Bailing Out Private Equity?

youth, too funny!  If the Russians weren't having their own problems right now, they'd be smiling at the U.S. misfortunes wouldn't they?

And Henry Paulson has a new Lenin Jacket and Cap. :) Mt Rushmore will now be changed to feature the faces of Marx, Lenin Mao and Paulson. The White Star on all Wal*Mart's will now be changed to red and they will be known as Wal*Mao's Little Red books will be given away by evangelical Maoists at the doors. 

@tgolferman Seems Russia literally own all that Chrysler plant equipment now and carried it off home, as they have expertly done in the past, (like in China WW2) Gaz Volga = Chrysler Sebring :) Maybe the Russians could deliver some trabants to the US market to fill that small car gap :) 

LINK

I don't disagree pole.  These guys have run aground the U.S. Economy.  However, are we going to throw out the baby with the bath water?  My low end prediction of the DJI on my other article will certainly need to be revised downward, if we are to allow such massive amounts of job loss to occur.  Do you notice the medical industry doesn't appear to be suffering all too much during this crisis?  Where do you think much of the private money in Cerebus might come from?  Medicine maybe?  We've given them the keys to the kingdom and they're going to get as much as they can get before we regulate them and make them operate more like Switzerland, U.K., Taiwan, or Japan.

pole, I don't think tgolf wants Cerberus investors bailed out.  Everything you read of his says he doesn't want that.  He is right on one point though.  Chrysler was bailed out in the Iacoca days because of National Defense issues in large measure.  Are we going to allow all the destructive aspects of deregulation to destroy businesses that have been the foundation of our economy?  Alan Greenspan in Congressional Testimony just admitted that deregualtion doesn't work, yet we are seeing nothing done about it and we are continuing business as usual with our free (deregulated) trade partners.

I agree that we need to extend unemployment benefits and fund a works project, but who's going to pay for the unemployment?  Small Business Owners have to pay into the Unemployment Insurance pool yet they cannot collect unemployment from the fund.  From what I understand, a small business owner if forced to close his or her business would have to get a job and then if they lost that they would be able to collect at that point based upon what got paid in for them and their salary at that new job.  What do you propose to do for the small business owner that can't get unemployment benefits unless he can find a job in the current job market if forced to close?  With a tough job market there may be a lot of small business owners left out in the cold.

 Union workers need to take pay cuts, but not financial executives whose firms are being bailed out with taxpayer funds? I think it's a disgrace.

Yes, it's never about rescuing jobs.  Is it. 

And it is a cheap shot by anti-labor fans, clamoring for unions to make concessions, evermore, and never blame the unconscionable business practices, or executives themselves, whom earn their bread and butter on the backs of the poor zhlubs thereby making it possible, via production, for stockholders to earn dividends on their investments.   It makes one's blood boil, to see such reckless and imprudent management.

Good for you, with faxes it's easier to count reaction by the size of the stack!!  *smirk*

Thanks for that link; it's great to see we the people have the chance to stay involved. 

Hmmm Interesting YIA It would appear that mr Obama is using the "Explain it to the people" model of government. This is known to work, and has been demostrated in experiments in the work place too. Notable statesmen who use this model would be in Asia, Paul Keating, and Russia's Vladamir Putin is also an exponent of this type of government. Putin Had a 90% approval rating and most Russian wanted him to have a third term. 

I think this will work for Mr Obama, good luck to him anyway. 

The European insurance Giants, that control 80% of the worlds credit "Insurance". (Fancy name for collection agencies, IMO.)

While this doesn't bode well for Ford and GM, it primarily affects their European Operations.

Of the 3 companies listed, "Euler Hermes, Atradius and Coface", they or their parent/partner companies .. having suffered significant losses in the past year in stock values and writedowns. It would be natural that they would try to stem the tide.

But this will mean that the US car companies will have to pay cash for the products they outsource, and cash is something none of them have 

I agree polecolaw, The public desperately needs to be properly informed about this. Any bailout, taxpayer funded or not, IMHO is a waste of money. These companies will fall, delaying the inevitable is surely just another rort, paying off the CEO's multi-million $ contracts, and the workers will get a letter saying they have no health care, no 401k and no job. Perhaps we should call this bailout  "Grand Theft Auto"