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It’s all tax payers money what’s the difference, be real man taxpayers bailed out wall street and the big banks you know the ones that caused the economy to go to hell. They caused people to stop buying vehicles because people could not afford their mortgages. So you tell me what’s the difference between taxpayers money for GM or the banks.
It’s all tax payers money what’s the difference, be real man taxpayers bailed out wall street and the big banks you know the ones that caused the economy to go to hell. They caused people to stop buying vehicles because people could not afford their mortgages. So you tell me what’s the difference between taxpayers money for GM or the banks.
No bank stopped me from buying a vehicle. GM produced crap stopped me from buying THEIR product. I switched to Toyota and never looked back, and yeah, I still fly Red, White, and Blue.
No bank stopped me from buying a vehicle. GM produced crap stopped me from buying THEIR product. I switched to Toyota and never looked back, and yeah, I still fly Red, White, and Blue.
So why would they bail out the automakers and not other industries?
Answer: It's cheaper to keep them going when you consider the devastating impact losing them would have on this country? The only thing keeping me from buying a Tesla is I'm not sure if they'll be in business following a recession and the vehicle is too expensive to not be able to get parts for.
Why did they bail out the banks?
Answer: Because the FDIC has nowhere near the reserves to cover everyone's bank accounts in the event of a bank panic. The cheapest way forward was to bluff. Give all the banks, (whether they needed it or not) a 0% loan to keep people from pulling out their money. Hence the term, too big to fail.
The government, in the long term, ended up making money on both, by the way.
How about their obligation to the bond holders they left holding the bag?
Are you a bond holder what about lol the people who lost all their pension money from the
Lehman Brothers BK.
The filing for Chapter 11 bankruptcy protection by financial services firm Lehman Brothers on September 15, 2008, remains the largest bankruptcy filing in U.S. history, with Lehman holding over US$600,000,000,000 in assets. So GM bond holders are not the only people that lost millions during the economic crises in 2008.
Are you a bond holder what about lol the people who lost all their pension money from the
Lehman Brothers BK.
The filing for Chapter 11 bankruptcy protection by financial services firm Lehman Brothers on September 15, 2008, remains the largest bankruptcy filing in U.S. history, with Lehman holding over US$600,000,000,000 in assets. So GM bond holders are not the only people that lost millions during the economic crises in 2008.
You're right Easy62, the Lehman brothers were the largest bankruptcy, but back to the topic since we're discussing GM, what about their bond holders?
You're right Easy62, the Lehman brothers were the largest bankruptcy, but back to the topic since we're discussing GM, what about their bond holders?
They lost their money like millions of others from the 2008 recession. Are any of you on here a bond holder why all the concern about them it’s a risk they take.
They lost their money like millions of others from the 2008 recession. Are any of you on here a bond holder why all the concern about them it’s a risk they take.
Because this is an automotive section of the forums and the thread is specifically about GM. Just guessing though.
How about their obligation to the bond holders they left holding the bag?
They don't have an obligation to bond holders. Bonds are not a government insured investment.
If you want a guarantee, there's a bank on every corner for you.
If you can't handle risk, then stay out of the stock, bond and commodities markets, which are just another form of legalized gambling.
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