No but I would change them to be fair. I mean forcing a bankruptcy to make investors rich and destroy the lives of MILLIONS is fair to you?

Last I checked those investors are still making money. And workers have a job.

Fair ? What skin do the workers have in the game ? They do a job and get paid .You think the bond holders are just a bunch of greedy capitalists who were ripe to be screwed. To hell with the retires who had money in funds with GM holdings .They don't deserve the protection of the rule of law either . In Obamanation ;the Emperor makes the rules ;even if they violate years of law .

I guess their lively hood and future isn't skin enough.

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Originally Posted by tomder55

fair ? What skin do the workers have in the game ? They do a job and get paid .You think the bond holders are just a bunch of greedy capitalists who were ripe to be screwed. To hell with the retires who had money in funds with GM holdings .They don't deserve the protection of the rule of law either . In Obamanation ;the Emperor makes the rules ;even if they violate years of law .

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I expect no one explained risk to you, stockholders acquire certain risk and so do bondholders. It is unfortunate that some securities are more risky than others, you want security invest in government bonds because any additional yield on other securities is compensation for risk.

GM was rescued, not for the benefit of investors but for the benefit of employees and the national economy. What was already lost was lost due to inept management. I expect it cost you some money, that's sad Tom but we all experience loss in these difficult times unless we become risk averse

GM was "rescued " as a political payback to the UAW . Ask the non-union employees of the GM chain if the government gave a rat's a$$ about them .$1 billion went to Delphi's union retirees, their non-union retirees nothing.
Ask the thousands of dealership employees who lost their jobs because they worked in dealerships owned by Republicans if the Obots cared about employees . The bailout violated every fundamental principle of America's bankruptcy code, undermined the rule of law, and cost taxpayers an extra $26.5 billion.
Had GM gone through chapter 11 ;the company and the employees would be on firmer ground. All the bailout was ,was picking the pockets of taxpayers and bond holders and giving that theft to the union.
Obama's own car czar Steve Rattner admitted, “We should have asked the UAW to do a bit more. We did not ask any UAW member to take a cut in their pay.”
Obama said “The free market has never been a free license to take whatever you want from whoever you can. It only works when there are rules of the road to ensure that competition is fair, open, and honest,”
Yes it does work when “the rules ” are honored.The GM bailout violated all the rules.

Well tom a few other things violated the rules too like selling junk Bonds around the world while giving the an AAA rating. WhatI see is the system is broken and unbridled capitalism isn't the answer. We have had this answer before there are winners and loosers

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unbridled capitalism

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putting words in my mouth again ? The whole bankruptcy system is a form of regulating . Unbridled capitalism ;if it was ever truly practiced ,is something that happened well before the beginning of the last century.
Look ;I know our laws differ from yours . I just want us to honor our laws . You can do in your country as you wish.

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Originally Posted by tomder55

GM was "rescued " as a political payback to the UAW . Ask the non-union employees of the GM chain if the government gave a rat's a$$ about them .$1 billion went to Delphi's union retirees, their non-union retirees nothing.
Ask the thousands of dealership employees who lost their jobs because they worked in dealerships owned by Republicans if the Obots cared about employees . The bailout violated every fundamental principle of America's bankruptcy code, undermined the rule of law, and cost taxpayers an extra $26.5 billion.
Had GM gone through chapter 11 ;the company and the employees would be on firmer ground. All the bailout was ,was picking the pockets of taxpayers and bond holders and giving that theft to the union.
Obama's own car czar Steve Rattner admitted, “We should have asked the UAW to do a bit more. We did not ask any UAW member to take a cut in their pay.”
Obama said “The free market has never been a free license to take whatever you want from whoever you can. It only works when there are rules of the road to ensure that competition is fair, open, and honest,”
Yes it does work when “the rules ” are honored.The GM bailout violated all the rules.

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The UAW retired Union employees.got raped by Obama during the GM Bankrpucy... My Father was a retired UAW union employee... he died the year he retired... my 78 year old mother lost all of her medical and much of her survivor benefits... with that bankruptcy.

The retired WHITE COLLAR non-union employees kept all of theirs...

Beware April Fools also...

The racist menace? Muslims declare victory in fight over ‘anti-Islamic’ Lego

Apparently 'Jabba’s Palace’ looks a little much like a mosque?

Steriotypes

Muslims as troglodytes isn't a stereotype... its a proven fact.

I think Jabba the hut is actually a capitalist steriotype not a muslim one but I see the likeness of the St Sofia mosque. The muslims are stuck in a time warp, just like some others I know, they choose to be there and to take offense at whatever the west does. They even take offense at their own because deep down they know their religion is flawed. When you can't laugh at yourselves you are in big trouble

Beware April fools indeed . I have been predicting that the Aussies will fall under the Chinese sphere of influence . It is happening even faster than I realized.

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A month ago we pointed out that as a result of Australia's unprecedented reliance on China as a target export market, accounting for nearly 30% of all Australian exports (with the flipside being just as true, as Australia now is the fifth-biggest source of Chinese imports), the two countries may as well be joined at the hip.
Over the weekend, Australia appears to have come to the same conclusion, with the Australian reporting that the land down under is set to say goodbye to the world's "reserve currency" in its trade dealings with the world's biggest marginal economic power, China, and will enable the direct convertibility of the Australian dollar into Chinese yuan, without US Dollar intermediation,.

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Thanks, World Reserve Currency, But No Thanks: Australia And China To Enable Direct Currency Convertibility | Zero Hedge

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Originally Posted by tomder55

Beware April fools indeed . I have been predicting that the Aussies will fall under the Chinese sphere of influence . It is happening even faster than I realized.


Thanks, World Reserve Currency, But No Thanks: Australia And China To Enable Direct Currency Convertibility | Zero Hedge

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So what we are saying is the american's don't get their cut. Tough isn't it. Actually you should think of the Australian dollar as a reserve currency it is directly negotiable in a number of countries and worth more than the Yankee dollar. Look we are going to grow food and other agricultural products for China, we don't see this as negative thing, they have a market that is opening very quickly to high end products which we have an ability to meet and they aren't as queesy about certain things as you are and certainly not as protective. You had the opportunity to do the right thing with the FTA and you screwed us like you do everyone

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Originally Posted by paraclete

so what we are saying is the american's don't get their cut. tough isn't it. actually you should think of the Australian dollar as a reserve currency it is directly negotiable in a number of countries and worth more than the Yankee dollar. look we are going to grow food and other agricultural products for China, we don't see this as negative thing, they have a market that is opening very quickly to high end products which we have an ability to meet and they arn't as queesy about certain things as you are and certainly not as protective. you had the opportunity to do the right thing with the FTA and you screwed us like you do everyone

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You need to get over yourselves... or at least pay more attention to how China REALLY treats its subjects.

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Originally Posted by smoothy

You need to get over yourselves....or at least pay more attention to how China REALLY treats its subjects.

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We are not Chinese subjects, we trade with them, would you have us ignore them and leave the field to you? IIt doesn't work that way. We opened diplomatic dialogue with China while you were still playing cold war

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Originally Posted by paraclete

we are not Chinese subjects, we trade with them

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Bwaaaaahahahaha... yeah... for now... but not forever.

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Originally Posted by smoothy

Bwaaaaahahahaha.....yeah.....for now.....but not forever.

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So you may not last forever yourselves, nothing lasts forever

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Originally Posted by paraclete

so you may not last forever yourselves, nothing lasts forever

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Talk to Taiwan... and Japan... for that matter talk to the People in HongKong.

Yeah... you should love them when they decide to flex their muscle...

Exactly... soon their hegemony will draw you into their geopolitical sphere of influence.