Page 93 - Liquidation News Today

As the financial crisis and the vicious recession collided with an industry that for too long had avoided hard choices, and hadnt fully adapted to changing times, we finally reached the point where 2 of the big 3 -- chrysler and gm -- were on the brink of liquidation. that left us with very few choices. one choice, one option, was to keep the practice of giving billions of dollars of taxpayer money to the auto industry, but not really forcing any accountability or change. so you just keep on kic...

An industry that for too long had avoided hard choices, and hadnt fully adapted to changing times, we finally reached the point where two of the big three, chrysler and gm, were on the brink of liquidation, and that left us with very few choices. one choice, one option was to keep the practical of giving billions of dollars of taxpayer money to the auto industry, but not really forcing any accountability or change. so you just on kicking the tough problems down the road year after year and hopef...

Funded bailouts period. >> you heard the president, toby. period? >> its a new use of the word period. look it, we have fannie and freddie mac, thats a disaster and a trillion dollar bailout and people say that ends the story. no, it doesnt. fha and jenny mae. and the unemployment fund weve extended another 60 weeks thats run out of cash and has to borrow moneys and the states are supposed to pay them back. theyre not going to be able to. we have a bailout for newspapers on the list, are you kid...

Gm and chrysler then announced more than 2,000 closures. now the criticism saying that these dealerships were closed too fast without putting enough thought into it. >> so whats the governments response? whats going to happen now? >> well, the government is saying without us, without this plan it would have been a lot worse. so heres what the government is saying. gm and clis sler faced almost certain failure and liquidation which would have resulted in the loss of hundreds of thousands of ameri...

Came back with highly accelerated termination schedules use bankruptcy to get around laws to close more than 2,000 dealers. basically what our audit did was look into the decision-making for that process and found, one, they didnt do the necessary diligence or review to make the determines it would be necessary for the auto companies 0 ongoing viability for them to have to accelerate the terminations and second, they didnt consider the broader economic impact, the fact potential 100,000 jobs cou...

The country. we need to create jobs. >> its not just small family owned businesses contemplating liquidation. george steinbrenner died tuesday, if he passed away six months from thousand, his heirs could be forced to sell off the franchise. ernie sanders with his own state tax proposal on the hill says its time to get tough. >> its absurd we are giving tax breaks to millionaire and billionaire and people are saying oh, were terribly worried about the deficit. >> bipartisan measure from kyl and l...

The country. we need to create jobs. >> its not just small family owned businesses contemplating liquidation. george steinbrenner died tuesday, if he passed away six months from thousand, his heirs could be forced to sell off the franchise. ernie sanders with his own state tax proposal on the hill says its time to get tough. >> its absurd we are giving tax breaks to millionaire and billionaire and people are saying oh, were terribly worried about the deficit. >> bipartisan measure from kyl and l...

Any sort of panic so theres got to be something there. were trying to get some information on that. when a company like procter & gamble goes down 25% in a matter of minutes its just not normal. >> all right. brian shactman dont go anywhere. stay with us. dylan, bringing you in on this. >> here is most likely what is going on. i dont know this but there is enough evidence that would point to this. most likely there is a large investment firm that has a meaningful exposure, large hedge fund, larg...

Catalyst most likely or something like that to begin this type of selling. so imagine youve got a large investment firm upside down, has the wrong position because theyve bet the wrong way effectively on something. most likely a macro bet having to do with western europe and greece although it could be a number of things. and that you got yourself into a situation where there was a forced liquidation today of that fund or a portion of that fund. that then in combination with the images from gree...

Opposing this but they have rolled over on this because its democratic proposal. >> bret: to hear senator shelby talk about it, the chief negotiators from republicans, theyre close but the consumer part is a big hurdle. he calls it the most intrusive and sweeping pieces of legislation this country has ever seen. that is a bold statement. >> it is. the list of problems that the republicans have with the bill is growing. its not shrinking. though everyone is talking about how a deal is immigrant a...