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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 07:16 AM Original message |
Chrysler Chapter 11 Is Imminent |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 07:18 AM Response to Original message |
1. Would that include Jeep ? |
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AndyA (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 07:19 AM Response to Reply #1 |
2. Jeep is still a part of Chrysler Corporation. |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 08:34 AM Response to Reply #2 |
6. Jeep is an icon |
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AndyA (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 07:20 AM Response to Original message |
3. Those hedge funds helped to create this mess. |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 07:31 AM Response to Reply #3 |
4. Wouldn't help... |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 09:44 AM Response to Reply #4 |
9. It's their fault for pushing Chrysler into bankruptcy |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 09:55 AM Response to Reply #9 |
10. So if your retirement was with Oppenheimer |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:01 AM Response to Reply #10 |
11. You're seriously going to defend hedge funds |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:12 AM Response to Reply #11 |
12. To deny that these funds are used for retirements and |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:23 AM Response to Reply #12 |
14. They'll lose more by not negotiating |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:26 AM Response to Reply #14 |
16. Actually, they won't... |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:33 AM Response to Reply #16 |
19. "after liquidation" |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:47 AM Response to Reply #19 |
25. The hedge funds are going to fight the Chapter 11 filling. |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:52 AM Response to Reply #19 |
27. I'm no fan of hedge funds.... |
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SOS (1000+ posts) Send PM | Profile | Ignore | Fri May-01-09 09:22 AM Response to Reply #16 |
77. Chrysler investor disagrees |
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high density (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:30 AM Response to Reply #10 |
18. Well if the options are $50k instead of $0k, I'd take $50k. NM |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:50 AM Response to Reply #10 |
26. That's not the hit that Oppenheimer is being asked to take... |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:05 AM Response to Reply #26 |
32. Link please. nt. |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:09 AM Response to Reply #32 |
36. . |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:20 AM Response to Reply #36 |
43. Zero mention of credit default swaps.... |
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Psephos (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:30 PM Response to Reply #26 |
50. You may not realize who's really going to take a beating on this |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 07:41 AM Response to Original message |
5. Looking pretty official now according to my Bloomberg terminal. nt |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 08:36 AM Response to Original message |
7. Now official |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 08:46 AM Response to Original message |
8. recommend -- very sad. nt |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:14 AM Response to Original message |
13. Oppenheimer Funds, Stairway Cap Management and Perella Weinberg Partners' Xerion Fund... |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:26 AM Response to Reply #13 |
15. Yep |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:33 AM Response to Reply #15 |
20. Ah, but these companies placed bets that Chrysler would fail... |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:07 AM Response to Reply #20 |
35. Why not just make it illegal to short any stock as well? |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:11 AM Response to Reply #35 |
37. So you think that allowing credit default swaps has worked out well for this country? |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:21 AM Response to Reply #37 |
45. Shorting something is nothing new... |
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jmowreader (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 04:21 PM Response to Reply #37 |
76. NAKED CDS are the scourge of the economy |
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ConcernedCanuk (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:27 AM Response to Original message |
17. Correct me if I'm wrong, Ch 11 is "restructuring" - Ch 7 is REAL bankruptcy - ie "liquidation" ? |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:35 AM Response to Reply #17 |
21. The hedge funds are going to try to force liquidation. |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:39 AM Response to Reply #21 |
23. Obama allows this to happen |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:46 AM Response to Reply #23 |
24. How exactly? By not prohibiting credit default swaps when Bush was in office? |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:53 AM Response to Reply #24 |
28. Obama is in office now |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:58 AM Response to Reply #28 |
30. What legal recourse does Obama have to make them accept the deal? |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:02 AM Response to Reply #30 |
31. Obama is forcing Chrysler and GM into bankruptcy |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:05 AM Response to Reply #31 |
33. Not true. Obama isn't giving them the money to avoid bankruptcy.... |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:07 AM Response to Reply #33 |
34. Nonsense. The Obama admin has given BILLIONS to these same hedgefunds already. |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:13 AM Response to Reply #34 |
38. Because of the credit default swaps these hedge funds may walk away with more than 100% |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:17 AM Response to Reply #38 |
