Comments on: Bailout Watch 238: Hearings Begin; Wagoner To Admit Mistakes. Kinda.

By: Buickman

Buickman — Thu, 04 Dec 2008 21:07:14 +0000

GO AWAY RICK. the $4B we need is the same amount you blew on Fiat. run and hide you miserable SOB.

By: Austin Greene

Austin Greene — Thu, 04 Dec 2008 17:17:32 +0000

Geeze Robert – just seeing that endoscope makes me shake with fearfull memories.

By: Robert Schwartz

Robert Schwartz — Thu, 04 Dec 2008 16:52:15 +0000

“Mistakes, I’ve made a few,
But then again, too few to mention …”

The Chairman of the Board

By: Bubba Gump

Bubba Gump — Thu, 04 Dec 2008 16:42:57 +0000

Heres my opinion for GM. There will be a government sponsored reorg outside of a C11. That will be the endgame and GM will shed its liabilities outside of the courts.

By: Robert Farago

Robert Farago — Thu, 04 Dec 2008 16:00:06 +0000

Pch101 :

Agreed. The hearings have started from the perspective that this is a done deal. BUT…

There’s a certain fat lady who hasn’t sung. And never underestimate the ability of the D2.8 to snatch defeat from the jaws of victory. Did I just say “victory?” Oh brother.

By: Pch101

Pch101 — Thu, 04 Dec 2008 15:52:48 +0000

I believe that Christopher Dodd set the tone of the proceedings, supported by the GAO rep who effectively outlined how a bailout could be structured in a way that appears to be friendly to the taxpayer.

My bet is that they will get the money. It would likely be divided into installments, tied to benchmarks and concessions being made by creditors, and include warrants as a sweetener, plus they will pay homage to hybrids, etc., but they are going to get it.

If Wagoner was smart, he would try to hitch his wagon to Ford, and try to separate GM from Chrysler. I believe that sacrificing Chrysler would be a good way to clinch the Republicans, as that would appear to be a compromise, and doing so would make them appear to be selective and deliberate in their approach. But Rick isn’t exactly the brightest bulb in the corporate chandelier.