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Old 04-28-2010, 02:51 PM
 
Location: Flippin AR
5,513 posts, read 5,241,838 times
Reputation: 6243

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Quote:
Originally Posted by AnUnidentifiedMale View Post
Doesn't bother me a bit.
It makes me physically sick. The country is doomed with this leadership.
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Old 04-28-2010, 03:02 PM
 
Location: West Michigan
12,372 posts, read 9,314,559 times
Reputation: 7364
Quote:
Originally Posted by floridasandy View Post
all the bailout did was delay the inevitable.

When the company goes public, who do you think is going to invest when all the prior investors and bondholders got shafted? No anyone with an ounce of common sense.
Investors will be there just like they've always been, looking for a bargain and willing to take a gamble. Maybe not the SAME investors, but others will take their place. Most people who play the stock market are smart enough to know not to gamble more than they can afford to lose.

Why so little confidence with the bankruptcy court's ability to oversee a restructuring of the company? The New GM isn't the old one and there is no reason to believe your so-called inevitable will happen... unless we have another world-wide financial meltdown.
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Old 05-01-2010, 08:09 AM
 
Location: Chicagoland
41,325 posts, read 44,950,814 times
Reputation: 7118

YouTube - How The Hell Did GM Pay Back Its Loans "in Full And Ahead of Schedule"? Well, It Didn't.


YouTube - Paul Ryan Disputes GM Repayment Claims: "It's Time to Put an End to Crony Capitalism"

Quote:
The federal government still owns over 60% of this auto company. This so-called repayment is actually a transfer of $6.7 billion from one taxpayer-funded bailout account to another.
In fact, what GM is claiming borders on fraud.

http://house.gov/budget_republicans/press/2007/budgetlettertreasurysecretarygm.pdf (broken link)

The shell game of obama and GM.
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