Comments on: GM Hires Advisors to Prepare for Possible Bankruptcy Filing http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for.html Mon, 23 Nov 2009 06:07:28 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Dave http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for.html#comment-29020 Dave Fri, 12 Dec 2008 04:58:00 +0000 http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for-possible-bankruptcy-filing/#comment-29020 How can TARP funds legitimitely be used to bail out GM, especially in the face of rejection of the auto bailout package in the senate? I just can't see it happening.<br/><br/>What the TARP could do (and may well have to) however, is cover the CDS transactions that are triggered as a result of a GM bankrupcy. How can TARP funds legitimitely be used to bail out GM, especially in the face of rejection of the auto bailout package in the senate? I just can’t see it happening.

What the TARP could do (and may well have to) however, is cover the CDS transactions that are triggered as a result of a GM bankrupcy.

]]> By: lineup32 http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for.html#comment-28990 lineup32 Fri, 12 Dec 2008 02:03:00 +0000 http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for-possible-bankruptcy-filing/#comment-28990 The South VS the North and West. An old story in American politics and the Senate is the last chance for the South to hold any of its remarkable economic benefits from the Federal Gov't. The Republicans represent the South and they are up againist a large group of Democrats looking to take whatever gov't spending spoils they can redistribute so the 60 votes in the Senate look to be the main leverage the Republicans have and I am sure during this period they are making sure that if the Democrats want a bailout bill then the South will keep its gov't entitlements. The South VS the North and West. An old story in American politics and the Senate is the last chance for the South to hold any of its remarkable economic benefits from the Federal Gov’t. The Republicans represent the South and they are up againist a large group of Democrats looking to take whatever gov’t spending spoils they can redistribute so the 60 votes in the Senate look to be the main leverage the Republicans have and I am sure during this period they are making sure that if the Democrats want a bailout bill then the South will keep its gov’t entitlements.

]]> By: john bougearel http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for.html#comment-28989 john bougearel Fri, 12 Dec 2008 01:45:00 +0000 http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for-possible-bankruptcy-filing/#comment-28989 I could be way wrong, but the impact near term could be quite volatile for crude oil, bonds, and equities. <br/><br/>If we think back to the impeachment of Nixon, huge negative for the stock market. If we think back to the oil embargo, the stock market received a 20% haircut in 6 weeks, and I can't tell you what happened to the crude oil cash markets, only because I don't have the data any more, but the spike up was impressive, imagine the inverse happening with the spike in more jobs lost. <br/><br/>Of course, if they pass the legislation, none of these volatile spikes will come to pass. but if it does.... I could be way wrong, but the impact near term could be quite volatile for crude oil, bonds, and equities.

If we think back to the impeachment of Nixon, huge negative for the stock market. If we think back to the oil embargo, the stock market received a 20% haircut in 6 weeks, and I can’t tell you what happened to the crude oil cash markets, only because I don’t have the data any more, but the spike up was impressive, imagine the inverse happening with the spike in more jobs lost.

Of course, if they pass the legislation, none of these volatile spikes will come to pass. but if it does….

]]> By: Scott http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for.html#comment-28985 Scott Fri, 12 Dec 2008 00:56:00 +0000 http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for-possible-bankruptcy-filing/#comment-28985 I love to wander over from CalculatedRisk, and I was thrilled to hear you on Warren Olney's show today. I don't have anything to offer on these stories, other than my overwhelming impression of the posturing going on in the Senate is all about breaking the unions. I love to wander over from CalculatedRisk, and I was thrilled to hear you on Warren Olney’s show today. I don’t have anything to offer on these stories, other than my overwhelming impression of the posturing going on in the Senate is all about breaking the unions.

]]> By: juris_res http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for.html#comment-28984 juris_res Fri, 12 Dec 2008 00:42:00 +0000 http://www.nakedcapitalism.com/2008/12/gm-hires-advisors-to-prepare-for-possible-bankruptcy-filing/#comment-28984 That is merely a posturing move on the part of GM--no different than a spoiled child holding his breath to get something. That is merely a posturing move on the part of GM–no different than a spoiled child holding his breath to get something.

]]>