« September 28, 2008 - October 4, 2008 | Home

Week of November 30, 2008 - December 6, 2008

Bridge Loan for Big 3???


OK.  Enough of the smokescreen and verbal subterfuge.  This meme that all the Big 3 are asking for is a "bridge loan" is crap.

A bridge loan connects two events, and is required because of a timing mismatch between the two events.  Hence the name bridge, because it spans that time mismatch.

So exactly waht are the two events that this BAILOUT is bridging?  And what is the collateral that ensures repayment.

This is a business deal.  Let's take off the ideological blinders and treat it as such.  The first step is to answer the above two questions.
« September 28, 2008 - October 4, 2008 | Home

chophouse

user-pic

Following:
Followers:

Posts
Comments & Recommends


Favorites

All Reader Posts
How to use myTPM

Advertise Liberally
Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address