12-12-2008, 05:36 AM | #436 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
|
Another example of finance people playing money games as technology and infastructure gets ignored by those spread sheet moguls. From the NY Times of 11 Dec 2008:
Quote:
|
|
12-12-2008, 07:33 AM | #437 | |
barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
|
Link
Quote:
__________________
"like strapping a pillow on a bull in a china shop" Bullitt |
|
12-12-2008, 12:44 PM | #438 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
|
Quote:
Bell of Canada should have been addressing these problems years if not a decade ago. That is why credit rating firms, auditors, and government oversight exist. Maybe the bean counters in finanical markets and government were no longer doing their jobs? No. These people exist to advance mankind. They would do their jobs. Bell of Canada is added to a long list of firms that ... well that list has not yet hit the half way point. Did I mention big steel because some stupid president protected them some four plus years ago from free market pressures that would have saved them? BTW, a world record loss has now been set by a hedge fund. This will be the largest Ponzi scheme ever. "Don't worry. Be Happy." |
|
12-12-2008, 12:47 PM | #439 |
“Hypocrisy: prejudice with a halo”
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
|
__________________
Anyone but the this most fuked up President in History in 2012! |
12-17-2008, 01:45 PM | #440 |
twatfaced two legged bumhole
Join Date: Jun 2004
Posts: 3,143
|
Interesting if the numbers/math is right...from here.
__________________
Strength does not come from how much weight you can lift, or how many miles you can run. It comes from knowing that you set a goal, and rose to the challenge. Strength comes from within. |
12-17-2008, 02:06 PM | #441 |
Only looks like a disaster tourist
Join Date: Feb 2007
Location: above 7,000 feet
Posts: 7,208
|
That would make more sense as a stacked bar chart.
|
12-17-2008, 02:08 PM | #442 |
Why, you're a regular Alfred E Einstein, ain't ya?
Join Date: Jun 2006
Posts: 21,206
|
Yeah, a bar stacked with shots of Cuervo.
__________________
A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby |
12-19-2008, 06:46 AM | #443 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
|
From the NY Times of 18 Dec 2008:
Quote:
Chrysler is owned by a rich investment firm that could easily finance Chrysler's bridge loans. Maybe even do what 1979 Chrysler did when government did not bail them out. 1979 Chrysler replaced bad management, then bridge loans from the banks. Loans that Chrysler paid off in only four years because Lee Iacocca (a car guy) replaces Chrysler's only problem - top mangement. Cerebus is an investment firm that would rather have government pay for their bad investment decisions. Rich investors once had to accept the risks of their investments. But the economy downturned. According to Cerebus, that is not fair. Therefore government should bail them out. Deutsche Bank called it about one month ago. GM's future stock price is predicted to be zero dollars per share. Obviously. GM products were obviously that bad long ago. |
|
12-19-2008, 07:39 AM | #444 | |
barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
|
Quote:
__________________
"like strapping a pillow on a bull in a china shop" Bullitt |
|
12-19-2008, 08:30 AM | #445 |
Only looks like a disaster tourist
Join Date: Feb 2007
Location: above 7,000 feet
Posts: 7,208
|
When GM stock shares hit $0 I will buy all of them.
|
12-19-2008, 09:17 AM | #446 |
Touring the facilities
Join Date: Nov 2002
Location: The plains of Colorado
Posts: 3,476
|
then you can fire all of top management! You better be paying attention.
|
12-19-2008, 01:22 PM | #447 | |
barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
|
Bush Approves $17.4 Billion Auto Bailout
December 19, 2008 Quote:
If they only built a better car I might consider buying one.
__________________
"like strapping a pillow on a bull in a china shop" Bullitt |
|
12-20-2008, 07:19 AM | #448 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
|
[quote=classicman;515190Well at least its something. I also noticed that Ford declined to participate - good for them.
If they only built a better car I might consider buying one.[/QUOTE] Ford had been many years into undoing the disaster created by Jacques Nasser. The finally came out with some 70 Hp per liter engines. Ford is ahead of GM in making better cars - only barely. Ford addressed the management problem which is why Ford does not need government rescue. $100s of billions were given to banks to start loaning again. What does GM need? Exactly what Chrysler needed in 1979. New management AND loans from the banks. Who will better hold GM's feet to the fire of innovation? Bankers; not government. However since the president is a mental midget, he protected GM management AND is not letting free market forces operate. Banks now flush with cash would hold GM to actual solutions. The mental midget did not. Only government requirements that GM must conform to: executives can no longer fly in private jets. Everything else is too subjective - as well planned as "Misson Accomplished". |
12-20-2008, 08:43 AM | #449 |
Slattern of the Swail
Join Date: Jul 2004
Posts: 15,654
|
cough.
why is it okay to have corporate welfare*** and NOT ok to have national health care? ***we all knows these fkkrs ain't going to make good OR pay up.
__________________
In Barrie's play and novel, the roles of fairies are brief: they are allies to the Lost Boys, the source of fairy dust and ...They are portrayed as dangerous, whimsical and extremely clever but quite hedonistic. "Shall I give you a kiss?" Peter asked and, jerking an acorn button off his coat, solemnly presented it to her. —James Barrie Wimminfolk they be tricksy. - ZenGum |
12-20-2008, 08:59 AM | #450 |
Are you knock-kneed?
Join Date: Jul 2008
Location: Middle Hoosierland
Posts: 3,549
|
AND continuing the further deterioration of workers rights. This is actually a direct shot at the unions.
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|