Originally Posted By: thedoctor
 Originally Posted By: Matter-eater Man
 Originally Posted By: thedoctor
Yes, I know that that's Obama's talking point. As I already pointed out and your article as well:

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So you say they were not holding out for more bailout money despite the fact that they indeed were. They didn't come to the table asking for bankruptcy but asked for more bailout money after refusing several offers Doctor.


They were looking for more money, yes. The government could have offered them a larger stake in the reformed company, but didn't. They felt they could make more money in bankruptcy. The hedge funds have a responsibility to their investors to make them the most money. These are the same investors you and whomod were crying over when Wall Street tanked after the first financial bailout was voted down because they lost money in their retirement accounts. But now that Obama and the Dems want to push through a certain plan, you don't give a fuck about them.


So now you have my position being about protecting certain investors despite what I posted about my general concerns about the auto industry being important for the American economy? Very G-man of you Doc. You mistated that these hedge funds didn't want the bailout money and now I guess it's my turn. I don't blame them for trying to get more bailout money but I don't think their entitled to better treatment than the other investors. If there was a case to be made where it was in the best general interest for the government to give them more lets here it.

Fair play!