$this->bbcode_second_pass_quote('Thralen', 'S')aturn is a GM subsidiary and my wife and I both own them. Wonderful cars, very little non-standard maintenance on either so far (lift struts on the hatches and a wiper motor burning out) and we've owned them for four years or so. So, assuming the Saturn branch stays with GM (and stays in existence) I'd at least buy their subsidiary again.
Thralen
PeakOil is You
THE General Motors Thread pt 3
Re: Would you buy a GM automobile?
by dunewalker » Sat 06 Jun 2009, 19:18:18
I understand that Penske is buying Saturn from GM. It appears that this is the only intelligent move being made now in the US automobile industry. Penske, if he's/they're lucky, may actually pull this off. Two good names.
http://www.bloomberg.com/apps/news?pid= ... refer=news
"Wilderness is another civilization apart from our own." - H.D. Thoreau
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dunewalker - Heavy Crude
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"Skin in the game" or getting skinned like GM bond holders?
by the48thronin » Tue 06 Oct 2009, 01:07:42
$this->bbcode_second_pass_quote('', 'I')STANBUL - Ensuring secured creditors face losses when a financial institution fails could help rein in excessive risk-taking and strengthen the financial system, a top U.S. banking regulator said.
Federal Deposit Insurance Corp Chairman Sheila Bair told a group of international bankers on Sunday that officials might want to consider "the very strong medicine" of limiting secured claims to 80 percent, although she said such a proposal would need to be carefully weighed.
She said curbing claims would encourage secured creditors, who are protected from losses when a bank fails, to more closely monitor the risks a bank is taking and could speed up the process when an institution needs to be wound down.
"This could involve limiting their claims to no more than say 80 percent of their secured credits. This would ensure that market participants always have 'skin in the game'," Bair told a meeting of the Institute of International Finance here.
Federal Deposit Insurance Corp Chairman Sheila Bair told a group of international bankers on Sunday that officials might want to consider "the very strong medicine" of limiting secured claims to 80 percent, although she said such a proposal would need to be carefully weighed.
She said curbing claims would encourage secured creditors, who are protected from losses when a bank fails, to more closely monitor the risks a bank is taking and could speed up the process when an institution needs to be wound down.
"This could involve limiting their claims to no more than say 80 percent of their secured credits. This would ensure that market participants always have 'skin in the game'," Bair told a meeting of the Institute of International Finance here.
http://www.ibtimes.com/articles/20091005/ubanking-regulator-eyes-bank-creditor-claims.htm
Malthusian Riders Member!
Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
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the48thronin - Tar Sands
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Re: "Skin in the game" or getting skinned like GM bond holders?
by PWALPOCO » Tue 06 Oct 2009, 07:00:40
Just from a laymans view point .... I thought the idea of being a secured creditor was based around risk/reward.
If you wanted low risk, be a secured creditor, BUT you have a lower reward, it doesnt pay so well ?
If you wanted more "reward" you take on more risky investments.
A secured creditor already had a different version of "skin in the game" because they were prepared to take a smaller return on their investment.
I think if they are going to have to take a loss when things go wrong they are going to want a much higher return and this may make this avenue of financing more expensive for entities that need the money.
Like I said, just a laymans viewpoint ....
Paul
If you wanted low risk, be a secured creditor, BUT you have a lower reward, it doesnt pay so well ?
If you wanted more "reward" you take on more risky investments.
A secured creditor already had a different version of "skin in the game" because they were prepared to take a smaller return on their investment.
I think if they are going to have to take a loss when things go wrong they are going to want a much higher return and this may make this avenue of financing more expensive for entities that need the money.
Like I said, just a laymans viewpoint ....
Paul
All that it takes for evil to triumph is for good men to do nothing.
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PWALPOCO - Lignite
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Re: "Skin in the game" or getting skinned like GM bond holders?
by TreeFarmer » Tue 06 Oct 2009, 12:22:52
When I see "secured creditor" I think; secured by what? Secured by the hard assets of the firm? Secured by a guarantee to get paid first?
I do like where the person is headed with their logic though, nothing is without risk.
TF
I do like where the person is headed with their logic though, nothing is without risk.
TF
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TreeFarmer - Tar Sands
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Re: Would you buy a GM automobile?
by yesplease » Wed 07 Oct 2009, 17:28:27
$this->bbcode_second_pass_quote('mos6507', 'F')ord Prodigy was a diesel hybrid and by the looks of it, the diesel hybrid powertrain had a lot more to do with the mileage than the aero.
It's not about diesel vs gas. Hybridization optimizes both, so at best I think we're looking at a 10+% difference. The Prodigy is just way smaller than the Fusion. It probably had lower rolling resistance, about 30% less weight, and about 40% less drag as was mentioned. Hell, it makes the Prius look like a pig, and that pulled ~65mpg combined in th unadjusted EPA combined test.$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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yesplease - Intermediate Crude
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Lets see,,, Six Billion divided by ten million per golden parachute would set up six hundred top execs in good shape on average. I'm surprised that they still have that many top decision makers at the trough. 
