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Sure they have made money, this company was one of the worst run companies in America. I would assume any company could turn a profit if you could make all your creditors disappear and get pumped with $50 Billion dollars of taxpayers money.
Sure they have made money, this company was one of the worst run companies in America. I would assume any company could turn a profit if you could make all your creditors disappear and get pumped with $50 Billion dollars of taxpayers money.
Disgraceful. Now maybe the left will shut up about bonus' at private companies that don't owe the government a dime.
Sure they have made money, this company was one of the worst run companies in America. I would assume any company could turn a profit if you could make all your creditors disappear and get pumped with $50 Billion dollars of taxpayers money.
Bonuses for what? Fleet purchases from GM to GE is an insider deal that smells of crony capitalism not worthy of a bonus.
Well, I don't build cars, work at corporate headquarters or anything else for GM - but I do work at a Chevy dealership and feel like I need to "defend" the automaker.
From 4/21/10
Quote:
"As of today, GM has repaid in full and interest,"
This is not some random act of kindness. Like it or not, it is in the labor contract. You know that very same contract that made sure that these uneducated barbarian heathen peons make $14 an hour instead of $28.
Well, I don't build cars, work at corporate headquarters or anything else for GM - but I do work at a Chevy dealership and feel like I need to "defend" the automaker.
yes. AIG owes $50B, and GM owes $25B. Government owns 500 million shares of GM stock though, which is worth nearly $13B at current market prices. Not sure what the stake in AIG is though.
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