# GM bankrupt!!??? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 8, 2008, 9:51pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161 "2008-10-08T21:51:41Z")\ **Posts on this page:** 20\ **Page:** 25
**Author:** ![97\_B18b1](https://avatars.discourse-cdn.com/v4/letter/9/cdc98d/32.png) [@97\_B18b1](https://forums.speedlife.net/u/97_B18b1)\ **Post date:** [March 31, 2009, 12:22pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/481 "2009-03-31T12:22:01Z")
k, i fixed the one spelling error on the first line and read it out loud, (thats what ur supposed to do when proof reading something that will be read out loud). I am at a loss for words. I honestly think you are just avoiding a comeback. ---
**Author:** ![brent\_strong](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brent_strong/32/7203_2.png) [@brent\_strong](https://forums.speedlife.net/u/brent_strong)\ **Post date:** [March 31, 2009, 12:22pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/482 "2009-03-31T12:22:09Z")
![http://education.smarttech.com/NR/rdonlyres/60CF1202-DAC7-45AE-97A4-64280636C16F/0/whatIsAParagraph.gif](http://education.smarttech.com/NR/rdonlyres/60CF1202-DAC7-45AE-97A4-64280636C16F/0/whatIsAParagraph.gif) ---
**Author:** ![Sean\_Jon](https://avatars.discourse-cdn.com/v4/letter/s/a8b319/32.png) [@Sean\_Jon](https://forums.speedlife.net/u/Sean_Jon)\ **Post date:** [March 31, 2009, 12:25pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/483 "2009-03-31T12:25:48Z")
I’m glad that all you fucks think this is funny shit. The hell are you goin to do when 2000 people lose there jobs in Buffalo? ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 31, 2009, 12:26pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/484 "2009-03-31T12:26:59Z")
> [@97\_B18b1](#): > > I am at a loss for words. Correct ones anyway. :rimshot: ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [March 31, 2009, 12:28pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/485 "2009-03-31T12:28:00Z")
> [@Sean Jon](#): > > I’m glad that all you fucks think this is funny shit. The hell are you goin to do when 2000 people lose there jobs in Buffalo? I’m not going to do anything, actually. ---
**Author:** ![Moruitelda](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/moruitelda/32/5348_2.png) [@Moruitelda](https://forums.speedlife.net/u/Moruitelda)\ **Post date:** [March 31, 2009, 12:30pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/486 "2009-03-31T12:30:49Z")
> [@97\_B18b1](#): > > once again, ive re read that post several times now. if you cant decipher what it says than i guess you should try graduating middle school again. There is nothing wrong with it and i am still waiting for a rebutle (sp?). You are using my grammar as an excuse. yes i admit a few posts have been typed very quickly and i made some mistakes, i catch most of them but somtimes i have to edit them, so has everyone else here none of you are perfect either. Please try to refute what i said in the post. o also, i try to present my arguments in a kind and sensitive manner. But all i get is “your a fickin idiot” “what degree do u have” “you have no idea what ur talking about” etc. so i just decide to be an asshole right back. Now, was that post readable? Please, respond the post on the previous page or stop wasting my time, it is more than readable for anyone of average intelligence. Okay, here’s my problems with it, in true middle-school teacher form. -“Once again,” should be capitalized, as should all other words that start sentences in this paragraph. -You need to capitalize all instances of “I,” including in “I’ve,” which needs an apostrophe, since it’s a conjunction, as is “can’t,” since “cant” describes the tilt of something. -The word “re-read” should be hyphenated. -You were right, you spelled “rebuttal” incorrectly. -If you’re going to type the word “Oh,” make sure you don’t forget the ‘h.’ (1) No, the post still was not readable, because, in addition to the hardly exhaustive list of stylistic errors, you jump all over the place and don’t take the time to fully flesh out a point before getting distracted by something else. (2) No, I’m not using your grammar as an excuse, because I have only the slightest idea what you’re trying to argue. I understand that you think the free market is the ultimate economic good, but I haven’t seen why, other than subjective value judgments. You haven’t responded to my general theory that a hybrid system is better if it improves the overall quality of life of the people within the system, which is actually based on some rational considerations. (3) I don’t care about your degree if you can justify what you’re claiming, but you haven’t done anything but make assertions as of yet. (4) I don’t care if you’re an asshole, because I am too, whether or not you properly format your response, if I disagree substantially with you, and you cannot or will not provide rational grounds for your beliefs. (5) I will not respond to your post on the previous page until it’s formatted well enough to get you through middle school (that was the irony of your post, you said that people who can’t understand what you’re writing should try graduating middle school again, but I’m pretty sure that if you submitted work like that, you wouldn’t pass middle school English). ---
