and the parts businesses and let Fiat pick up a couple newer assembly sites, dump the retirees into PBGC black hole and the laid off workers on overwhelmed states. Detroit homes which now have an avg val of $5800 will be completely abandonable. I saw in the news that Chrysler is #3 employer in the US, wow, still! I think the bondholders will convince the BK court that liquidation is the way to go, sell Jeeps and the parts businesses and let Fiat pick up a couple newer assembly sites, dump the retirees into PBGC black hole and the laid off workers on overwhelmed states.

Detroit homes which now have an avg val of $5800 will be completely abandonable.

]]> By: leftback http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166542 leftback Thu, 30 Apr 2009 13:09:05 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166542 I have a feeling that today may be a rather interesting and pivotal day, one way or the other. OT: Prof Hoffer: It may, indeed, be a very long time before franklin411 receives his higher degree. I have a feeling that today may be a rather interesting and pivotal day, one way or the other.

OT:
Prof Hoffer: It may, indeed, be a very long time before franklin411 receives his higher degree.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166540 Mark E Hoffer Thu, 30 Apr 2009 13:05:23 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166540 OT: lb, as an aside, just to let you know, there was no helping that Sentence construction, it was too far gone.. OT:

lb,

as an aside, just to let you know, there was no helping that Sentence construction, it was too far gone..

]]> By: leftback http://www.ritholtz.com/blog/2009/04/30-years-late-belated-chrysler-bankruptcy/comment-page-1/#comment-166538 leftback Thu, 30 Apr 2009 12:58:08 +0000 http://www.ritholtz.com/blog/?p=24838#comment-166538 I am not sure that equity markets have priced in the consequences of the Chrysler bankruptcy and the resulting unemployment. Add in the fact that GM is essentially going to close for the summer and it's hardly a mustard seed. There are going to be a few more large restructuring and dismantling events coming down the pike. Yeah, (C). They are buying FSLR and AKAM this morning like it's 1999. Surely, more pain for the retail investor is just around the corner. The easy money was made in March. I am not sure that equity markets have priced in the consequences of the Chrysler bankruptcy and the resulting unemployment. Add in the fact that GM is essentially going to close for the summer and it’s hardly a mustard seed. There are going to be a few more large restructuring and dismantling events coming down the pike. Yeah, (C).

They are buying FSLR and AKAM this morning like it’s 1999. Surely, more pain for the retail investor is just around the corner. The easy money was made in March.

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