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This stuff is basic accounting. You don't need an MBA to get it.
No, but you do need the real numbers as to exactly how much the bailout was for, how much was paid back, and how much was allowed to be written off as bad debt.
The SEC has refused to release these numbers and when GM was under ownership, basically, but this administration, it did not publish the required annual report to include that information.
So, if we are to believe your postings we are also to believe you have access to information that now news agency or watchdog group has been able to obtain from the SEC? Really?
Sure it is when your company actually made the profits themselves. That is not the case with GM. GM should have never been bailed out. GM workers were making very good money..they should have saved. GM higher ups knew they were scre*ing the American people. They were laughing their butts off all the way to the bank.
Did they try to cut back on salaries, benefits, and bonuses "before" they got a bailout? No they did not. They were undeserving of a bailout. Help should only go to those who try and help themselves first.
I for one will never buy a GM again..they are an American company that set out to scre* over Americans and they still are
General Motors always had a good excuse for not trying and that was the UAW who had been leading the screwing of the people for so long. Now Government Motors is doing the screwing since the UAW owns more of the company than the tax payers who bailed them out.
Lets see now. If that all wasn't done to help that small part of the middle class you squeal about the rest of us I wouldn't mind but saving their jobs would have been enough for me without giving their union so much ownership of the company.
I have read enough of your one liners here that supposedly tell us something that now I must ask you to explain some of the real economics lessons you keep talking about.
Last edited by roysoldboy; 02-14-2011 at 12:54 PM..
Let me help you out. If you own $300 hares of a stock today and it tanks next week and goes to $150 is it still worth $300? No stock is worth anything until you sell it. No go outside and play.
Stock is worth exactly what it is worth at the moment you go check.
The possibility of future losses does not magically make an actual current profit disappear.
That reminds me. I should go sell my Beazer stock. It's still worth, what, 60 a share, right?
No need to sell it, historiandude says it will always be worth $60 a share. lol
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