More nationalization - Page 2 - PeachParts Mercedes-Benz Forum

aklim · #16 03-31-2009, 06:50 PM

Quote:

Originally Posted by JollyRoger

My bet is the welfare chiseler has more character.

I'm sure. That explains his/her position in life.

aklim · #17 03-31-2009, 07:00 PM

Quote:

Originally Posted by cmbdiesel

If we, the taxpayers, are buying these companies (in essence what we are doing) why shouldn't we have a say in how they are run. Don't like the restrictions, don't take the money.

But, maybe you were down with the AIG bonuses that went to the very people who should have been FIRED, not retained and given bonuses. If you couldn't guess, it kinda pissed me off!!

Depends. How big a stake are you "buying"? If you are buying a 20% share, no. 51% share, sure.

So, you want to put in a "govt approved" person/people. Fair enough. Lets talk about your sore point, AIG. Can you explain to me why we are even discussing AIG? I mean, why were they allowed to keep their bonuses till the public stink and then congress had to write a special rule to "fix" it? IOW, why was congress playing "catch up"? This is not some nickle operation. We are talking about dumping billions of dollars and this is the care that they take? Sorry, not good enough. These are the people we are trusting to appoint the right people in those companies?

aklim · #18 03-31-2009, 07:04 PM

Quote:

Originally Posted by pj67coll

I pretty much agree. I'd feel a lot happier though if that clown Franks wasn't still involved from the government end. Rather like the moron trying to fix the idiots at this point.

- Peter.

I think the phrase you are looking for is "The blind leading the blind".

tankdriver · #19 03-31-2009, 07:32 PM

The 'article' doesn't cite any part of the bill.

Hatterasguy · #20 03-31-2009, 07:47 PM

Quote:

Originally Posted by JollyRoger

If you want permenant socialism, sure, let's just give em all a raise. You want temporary socialism, I would suggest "the boss is a son of a *****" management technique. This molly-coddling you advocate makes you look like the socialist, not Obama.

The purpose of running these companies is so they can orderly be put out of business, AIG will be split up and liquidated, the banks will probably be dying to pay the money back so they aren't, like I said, I hope it is as unpleasant as possible, the greed of the people who ran these companies, the massive payoffs to lobbyists and campaign coffers to make it all work, I'd like to see as many people as possible suffer so that it makes a lot of people think twice before "cowboy capitalism" ever becomes popular again.

Exactly.

Like I said in another thread, Obama should demand they give up there perks like jets and private cars just to make them suffer.

I want to hear them begging to give this money back and get out of this program.

cmbdiesel · #21 03-31-2009, 08:43 PM

Quote:

Originally Posted by aklim

Depends. How big a stake are you "buying"? If you are buying a 20% share, no. 51% share, sure.

So, you want to put in a "govt approved" person/people. Fair enough. Lets talk about your sore point, AIG. Can you explain to me why we are even discussing AIG? I mean, why were they allowed to keep their bonuses till the public stink and then congress had to write a special rule to "fix" it? IOW, why was congress playing "catch up"? This is not some nickle operation. We are talking about dumping billions of dollars and this is the care that they take? Sorry, not good enough. These are the people we are trusting to appoint the right people in those companies?

20% or 51%, when you're drowning the guy with the rope makes the rules.

What would you have them do, let the AIG fiasco happen all over again. Agreed that the first mistake shouldn't have happened, but lets not do it again.

Pooka · #22 03-31-2009, 08:58 PM

The percentage of ownership is immaterial. This is a deal to be worked out. If you want Uncle Sam's help you will take the deal he offers. If not call the other guy that's willing to finance you.

What's that you say? There is no other guy? Well then, take my offer or leave it. I don't need the headaches to begin with.

aklim · #23 03-31-2009, 09:25 PM

Quote:

Originally Posted by cmbdiesel

2What would you have them do, let the AIG fiasco happen all over again.

Agreed that the first mistake shouldn't have happened, but lets not do it again.

When you take 165 million and divide it by the billions, I would think that the percentage would not come to the "fiasco" levels except by some extremists.

My point is that congress has shown it's incompetence as per usual. What makes you sure that there won't be a "next time"? I'm sure there will be a "next time". I don't think they are the right people to do much.

cmac2012 · #24 03-31-2009, 11:06 PM

Quote:

Originally Posted by Hatterasguy

Exactly.

Like I said in another thread, Obama should demand they give up there perks like jets and private cars just to make them suffer.

I want to hear them begging to give this money back and get out of this program.

Some of them have given it back already, IIRC, and others have said they're giving it back ASAP with no more accepted in future.

Hatterasguy · #25 03-31-2009, 11:48 PM

Good.

This is one area that if O plays right, I will have to eat my hat a bit as they say.

jlomon · #26 04-01-2009, 08:49 AM

Quote:

Originally Posted by cmbdiesel

20% or 51%, when you're drowning the guy with the rope makes the rules.

Exactly. If you want proof of this, just google up the sweetheart deal that Warren Buffet worked out with GE back in February, and the stakes for GE weren't anywhere near as dire.

Mistress · #27 04-01-2009, 10:23 AM

Quote:

Originally Posted by cmbdiesel

If we, the taxpayers, are buying these companies (in essence what we are doing) why shouldn't we have a say in how they are run. Don't like the restrictions, don't take the money.
But, maybe you were down with the AIG bonuses that went to the very people who should have been FIRED, not retained and given bonuses. If you couldn't guess, it kinda pissed me off!!

X2.

aklim · #28 04-01-2009, 12:03 PM

Quote:

Originally Posted by Pooka

The percentage of ownership is immaterial. This is a deal to be worked out. If you want Uncle Sam's help you will take the deal he offers. If not call the other guy that's willing to finance you.

What's that you say? There is no other guy? Well then, take my offer or leave it. I don't need the headaches to begin with.

As long as the deal is made, I don't care. OTOH, if they are abusing their power to alter the deal AFTER it has been signed and accepted, I have an issue.