Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
So i guess those bailouts were a good idea after all as GM didnt fold,people are still employed making cars and GM is paying back the money,,sounds like a win win all around..
So i guess those bailouts were a good idea after all as GM didnt fold,people are still employed making cars and GM is paying back the money,,sounds like a win win all around..
I always thought saving jobs at GM was a pretty good idea. Wall Street bailouts not so much.
No, Obama's dream was not at all shattered. I've heard him say that he was not interested in being in the auto businesss. Why can't people accept that Obama is absolutely not a socialist? At least real socialists can grasp that he is far from one of them.
No, Obama's dream was not at all shattered. I've heard him say that he was not interested in being in the auto businesss. Why can't people accept that Obama is absolutely not a socialist? At least real socialists can grasp that he is far from one of them.
Dont jump to conclusions so fast. Last I heard GM was repaying TARP loans by borrowing money off another branch of government. Its not really a repayment so much as a moving of the debt..
General Motors CEO Ed Whitacre will announce Wednesday that the automaker will soon pay off $5.8 billion in loans from the U.S. and Canadian governments.
Whitacre has made paying back the government loans originally due in 2015 a priority.
GM will use the move to highlight its steps toward issuing shares to the public and helping the U.S. government get out of its 60.1% ownership stake in the automaker. GM officials have said the company could break even this year,
GM to pay back U.S. and Canadian loans way early | freep.com | Detroit Free Press (http://www.freep.com/article/20100419/BUSINESS0101/100419058/1318/GM-to-announce-early-full-payoff-U.S.-Canada-loans - broken link)
Will those who said that we'd never see the money returned please stand up.
The government still owns 60% of GM, but when GM goes public again, which they will, the tax payer is looking to make a nice profit on that.
Assuming they find someone dumb enough to buy the stock again. There's an old saying, goes like this:
Fool me once, shame on you, Fool me twice, shame on me.
I'll buy the stock again.. They shed all of their debts and passed a large percentage of their retirement liabilities onto the taxpayers.
Quote:
Originally Posted by AnUnidentifiedMale
Same could be said about Toyota. If all else is equal, I think it's a good idea to support your country's manufacturing industry.
You be patriotic, I'm more interested in return on my investment..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
