Gm ipo

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08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by clambake

theft lol

No shit. No one files a plan to be robbed with the SEC.
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by clambake

theft lol

I get it. It's not theft if the govt does it. That's why the Peoples State of Ireland has been a dreamy country.
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

because they were taking away from you without consent, theft.

We've been over this. There was consent. Sorry you missed that. You should probably go back a few pages.
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

No shit. No one files a plan to be robbed with the SEC.

They don't have to now, the govt can do it all by themselves. They're big boys you know.
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

I get it. It's not theft if the govt does it.

It's not theft if there is consent. Now if you want to fight for minority bondholder's rights as you see them, feel free to do so.
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

We've been over this. There was consent. Sorry you missed that. You should probably go back a few pages.

You weren't convincing, Sorry.
08-20-2010
clambake

Re: Gm ipo

iggy talks ireland lol
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

They don't have to now, the govt can do it all by themselves. They're big boys you know.

Consent was given by the bondholders.

You should really catch up on this.
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

You weren't convincing, Sorry.

Take it up with the Wall Street Journal.

What is your counter argument to their article?
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by clambake

iggy talks ireland lol

lol Ireland
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

Take it up with the Wall Street Journal.

What is your counter argument to their article?

The minority bond owners which was like 40 percent got fucked, and this sets a bad precedent for bond holders becuase of the banks.

The govt basically did fuck individual bond holders by forcing them into this bullshit with the banks and the unions.

Don't worry, you think it's a great plan, maybe the govt can use the same stellar plan to bail them out once more.
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

minority

I said you were free to bitch about that.

I never said it was a great plan, just that the hyperbole from the more ignorant posters such as yourself was misleading.

Maybe you can tell me what the bondholders were going to get from a regular bankruptcy so we can compare it to what they got. No one has been able to do that so far.

Thanks in advance.
08-20-2010
coyotes_geek

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

Perhaps there was no chance the assets could have been sold at anywhere near their perceived value, if sold at all. Given the state of those assets set for liquidation, that's a fair assumption. But that isn't the old bondholder/new owners' problem anymore.

Perhaps, if GM was headed towards liquidation. But everyone knew that wasn't going to happen.
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by coyotes_geek

Perhaps, if GM was headed towards liquidation. But everyone knew that wasn't going to happen.

Then why bring up assets that you say were never going to be liquidated?

I believe at liquidation of many assets was going to be at least attempted regardless since GM was going to be a smaller company in any case. If you can tell me why not, I'd be happy to hear your reasoning.
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

I said you were free to bitch about that.

I never said it was a great plan, just that the hyperbole from the more ignorant posters such as yourself was misleading.

Maybe you can tell me what the bondholders were going to get from a regular bankruptcy so we can compare it to what they got. No one has been able to do that so far.

Thanks in advance.

They would have gotten a better deal in the longterm because they could restructure all contracts at their disposal instead of the govt forcing them to accept the bad buisiness model.

Just because the govt can get away with it doesn't make it hyperbole. It is what it is.

So you'd rather the bondholders get atleast something but be stuck with a shitty buisiness model than have a better longterm buisiness model with the ability to decide and feel free.
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

They would have gotten a better deal

Numbers, please.
08-20-2010
Ignignokt

Re: Gm ipo

Bankruptcy is there as a protection and for a good reason.
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

Numbers, please.

Why? NM, it's not even an honest question. You wouldn't even have the tools to judge them anyway.
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

Why?

For comparison.

Thanks.

If you can't provide any, just say so.
08-20-2010
clambake

Re: Gm ipo

remember when bankruptcy used to be a dirty word?
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

For comparison.

Thanks.

If you can't provide any, just say so.

That's no big deal because nobody can accurately predict such things. But what they have right now is shit, and a shit company. Regardless the oppurtunity to have a better company and better contract is a right which those bondholders deserve.
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

That's no big deal because nobody can accurately predict such things.

You just claimed you could.

Why are you backtracking now?
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

You just claimed you could.

Why are you backtracking now?

Don't lie, I didn't specify numbers.

Why do feel the need to be dishonest?
08-20-2010
ChumpDumper

Re: Gm ipo

Quote:

Originally Posted by Ignignokt

Don't lie, I didn't specify numbers.

You said it would be better than anything they have now.

A number can be attributed to what they have now. You claim your way is better. You claimed your way would have a greater value than what they have now or could potentially have after an IPO. Then you quickly ran away from that saying you couldn't accurately predict anything.

Quote:

Why do feel the need to be dishonest?

I don't think you feel the need to be dishonest; it's just the way you are.
08-20-2010
Ignignokt

Re: Gm ipo

Quote:

Originally Posted by ChumpDumper

You said it would be better than anything they have now.

A number can be attributed to what they have now. You claim your way is better. You claimed your way would have a greater value than what they have now or could potentially have after an IPO.

I don't think you feel the need to be dishonest; it's just the way you are.

I said that they could restructure their labor contracts and other contracts for longterm success.

All this deal did was reward the banks with TARP and gave the unions shares.

Insert nanny nanny poo poo putdown here.

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