H/D loan bailout

CasterTroy · 11-30-2009, 12:18 PM

http://motorcycledaily.com/25november09_hdcreditarm.htm

Quote:

The struggling Goliath that is Harley-Davidson took a spoonful of government-aid elixir on November 23rd. A group of investors are using $562 million in TALF-which stands for Term Asset-Backed Securities Loan Facility, if that helps you at all-funding to underwrite a huge bond deal. The bond terms vary between one and three years and are backed by the Federal program.

H-D's flagging profits have been further diminished by the blows dealt to HDFS, Harley's financing arm (which has been hit hard by the recession and has already borrowed money at very high interest rates from private investors). TALF makes H-D bonds attractive and carry a low interest rate, because the funds are backed by the Federal Reserve bank. That money should be used to finance motorcycle purchases and, hopefully, spur the Motor Company into solid black ink again.

In other H-D news, subsidiary MV Agusta-up for sale-will be brokered by Italian investment firm BNP Paribas. Despite the exotic-bike maker's new model releases, it's still hemorrhaging money. When it does sell, it'll probably go for a lot less money than the $109 million H-D paid for it in July of 2008

OK I have to ask: If 1/2 the kids in the US will be on food stamps....and 1/2 the companies suckin at the gov teet for funds......where's this money coming from?

Nancy? (Pelosi) PLEASE save us all

Tmall · 11-30-2009, 12:21 PM

Fuck them. I hope they tank.

See how that works? They didn't give a shit about me, I don't give a shit about them.

I hope the name becomes illegal to be spoken. Bunch of fags.

101lifts2 · 11-30-2009, 04:26 PM

Where does it end? Seriously...

JoshuaTree · 11-30-2009, 07:43 PM

Quote:

Originally Posted by 101lifts2

Where does it end? Seriously...

Slavery. What you get for allowing indentured servitude via Income Tax.

Acutally, it'll likely end at "Soviet Socialism" - a truly managed economy.

Time to refresh the Tree of Liberty, methinks...

unknownroad · 11-30-2009, 08:20 PM

Quote:

Originally Posted by 101lifts2

Where does it end? Seriously...

When the printing presses break down, and there aren't enough hard funds left in the Treasury to get new ones shipped in from overseas.

Kaneman · 11-30-2009, 09:30 PM

Quote:

Originally Posted by JoshuaTree

Time to refresh the Tree of Liberty, methinks...

Did you just drop an Ed Harris quote?

goof2 · 11-30-2009, 10:55 PM

Quote:

Originally Posted by Kaneman

Did you just drop an Ed Harris quote?

Ed Harris said it in "The Rock", but the writers of the movie didn't come up with it. It is a Thomas Jefferson quote.

Kaneman · 12-01-2009, 12:07 AM

Quote:

Originally Posted by goof2

Ed Harris said it in "The Rock", but the writers of the movie didn't come up with it. It is a Thomas Jefferson quote.

lol, I know, that's what its about.

goof2 · 12-01-2009, 01:48 AM

Quote:

Originally Posted by Kaneman

lol, I know, that's what its about.

Wasn't sure so I thought I would mention it.

11-30-2009, 04:26 PM	#3
101lifts2 WSB Champion Join Date: Nov 2008 Location: Anaheim, CA Moto: 2009 Kawi ZX6R Posts: 5,570	Where does it end? Seriously... __________________ Train Hard Ron Paul - 2012 Mark of Excellence GM

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11-30-2009, 12:21 PM	#2
Tmall Aspiring Rapper Join Date: Nov 2008 Location: Halifax, NS Moto: '12 CB1000R Posts: 3,569	Fuck them. I hope they tank. See how that works? They didn't give a shit about me, I don't give a shit about them. I hope the name becomes illegal to be spoken. Bunch of fags.