41. They didn't hesitate to pay off the CDS's when Wall Street and its bonuses were on the line. |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:14 AM Response to Reply #33 |
39. "they don't have enough cash on hand to guarantee their debt." |
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Dinger (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:38 AM Response to Reply #23 |
48. Our President Is Popular, But Nobody's So Popular That They Can Write Off Any State (nt) |
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whopis01 (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:56 AM Response to Reply #17 |
29. Yeah - "restructuring" as in "breaking the unions" n/t |
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Dinger (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:39 AM Response to Reply #29 |
49. Exactly (nt) |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:47 PM Response to Reply #29 |
51. And as dumping asbestos and environmental liability, and dumping dealerships.l |
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mule_train (611 posts) Send PM | Profile | Ignore | Thu Apr-30-09 10:38 AM Response to Original message |
22. Sad day for Ioccoca |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:16 AM Response to Original message |
40. If Obama is breaking the UAW, this means he is writing off Michigan, possibly Ohio. nt |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:18 AM Response to Reply #40 |
42. He's trying to break the hedge funds. Are you even listening to him? |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:21 AM Response to Reply #42 |
44. That's not how bankruptcy works. Look up "the equality principle" |
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Dinger (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:37 AM Response to Reply #40 |
47. Dare I Say It? |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:48 PM Response to Reply #40 |
52. Northern Indiana, too. Aren't there a lot of plants in Missouri? n/t |
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Dinger (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 11:36 AM Response to Original message |
46. My 78 Year Old Father Is Retired From Chrysler. What Does This Mean For Him? |
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Tab (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Original message |
53. Chrysler to File for Bankruptcy (today) |
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Thrill (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #53 |
54. Greedy Bond Holders. What do they get now if Chrysler goes bankrupt? |
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blue_onyx (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #54 |
60. Our governor called out three particular hold outs yesterday: |
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Telly Savalas (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #54 |
69. It's quite possible they are counterparites in credit default swaps on the bonds. |
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msongs (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #53 |
55. no more tax payer money for wall street, banks, and scammer funds nt |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #53 |
56. recommend -- very sad. nt |
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earthside (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #53 |
57. This is Great News. |
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Amonester (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #57 |
59. They'll have robots repairing other robots when they break... |
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high density (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #57 |
61. What do you propose as an alternative? Subsidizing the hedge funds so they're happy? |
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brooklynite (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #53 |
58. UPDATE (NYT): Obama to Speak at Noon |
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tabatha (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #53 |
62. Is this not a good thing? |
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hugo_from_TN (895 posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #62 |
63. I think Chrysler is dead |
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xultar (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #63 |
64. I don't believe that is true now a days. Airlines went bankrupt and people trusted their lives |
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hugo_from_TN (895 posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #64 |
65. But you knew the pilots weren't going to leave in the middle of the flight. |
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tabatha (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #65 |
66. Maintenance is just as important as the pilot. |
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shaniqua6392 (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #63 |
68. I will still buy from Chrysler or GM if they go into bankruptcy. |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #53 |
67. What will the downstream impact be from this |
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Amerigo Vespucci (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Original message |
70. Chrysler to file for bankruptcy, get financing |
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jobycom (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #70 |
71. Do they still sell Fiats in America? |
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Crabby Appleton (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 03:56 PM Response to Reply #70 |
72. They now have actually filed for BK. nt |
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eppur_se_muova (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 04:02 PM Response to Original message |
73. Chrysler bankruptcy deal revealed |
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wtbymark (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 04:02 PM Response to Reply #73 |
74. because of hedge funds - figures |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Thu Apr-30-09 04:02 PM Response to Reply #73 |
75. Greedy hedge fund managers are destroying the American way of life |
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