Comments on: Profiting from GM’s demise…

By: nojo

nojo — Tue, 28 Apr 2009 18:36:32 +0000

I’m torn between referencing Rollerball or Engulf & Devour.

By: FlyingChainSaw

FlyingChainSaw — Tue, 28 Apr 2009 18:00:36 +0000

GM bond hedgers are the kinda people who go speed dating in graveyards.

By: FlyingChainSaw

FlyingChainSaw — Tue, 28 Apr 2009 17:32:19 +0000

@Dodgerblue: Finally cleared the IMs and could finish it. Works for me now.

By: Dodgerblue

Dodgerblue — Tue, 28 Apr 2009 17:00:55 +0000

@FlyingChainSaw: I like the business plan.

By: FlyingChainSaw

FlyingChainSaw — Tue, 28 Apr 2009 16:48:36 +0000

@Dodgerblue: More like a Girl Scout standing in front of a casino in Atlantic City shouting “goin’ out?” at passing cars, then leaning into the windows of the ones that stop, snatching the driver’s cash, punching him in the nuts and running away to buy gasoline to use to burn his house down – after she’s taken out an exotic insurance policy that pays her off when it’s destroyed by fire. What could be more American than that? Free enterprise!

By: chicago bureau

chicago bureau — Tue, 28 Apr 2009 16:15:26 +0000

Well, there are two things that are sure to happen now.

(1) Joementum will (finally) give up the pretense and switch out himself. He will almost certainly cite the 60-vote supermajority and the great evil (EVIL!) that would be done with it.

(2) The GOP will take the Al Franken thing all the way to The Hague if they have to.

By: Prommie

Prommie — Tue, 28 Apr 2009 16:08:42 +0000

Holy Fuck, Spector is going Democrat!

By: Dodgerblue

Dodgerblue — Tue, 28 Apr 2009 15:39:46 +0000

I’m not buying the Girl Scouts / Thin Mints (better frozen!) analogy, because the GS need to deliver the product before they get paid. So, value is exchanged for value. AIG, in contrast, took money for a product that they knew was worthless — their promise to pay a gazillion $$ they didn’t have if some bad stuff happened. Why AIG made more money selling this dreck than the GS make selling delicious Thin Mints is beyond me.

By: ManchuCandidate

ManchuCandidate — Tue, 28 Apr 2009 15:30:01 +0000

This reminds me of a parable I once read about breakfast.

The bond holders remind me of the chicken who allows its eggs to be turned into a meal.

The GM workers remind me of the pig (maybe not the best analogy considering swine flu) who provides the bacon.

The difference between the two is commitment. The chicken makes a lot of noise but is only willing to sacrifice its young where as the pig gives breakfast it’s all, it’s life. Of course that is never considered in bankruptcy court–a subject that strikes close to home considering my employer is in Chapter 11 and which is why many of my fellow coworkers don’t have any severance while the execubots and toadies get bonuses, not that I’m bitter about it or anything.

The Repub (?) has a great idea. Bond holders who have AIG CDS should be double fucked.

By: lynnlightfoot

lynnlightfoot — Tue, 28 Apr 2009 15:12:34 +0000

Will the WSJ write about this?