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View Diary: A Bankruptcy Lawyer (Me), Corrects Factcheck.Org On the Auto-Bailout (Updated, re Private Funding.) (157 comments)

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  •  Here is the "non-quote" you can't speak to, most (1+ / 0-)
    Recommended by:
    VTCC73

    recently republished in Chris Isidore's column in CNN Money, two days ago,

    Steve Rattner, the Obama administration car czar at the time, said in his own New York Times op-ed piece that the administration tried to find private financing, but that "not one (would-be lender) had the slightest interest in financing those companies on any terms."
    emphasis added by me
    but referencing Rattner's own op-ed from 3 years ago. I won't waste one of my 10-per-month links obtaining the original for you; having pointed the way I feel sure you can do that for yourself.

    Since you affect* to be such an expert on how obtainable credit was in early 2009, you no doubt understand that Rattner's statement, including the phrase "on any terms," meant that the government was offering guarantees when he first shopped the idea of private equity to potential lenders. Why else would the new auto czar even call them up, since (if they didn't need a government loan guarantee) they would otherwise be offering loans on their own rather than waiting to pay the fee for a government guarantee?
    ____________
    * I use the word "affect" because I have a hard time believing a real expert would mix the circumstances for his own large company and those of two destitute giants at the start of a deep recession. Your premises, based on your claimed personal experience, don't pass the smell test. I suspect you know better. This comment is only for any readers who might have taken you seriously.

    Enough fossil fuel remains on Earth to warm it 6 degrees C by 2100 AD if it is all used. A +6 C planet will only sustain half a billion humans. Human population will rise to 9 billion by 2050. Any questions?

    by davidincleveland on Thu Oct 25, 2012 at 06:12:24 PM PDT

    [ Parent ]

    •  I'd ask for clarification. (0+ / 0-)

      You're assuming Rattner also meant financing guaranteed by the government.  Not surprising; you have not one scrap of data to back up your silly take on what obvious hyperbole.

      I don't need the original; it's just common courtesy to provide at least a citation and a quote in order for others to view the context.

      •  Only two kinds of persons would assume anything (0+ / 0-)

        different.

        You're assuming Rattner also meant financing guaranteed by the government.
        One kind is too stupid to function in the real world. The other kind has made his mind up
        I don't need the original...
        and doesn't want to be troubled with facts. Something else you're apparently unaware of; around here, if you want to be taken seriously when trashing all or any part of a diarist's efforts, you yourself must post links containing evidence that support's your counter-argument in that diary.

        If you want to go linkless and merely offer your own unsupported opinion, you need to write your own diary. Then we can all enter your diary and bombard you with links demonstrating your own silliness. I shall ignore any reply from you here (absent actual links) because your unsupported assertions and opinions aren't worth the effort of replying to your ignorance and bad manners.

        Enough fossil fuel remains on Earth to warm it 6 degrees C by 2100 AD if it is all used. A +6 C planet will only sustain half a billion humans. Human population will rise to 9 billion by 2050. Any questions?

        by davidincleveland on Fri Oct 26, 2012 at 07:15:30 AM PDT

        [ Parent ]

        •  Three kinds. (0+ / 0-)

          One who isn't oppressed by pitiful handwaving and dishonest quoting.  You've been provided evidence that your position is rank nonsense.  Here it is again.  Feel free to respond or not.

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