Archive for June, 2009

Guantanamo Bay

Guantanamo Bay!

The U.S. are bringing in the Guantanamo Bay detainee’s one by one. I say this because the Justice Department just flow in Guantanamo Bay detainee Ahmed Ghailani to face trial. This is the guy that took part in the bombing of the U.S. embassies in Tanzania and Kenya. He also took part in the murdering of 224 people resulting from the bombings. This is a bad move by the Justice Department. This is all part of President Obama’s plan in getting the Guantanamo Bay camp shut down. He’s testing us, Obama is. He want’s to see what happens to his rating for allow this transfer. House Minority Leader John Boehner, R-Ohio said it best. He stated “the first step in the Democrats’ plan to import terrorists into America,” which he is 100 percent right. I sure hope the American people put their feet down and call for President Obama to stop this. We fight to keep our land safe, now we’re bringing these really bad people to our land on our dime, what’s wrong with this?

Chrysler Deal On Hold

Chrysler Deal On Hold!

Just before the deadline of 4 PM today Supreme Court Justice Ruth Bader Ginsburg put the sale of Chrysler to Italy’s Fiat on hold. The case brought against the deal are from a group of major secure bond holders of Chrysler. Right now bond holders are set to get about $.30 on the dollar. The order came done right before the deadline stating that the sale is “stayed pending further order.” What this means isn’t clear, nor is the time frame, but seems to be a temporary hold. Now Chrysler LLC is getting nervous, as well as the U.S government. Mainly because the Fiat Group SpA can drop out of the deal come June 15th. If the deal fails Chrysler might will have no choice but to liquidate. Me personally I don’t think they would liquidate their assets. I think they could get a better deal, and these bond holders feel the same way. I guess Obama will need to rethink the way he has been treating these bond holders. Remember Obama was the one who blamed the bond holders for the bankruptcy filling, maybe he should luck at himself for pushing the bond holders around. I think the bond holders will win this one, anyway I hope.

Ex CEO Of Countrywide

Ex CEO Of Countrywide!

Ex-CEO Angelo Mozilo of Countrywide is being charge with civil fraud and insider trading. And going down with him is former chief operating officer David Sambol and ex-chief financial officer Eric Sieracki. These three men should hang for what they did. They killed Countrywide, and now it’s time for them to hang for what they did. Countrywide was one of the big players in the subprime mortgage market, which ended up in the toilet. I really hope that the federal regulators stay after these three. The American people and the rest of the world is looking for people like them to pay for what they did. Their actions helped the crash of the U.S. markets, as well as the collapse of other world markets. So I say, don’t cut a deal with them, go for it all, put them away for a long time and take all their money.