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Help is voluntary action.
Confiscation of property by force and redistributing to a favored comrade would only be deemed "help" in N Korea, China, etc.
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.
This is just dumb.
GM is a publicly traded company.
Their complete financial record is public by law. They release the details quarterly.
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.
You really have a thing for time travel.
It ain't a check my friend. The value contstantly changes. One minute makes the actual current profit change. You should really stay out of the stock market and this conversation too.
It is EASY to make a profit when you can shift your legacy pension obligations to the US taxpayers and stiff your creditors under the guise of "New GM".
Didn't work. No profit sharing for this bondholder/shareholder. Something about it being worthless. That's impossible! The ticker is "GM", I know I own it, and I've been a loyal shareholder since 2004! They told me my bonds weren't worth anything either. Don't know how that's possible, they're still in business and out of bankruptcy.
They have paid back all the money they were loaned, though. They owe nothing more.
PROVEN WRONG...see my links.
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And when it's the middle class that gets bonuses, it's the right wingers who show up with torches aflame.
A fascinating difference, don't you think?
The only thing fascinating is the contradiction of the Left.
For ONE thing, the Wall Street guys work on a commission paid in bonuses at the end of the year. They COUNT on those bonuses as that is a major part of their total salary.
What GM is giving is profit sharing which is totally different especially when the company still owes the taxpayers back money.
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I am a capitalist. I believe profit sharing is always a good thing.
It's a good thing when the company is not in arrears with people that loaned them money!
Weren't you Lefties screaming about Wall Street paying their commission bonuses because they were playing with taxpayer's money?
Surely you realize what was meant by that statement about them having to pay income taxes. chielgirl sounded like she didn't think it was fair for them to have to pay income taxes on their bonuses. Hell, their jobs were saved by the government. Their union was given all that control of the company and the bondholders were screwed, all by the government and then the government appointed the head men to run the company for the government.
Didn't work. No profit sharing for this bondholder/shareholder. Something about it being worthless. That's impossible! The ticker is "GM", I know I own it, and I've been a loyal shareholder since 2004! They told me my bonds weren't worth anything either. Don't know how that's possible, they're still in business and out of bankruptcy.
IMPOSSIBLE. The old GM shares were cancelled and a new IPO was issued for the new GM shares. You could NOT still own GM. GM was not permitted to file for bankruptcy protection. That would have allowed the original bondholders to get paid.
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Something about it being worthless. That's impossible! The ticker is "GM", I know I own it, and I've been a loyal shareholder since 2004! They told me my bonds weren't worth anything either. Don't know how that's possible, they're still in business and out of bankruptcy.