**Author:** ![brent\_strong](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brent_strong/32/7203_2.png) [@brent\_strong](https://forums.speedlife.net/u/brent_strong)\ **Post date:** [March 31, 2009, 12:31pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/487 "2009-03-31T12:31:10Z")
> [@Sean Jon](#): > > I’m glad that all you fucks think this is funny shit. The hell are you goin to do when 2000 people lose there jobs in Buffalo? Probably get another raise, since I was smart and moved the fuck out of NY. :grouphug: ---
**Author:** ![Moruitelda](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/moruitelda/32/5348_2.png) [@Moruitelda](https://forums.speedlife.net/u/Moruitelda)\ **Post date:** [March 31, 2009, 12:33pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/488 "2009-03-31T12:33:03Z")
> [@97\_B18b1](#): > > k, i fixed the one spelling error on the first line and read it out loud, (thats what ur supposed to do when proof reading something that will be read out loud). I am at a loss for words. I honestly think you are just avoiding a comeback. Here’s my point: > [@97\_B18b1](#): > > Okay, I fixed the one spelling error in the first line and read it aloud, (that’s what you’re supposed to do when proofreading something that will be read aloud). > > I am at a loss for words. I honestly think you are just avoiding a comeback. Try it like that. Or even better: > [@97\_B18b1](#): > > Okay, I fixed the one spelling error in the first line and went through and completely corrected my formatting errors. > > I am at a loss for words. I honestly think you are just trying to avoid a solid argument. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [March 31, 2009, 12:38pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/489 "2009-03-31T12:38:36Z")
> [@Sean Jon](#): > > I’m glad that all you fucks think this is funny shit. The hell are you goin to do when 2000 people lose there jobs in Buffalo? steal the money in their bank accounts ---
**Author:** ![97\_B18b1](https://avatars.discourse-cdn.com/v4/letter/9/cdc98d/32.png) [@97\_B18b1](https://forums.speedlife.net/u/97_B18b1)\ **Post date:** [March 31, 2009, 12:55pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/490 "2009-03-31T12:55:45Z")
> [@Moruitelda](#): > > Okay, here’s my problems with it, in true middle-school teacher form. > > -“Once again,” should be capitalized, as should all other words that start sentences in this paragraph. > -You need to capitalize all instances of “I,” including in “I’ve,” which needs an apostrophe, since it’s a conjunction, as is “can’t,” since “cant” describes the tilt of something. > -The word “re-read” should be hyphenated. > -You were right, you spelled “rebuttal” incorrectly. > -If you’re going to type the word “Oh,” make sure you don’t forget the ‘h.’ > > (1) No, the post still was not readable, because, in addition to the hardly exhaustive list of stylistic errors, you jump all over the place and don’t take the time to fully flesh out a point before getting distracted by something else. > > (2) No, I’m not using your grammar as an excuse, because I have only the slightest idea what you’re trying to argue. I understand that you think the free market is the ultimate economic good, but I haven’t seen why, other than subjective value judgments. You haven’t responded to my general theory that a hybrid system is better if it improves the overall quality of life of the people within the system, which is actually based on some rational considerations. > > (3) I don’t care about your degree if you can justify what you’re claiming, but you haven’t done anything but make assertions as of yet. > > (4) I don’t care if you’re an asshole, because I am too, whether or not you properly format your response, if I disagree substantially with you, and you cannot or will not provide rational grounds for your beliefs. > > (5) I will not respond to your post on the previous page until it’s formatted well enough to get you through middle school (that was the irony of your post, you said that people who can’t understand what you’re writing should try graduating middle school again, but I’m pretty sure that if you submitted work like that, you wouldn’t pass middle school English). Holy shit u still wont respond. I am to belive u cant read it because certain words arent capitalized? wow ---
