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Tag Archive for 'federal'Compuware CEO reminds Shelby of Alabama’s foreign aid December 12th, 2008 by DaveAdmin
Note: The following letter was sent on Nov. 17 from Peter Karmanos, Jr., chairman and CEO of Compuware Corporation, to U.S. Sen. Richard Shelby, R-Ala., a critic of bridge loans for American automakers. House Republicans manage to convert automaker bailout to bank profits December 10th, 2008 by DaveAdmin
A new House bill spearheaded by Republicans replaces $15 billion in direct government loans to automakers with a $14 billion loan insurance program to be partly funded by the automakers. This would presumably loosen credit to automakers while assigning much of the risk to the American taxpayers, and providing large profits to banks which would [...] Alternatives to loans for Detroit automakers December 5th, 2008 by DaveAdmin
Senate Republicans - not all of them, but a vocal majority - made it clear over the past weeks that they felt Detroit was filled with dinosaurs who couldn’t make a good car if their lives depended on it. They blocked attempts to get emergency loans with reasonable conditions (5% interest, and no merging or [...] Why GM doesn’t want to go bankrupt November 17th, 2008 by DaveAdmin
Senator Shelby, who refers to American automakers as dinosaurs making cars nobody wants (ignoring the domestics’ current market share and critically acclaimed vehicles such as the Chevy Malibu and Dodge Challenger), has suggested that the automakers should simply go bankrupt. Numerous other analysts have suggested this path, mainly as a way to avoid paying pensions [...] Another quick explanation for November 4 October 25th, 2008 by DaveAdmin
Much has been written about how the Chrysler-GM-GMAC-Cerberus deal (in reverse order of profitability) is slated to occur by November 4. Not much has been written about the reasons, though I proposed the only sensible (to me) explanation a few days ago - that any news coming out on November 4 would be largely ignored. [...] |
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