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.
Once the share value hits around $50, we will break even.
And 1.5 million jobs were saved as a result of the bailout.
GM Posts Record Profit 2 Years After Bankruptcy - Automotive News Story - WRTV Indianapolis (http://www.theindychannel.com/automotive/30472241/detail.html - broken link)
Indeed. Selling the stock makes sense when the price hits $50. Little patience goes a long way.
Once the share value hits around $50, we will break even.
And 1.5 million jobs were saved as a result of the bailout.
GM Posts Record Profit 2 Years After Bankruptcy - Automotive News Story - WRTV Indianapolis (http://www.theindychannel.com/automotive/30472241/detail.html - broken link)
What saved GM was bankruptcy court, something the bail-outs were trying to prevent, but happened anyways.
As for the government selling the shares - lets just see what happens. Assuming it will ever get $50 (it's, ironically, down now) what happens when an entity dumps $20 billion of shares into the marketplace? You will see. We won't get our money back.
I looked up GM and found a news report posted today.
General Motor's profit slips
"General Motors Co. said on Thursday that it earned $468 million or $.28 a share in the fourth quarter, compared to $510 million, or $.31 a share a year ago:.
$468M per quarter doesnt come close to $7.6B for the year... Someones got their story wrong.
Well its only a success story if want to ignore that while we propped up GMs failed business model, numerous government programs were going broke or underfunded and the money loaned was itself borrowed money from other nations or printed up at our own loss.
Not to mention the unconstitutionality of it all, but breaking the rules seems fine to many so long as their team wins.
I guess the only thing that can be called a success is the number of people that dont even have a clue what the hell they are talking about.. No surprise they all happen to be Obama supporters.
I guess the only thing that can be called a success is the number of people that dont even have a clue what the hell they are talking about.. No surprise they all happen to be Obama supporters.
Baloney. They would have all gone bankrupt if Bush had anything to do with it. He would have ruined Ford if he could have.
I guess the only thing that can be called a success is the number of people that dont even have a clue what the hell they are talking about.. No surprise they all happen to be Obama supporters.
Barack Obama urges Bush to bail out General Motors and save 5,000 British car jobs
It needs at least £7billion to pay its bills each month. Mr Obama is expected to argue if Mr Bush does not help GM, he will do it when he takes over in January.
Obama urging Bush to do something he was already doing..
Pretty pointless, dont you think?
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.
