-The US taxpayer gave old Chrysler in 2009 $12.5 B. "They" paided back $11.2 B in principal,interest,and cancelled other commitments, leaving $1.3B the Treasury is going to absorb (that's us--the taxpayer). Like magic Fait now owns 53.5%, while the UAW owns 46.5%, the only two owners of New Chrysler. Sales have been OK, but what happens if the market goes south again. Only the jockey knows what will happen!
-The WH's GM shell game is much worst, and far too complicated at this stage to attempt an assessment. I do know this, for GM ( taxpayer silll owns 26%) to offer a new IPO-2 stock prices would to increase to $53/share. The IPO-1 is now trading ~10%under IPO-1 of $33/share. (to institutions,banks and investment firms only). Double your money by folding it in two and stick it back into your wallet.
-Less serious, I believe at least 20% of Americans, no longer believe humans and there emmissions really have anything to do with global warming. (weather in US this winter been great, so far. That darn rat up PA way says we have 6 more weeks of winter. Folks in Socialist Europe not as lucky as we).
-Back to the global warming. Did you happen to catch a new TV commerical about sticking your foot booties in the microwave for a while to make them toastie, for these winter nights? I can smell the pollution eminating from the microwave, can't you. If I come to your house I will not eat anything cooked in a microwave regardless. Just in case, you subscribe to the bootie thing and don't disclose with a postit note on door handle.
Thursday, February 2, 2012
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