**Author:** ![Moruitelda](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/moruitelda/32/5348_2.png) [@Moruitelda](https://forums.speedlife.net/u/Moruitelda)\ **Post date:** [March 31, 2009, 12:58pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/491 "2009-03-31T12:58:42Z")
> [@97\_B18b1](#): > > Holy shit, you still won’t respond. I am to believe you can’t read it because certain words aren’t capitalized? Wow. No, I’m not going to waste my time reading anything that’s that annoying to read. Just like if I hear someone speaking in a retard accent about astrophysics, I don’t stop to consider their opinion; if I see someone typing like a 12 year old who just got AOL, I automatically disregard their opinions on everything but current events in Dragonball Z. Maybe I’m spoiled by being a member of Something Awful for years, where they ban people who don’t know how to type. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [March 31, 2009, 1:02pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/492 "2009-03-31T13:02:30Z")
:drama2: I can’t wait for the airline bailout thread to fire up! ---
**Author:** ![97\_B18b1](https://avatars.discourse-cdn.com/v4/letter/9/cdc98d/32.png) [@97\_B18b1](https://forums.speedlife.net/u/97_B18b1)\ **Post date:** [March 31, 2009, 1:09pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/493 "2009-03-31T13:09:17Z")
looks like we arent gonna get anywhere here…i wont lose any sleep ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 31, 2009, 2:04pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/494 "2009-03-31T14:04:59Z")
> [@Moruitelda](#): > > No, I’m not going to waste my time reading anything that’s that annoying to read. Just like if I hear someone speaking in a retard accent about astrophysics, I don’t stop to consider their opinion; Good plan. ![http://www.telegraph.co.uk/telegraph/multimedia/archive/00441/news-graphics-2007-_441537a.jpg](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/e/6/e6019dc87cdbf04e4bfce11f06fcd5f9327e6669.jpeg) ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 31, 2009, 2:05pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/495 "2009-03-31T14:05:38Z")
FWIW, post #453 is the best post in this thread. :thankyou: ---
**Author:** ![Moruitelda](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/moruitelda/32/5348_2.png) [@Moruitelda](https://forums.speedlife.net/u/Moruitelda)\ **Post date:** [March 31, 2009, 2:06pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/496 "2009-03-31T14:06:43Z")
> [@Fry](#): > > Good plan. > > ![http://www.telegraph.co.uk/telegraph/multimedia/archive/00441/news-graphics-2007-_441537a.jpg](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/e/6/e6019dc87cdbf04e4bfce11f06fcd5f9327e6669.jpeg) Looks retarded and sounds retarded are two different things, Fry. :roflpicard: Good call though, I couldn’t have set that joke up better had I tried. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 31, 2009, 2:10pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/497 "2009-03-31T14:10:49Z")
:lol: :highfive: ---
**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\ **Post date:** [April 3, 2009, 9:24am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/498 "2009-04-03T09:24:34Z")
Just to add fuel to the fire… Perhaps GM bondholders are secretly trying to get GM to go bankrupt… Apparently, a fair amount of GM’s non-secured credit was insured against default by - you guessed it - AIG. And bankruptcy counts as a default on the loan/bond. And as the government said it would honor AIG’s credit-default contracts, the government would be on the hook for any bankruptcy - for the full amount of the loan. Therefore, the bondholders make out better when GM goes bankrupt than if they settle for stock swaps (pennies on the dollar), or negotiate anything down. > **[GM and AIG: Why bondholders might want bankruptcy](https://www.autoblog.com/2009/04/03/gm-and-aig-why-bondholders-might-want-bankruptcy/)** > > Before we begin, let us state clearly that this is speculation by Karl Denninger at The Market Ticker. Examining the various stakeholders' interests in General Motors, Denninger has come up with a scenario that supposes GM's bondholders might... ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [April 3, 2009, 9:34am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/499 "2009-04-03T09:34:48Z")
And the clot thickens. ---
**Author:** ![Moruitelda](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/moruitelda/32/5348_2.png) [@Moruitelda](https://forums.speedlife.net/u/Moruitelda)\ **Post date:** [April 3, 2009, 9:39am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/500 "2009-04-03T09:39:51Z")
> [@traumadog](#): > > Just to add fuel to the fire… > > Perhaps GM bondholders are secretly trying to get GM to go bankrupt… > > Apparently, a fair amount of GM’s non-secured credit was insured against default by - you guessed it - AIG. And bankruptcy counts as a default on the loan/bond. And as the government said it would honor AIG’s credit-default contracts, the government would be on the hook for any bankruptcy - for the full amount of the loan. > > Therefore, the bondholders make out better when GM goes bankrupt than if they settle for stock swaps (pennies on the dollar), or negotiate anything down. > > [GM and AIG: Why bondholders might want bankruptcy - Autoblog](http://www.autoblog.com/2009/04/03/gm-and-aig-why-bondholders-might-want-bankruptcy/) Not inconceivable. [Previous page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=24) [Next page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=26)