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BTW, unlike GM, I'm pretty confident the banks will eventually repay their TARP money.
No wonder the bondholders took both loads of free money.
BTW, unlike GM, I'm pretty confident the banks will eventually repay their TARP money.
the banks and GM.
I used proper punctuation with a period at the end.
So that's it?
I believe neither will be paid back in full, it won't be anywhere near the $800 billion that people will still insist it costs from here on out.
As if being paid back makes it all better.
I agree. The problem was the other 40% or so of bondholders that weren't banks that got sold down the river. The banks were mostly speculating and bought the bonds at a severe discount when GM got in trouble. After all, they were theoretically senior secured debt. The little conservative investors that bought AAA GM bonds for their retirement funds at face were the ones that got well and truly ed.
16% of the advertised cost is better than 100%
" the banks"
You Can't Touch This, you can't the banks.
They have all the power, they run the country, and they aren't finished ing citizens.
They have hired the Repugs to privatize SocSec, Medicare, Medicaid. And that will make it more expensive for less service rendered.
How would they have made out in a regular bankruptcy?
Numbers please.
So you get mugged and have $100 in your wallet. The thief takers $85 and leaves you $15.
In Chumps world this is OK?
Actually I would have kept $85.
I guess those tests weren't in math, eh?
So it's relatively better and that means something? Absurd.
There was 27 billion of senior secured debt. I'm pretty confident that GM could have been sold off in parts for more than that.
If you don't believe it was worth 27 billion last year how the can you claim it's worth 60 billion now?
Relatively better means relatively better.
What is your evidence of this?
Hey, as long as you're paid for it that doesn't make it theft.
ing stupid.
Losing $15 is better than losing $100.
That's all I said.
Do you disagree with this?
You make absolutely no sense.
The bondholders gave up 27 Billion for 10% of a company that in the rosiest of estimates is now worth 60 Billion. that makes their share worth 6 Billion.
You call that getting back the majority of the money?
I disagree that it's worthy of positing. Hey Jethro, we's got paid back! In full. That means it wuz great!
We're talking about TARP in total.
Try to keep up.
Thanks.
That means it wasn't as bad as most will continue to claim.
So you agree that it was better and I am the superior human being. /chump
I'm talking about the other 40% of the bondholders that lost their retirement savings and didn't get TARP like the big banks.
YOU try to keep up, CHUMP.
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