ST Alpha - "GM should file and the government should provide the DIP financing if nobody else will (or provide guaranties to do the DIP). The government should " (Reading a Post)

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GM should file and the government should provide the DIP financing if nobody else will (or provide guaranties to do the DIP). The government should

Posted by pmb (aka pmb) Nov 17 '08, 13:34

lean on some of these lenders they're giving money to to fund the DIP.

Responses:

Unfortunately, Hank Paulson and crew have shown they either aren't interested or don't know how to force the lenders - Brian Nov 17, 13:41 2
- I agree they have been bad about imposing conditions, but I think if they were willing to provide guaranties they might have some luck. And I really - pmb Nov 17, 13:47
- The bank takeovers are also very leveraged banks buying up stable/unexposed banks. To decrease their overall liability/exposure. -- nm - VMan Nov 17, 13:43
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