A “LOST” Christmas & new LOST trailer….

Courtesy of teamwwk:

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December 29, 2008. Tags: , , , . Entertainment, Fantasy, Popular Culture, Sci Fi. Comments off.

GMAC gets 5 billion in TARP aid…

Ladies and Gentlemen, start your car-buying engines….A few days after receiving the newly coveted ‘bank-holding’ status from the FED, GMAC has now been approved for an additional 5 billion in aid via the TARP as well as an additional 1 billion directly to GM…

Via Politico:

Stepping into deeper waters to help the auto industry, Treasury Monday night added $6 billion to the $17.4 billion bailout announced Dec. 19, chiefly to help the financial arm of General Motors Corp.

Using financial markets rescue funds, Treasury will purchase $5 billion in senior preferred equity from GMAC LLC, and up to $1 billion more will be lent to GM itself so the automaker can participate in a rights offering at GMAC, which has wanted to reorganize itself as a bank holding company.

GMAC won approval from the Federal Reserve last week to become a bank holding company, but that was contingent on the auto and home loan provider raising at least $30 billion in capital. Treasury’s announcement would appear to move GMAC closer to that goal, and a GM spokeswoman was optimistic Monday night.

Still nada, zip, zilch for homeowners from Paulson…I would suggest anyone wanting a vehicle free of Congressional engineering standards buy now…HA!! Or take your chances on getting a Homer post Pelosi take-over….take a drive down your Miracle Mile of auto dealerships, we did yesterday and three of 10 are now empty lots,  including Jaguar…

thehomer

Breakdown on the stake taken by Treasury via CNN Money:

Under the agreement announced Monday to buy the senior preferred equity, GMAC must be in compliance with parts of the law Congress passed to bail out Wall Street.

GMAC will issue warrants to Treasury in the form of additional preferred equity in an amount equal to 5% of the preferred stock purchase that will pay a 9% dividend if exercised.

-snip-

The loan of up to $1 billion will be exchangeable at any time, at Treasury’s option, into the GMAC equity interests being acquired by GM in the rights offering. The loan will be secured and will have other terms and conditions. The ultimate level of funding under this facility will be dependent upon the level of current investor participation in the rights offering at GMAC.

December 29, 2008. Tags: , , , , , , , , , , , , , , , , , . Big 3, Economy, Labor Department, TARP, Unemployment Statistics, Wall St. 3 comments.

BSG Webisodes: The Face of the Enemy Parts 4-6

Courtesy of InfinitoPerdido

Webisode 4

Webisode 5

Webisode 6

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December 29, 2008. Tags: , , , , , , , . Battlestar Galactica, BSG, Fantasy, Popular Culture, Sci Fi. Comments off.

We’re Baaaaack!!! You Know Caroline Kennedy PEBO Remix….

and Caro flying solo You Know…

December 29, 2008. Tags: , , , , , , , , , . Economy, Hillary Clinton, Obama Administration, Politics, Popular Culture, Wall St. 2 comments.

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