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Macquarie Infrastructure Corporation Message Board

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  • wareham2620 wareham2620 May 19, 2009 9:39 PM Flag

    Question for the bean counters.

    Same thing just differant.Now our U.S. government would be the majority shareholder of our businesses.

    Obama off to a good start.
    > Under President Obama's budget submitted to lawmakers,
    > wireless carriers such as Verizon, AT&T and Sprint would
    > be hit with huge fees for the right to hold a spectrum
    > license. The fee per carrier would be $50 million this year
    > and eventually rise to $500 million per carrier, per year
    > within a decade. Users fear carriers will add the new fee to
    > phone bills.
    > The Obama administration Feb. 26 proposed to tax wireless
    > carriers as much as $550 million per year for the right to
    > hold a spectrum license. The fee would be in addition to the
    > billions carriers have already paid in spectrum auctions
    > held by the FCC (Federal Communications Commission).
    > Under the budget outline provided by the Obama
    > administration, the new fees would be used to help reduce
    > the $1.7 trillion national deficit. The proposal before
    > Congress would charge carriers like AT&T, Verizon and
    > Sprint $50 million this year. The fee per carrier would jump
    > to $200 million in 2010 and eventually rise to $550 million
    > by 2019....
    Shareholders Be Damned!

    How the Washington gang brought Ken Lewis to heel and forced Bank of America to go through with its acquisition of loss-ridden Merrill Lynch. If everything's coming up roses, why are corporate insiders selling?

    Background: The Auto Task Force from the Obama administration announced yesterday that for Chrysler to receive more government aid it must be on the condition of a Chrysler and Fiat merger. The merger would make Chrysler-Fiat the world’s sixth- largest auto company by vehicle sales.

    Chrysler has stated that a framework for a merger has been agreed to in principle in January, but “substantial hurdles” remain.
    The initial plan holds that Fiat takes a holding of 20% in Chrysler, and ultimately limited to a 49% stake, a person familiar with the alliance plans said. If the deal goes through Fiat is also rumored to want to start making Fiat models in the U.S.

    Within the 30 day period the Task Force is looking for Chrylser must merge with Fiat, develop a new business plan and enter a government-orchestrated bankruptcy to eliminate Chrysler’s debts

    Within this 30 day period will Chrylser be able to accomplish this first set of goals laid out by the Obama administration?


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