"The Treasury Department's special inspector general says the
government needs to get $133.78 per unsplit share for it to break even
on the bailout. It holds about 304 million shares of common stock and
another $2.1 billion in preferred stock."
True. But that also excludes costs from GMAC, Delco, GM.old and toxic
plant cleanups. The above is just the above board payer transfer
directly to GM. Assuming government math is any good.
If you add up pension funds, preferred shares, capital shares, bonds,
suppliers, GMAC, loan losses, Delco, dealers losses, legal costs,
cleanup costs including pant and legal GM is now a $300 billion dollar
turkey that still can't fly.
Obama and the Democrats, bringing the ghetto to middle class America
Once again you are wrong. GM no longer has anything to do with the debts
incurred by the old General Motors. Bankruptcy left the debts with the old
corporation, to be paid at pennies on the dollar from funds generated by the
sale of it remaining assets, that the Bankruptcy court must sell.
:You must be a govt accountant pull nbrs out of you ass and post them as the
each time you post it goes up. neither you or I or anyone else knows the
How about this no taxpayer money has been loaned to gm. The govt sold
bonds to china and whoever and used that money to fund the bankruptcy until
it is paid back by the new gm or by the sale of stock the only taxpayer
money is the interest on the bonds. GM has paid 700million in interest
payments to the govt so far. Your hatred is warping your mind.
When you cant cut and paste you make 2nd grade attempts to insult someone.
You or your friend c57 know nothing about the auto industry you only picture
is of Lee Iaccoca standing in front of sparking welding robots. which is a
wrong picture to give as sparking welds are bad welds
Pease buddy, let our friend Canuck57 alone, we like to laugh at him... He
doesn't have any other friends, ever since he got fired from GM of Canada
the first week for continually putting the wrong wheels on the cars.
Now all he has time to do, when he comes home from his new job where he asks
"Do you want fries with that?", is troll the GM NG for the rest of the day.
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