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2009-05-27 Economy

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Posted by Barbara Skolaut 2009-05-27 13:23|| || Front Page|| [2 views ] Top

Posted by tu3031 2009-05-27 13:36|| 2009-05-27 13:36|| Front Page Top

#2 Bloomberg dot com has continuing coverage.
-----A couple of issues besides the obvious ones. Supposedly secured bondholders of Chrysler & GM are getting stiffed in the upcoming deals, in apparent violation of bankruptcy laws. This may lead to a widespread difficulty for companies to sell their bonds in the future.
-----The impact of the combined bankruptcies on the huge number of auto suppliers is unknown. There will be more bankruptcies, which in total may dwarf what has already happened.
--- Increasing unemployment and falling incomes means fewer & fewer prospective auto buyers for quite some time, no matter how easy the auto loan terms become. The new Federal Chrysler Administration and the new Government Motors have a very rough road ahead.

Posted by Anguper Hupomosing9418 2009-05-27 13:48|| 2009-05-27 13:48|| Front Page Top

#3 In case there are any Obamatronics here please take not that this is the fate of healthcare when the O-hole gets what he wants.

You want your prescriptions run through a judge to decide if you can have them? How about your emergency surgery?

Posted by AlanC">AlanC 2009-05-27 14:01|| 2009-05-27 14:01|| Front Page Top

#4 16 dealerships in the Dallas-Ft Worth area are to be closed. The dealerships in the South that are "protected" by the "Car CZar" are black owned or are owned by former Clinton Administration people.

Posted by Lonzo Omomolet8293 2009-05-27 15:29|| 2009-05-27 15:29|| Front Page Top

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