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Yes....chapter 13.....sm

Posted By: m on 2008-10-29
In Reply to: o - shelly

just like a chapter 13 bankruptcy. Interesting analogy.....a president who would bankrupt our nation.

Any way, I urge you to read this and draw your own conclusions.


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no, no the whole chapter

if you will, so she can "make up her mind"  Hardee har har.


 


What's in a name? Chapter Two
SIDNEY
English (with possible FRENCH [oh my] origin) "wide meadow" (where the world's best Joe the Plumber pies are "grown").
European Union monarchy with socialist underpinnings, overrun with intellectuals and corrupt elite snobs. Fond of imperial royalty and colonial rule. Gender neutral, given to use by cross-dressing transvestites, shared by Sidney Poitier, uppity groundbreaking black actor in the 60s, just a tad on the young side to make McCarthy's Hollywood blacklist (gosh darnit!), former civil right activist and current human rights advocate. We are checking for pastor problems to see if there is anything there.

Hiddensource.com: You tend to be pretty tightly wound. It's easy to get you excited... which can be a good or bad thing. You have a lot of enthusiasm, but it fades rather quickly. You don't stick with any one thing for very long. You have the drive to accomplish a lot in a short amount of time. Your biggest problem is making sure you finish the projects you start. People can see you as stubborn and headstrong. You definitely have a dominant personality. You also have a very active imagination. You often get carried away with your thoughts.

You are prone to a little paranoia and jealousy. You sometimes go overboard in interpreting signals. At times, you can be a little flaky and irresponsible. But for the important things, you pull it together.

You are a free spirit, and you resent anyone who tries to fence you in. You are unpredictable, adventurous, and always a little surprising.

Secret source available on request, but only to those patriotic Americans I can trust to pay it forward in email campaigns.
GM considering Chapter 11 filing, new company

CHICAGO (Reuters) - General Motors Corp, nearing a Tuesday deadline to present a viability plan to the U.S. government, is considering as one option a Chapter 11 bankruptcy filing that would create a new company, the Wall Street Journal said in its Saturday edition.


"One plan includes a Chapter 11 filing that would assemble all of GM's viable assets, including some U.S. brands and international operations, into a new company," the newspaper said. "The undesirable assets would be liquidated or sold under protection of a bankruptcy court. Contracts with bondholders, unions, dealers and suppliers would also be reworked."


Citing "people familiar with the matter," the story said that GM could also ask for additional government funds to stave off a bankruptcy filing.


GM declined to comment, the story said.


General Motors and Chrysler LLC face a Tuesday deadline to file restructuring plans to the government in exchange for receiving $17.4 billion in federal loans.


Automakers have struggled as U.S. auto sales have tumbled amid a recessionary economy. U.S. auto sales in January tumbled to a 27-year low.
GM has been in talks with bondholders and the United Auto Workers union to get an agreement on a restructuring that would wipe out about $28 billion in debt for the auto maker, sources have told Reuters. However, it appears unlikely a deal could be reached by the Tuesday deadline, they said.


GM has already announced plans to cut 10,000 salaried workers worldwide, or 14 percent of its staff, impose pay cuts for most remaining white-collar U.S. workers and has offered buyouts to its 62,000 U.S. workers represented by the UAW.


In addition, it is trying to sell its Hummer SUV and Swedish Saab brands and is reviewing the status of its Saturn brand.


GM to Offer Two Choices: Bankruptcy or More Aid


General Motors Corp., nearing a federally imposed deadline to present a restructuring plan, will offer the government two costly alternatives:


commit billions more in bailout money to fund the company's operations, or provide financial backing as part of a bankruptcy filing, said people familiar with GM's thinking.


The competing choices, which highlight GM's rapidly deteriorating operations, present a dilemma for Congress and the Obama administration.


If they refuse to provide additional aid to GM on top of the $13.4 billion already committed they risk seeing an industrial icon fall into bankruptcy.


Some experts and members of Congress say bankruptcy reorganization ...