Solving GMs problem

A good way to solve GMs problem is to sell GM to ford for $1.

--
Time to ask, is our government serving us or are we serving the government?

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Once again our friend Canuck57 shows he does not know what he is talking about. GM announced today it will pay off the remaining balance on its federal government loan in June, five years before it is due.

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Saw a blurb today that GM paid back its bailout loans.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Regardless of what Canuck57 would have you believe, the fact is GM is set to pay off the balance of it federal loans in June, five years before it is due.

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

What I later heard was that this payback was positive, but that the US government (previously the people of the USA) still own 60% of GM.
They have not bought themselves out of indentured servitude yet.
I sincerely hope that GM has learned some lessons. If not, then they probably deserve to fail.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
You are confused, the GM Preferred Stock that the feds are holding, will be worth more than the feds paid for it when GM goes public again. The US Treasury has already earn a profit on the paid back loans and it will earn more profit, as it did when Chrysler bought back its stock from the feds. As an aside, the feds does not own 60% of GM, the feds and the UAW combined own 60% of GM

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Oh, I see how this ponzi play goes.
Issue preferred shares, not worth a plug nickel on the market. Get a whack more cash from government charged to taxpayer debt. Get $8.1 billion to pay off the $63 billion taken. And don't forget GM lobbiests in DC, have to feed the back door to DC.
What a huge corruption farce. This is so silly that watching the news on GM is like watching a satirical version of the commedy channel.
USSR - United States Socialist Republic
Who would have guessed. I can't believe the US has gone this far down the rabbit hole.
On 21/04/2010 5:12 PM, Mike Hunter wrote:

--
Time to ask, is our government serving us or are we serving the government?

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Once again you show that you have no idea what you are talking about. The value of the Preferred Shares owned by the feds is less than 20% of the value of GM properties holdings, let alone the value of the machine tools. If GM did actually go under, as you seem to want to happen, the feds would be the first in line to get the receipts of the sale of GM property.

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Who wants to own shares in a company losing $4.8 billion a year (or more as the book keeping is uncertain with a history of unreliability).
I sure as hell would not loan GM money.
On 21/04/2010 4:00 PM, hls wrote:

--
Time to ask, is our government serving us or are we serving the government?

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
One like you, who earns minimum wage, is not in a position to loan money, dummy

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Position to and willingness to are two differnt things.
Anyone who lends GM or other welshing businesses deserves to lose their money.
On 22/04/2010 8:43 AM, Mike Hunter wrote:

--
Socialism is great as long as someone else pays for it.

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
You are not in a position to loan anyone money, even if you were willing. LOL

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Tell you what, you give me $63 billion and I will pay you back $8.1 billion to satify the bailout.
(Actually it was more as it didn't include cleanup of GMAC and GM.old)
Obviously you could pass grade 5 math either.
On 21/04/2010 1:47 PM, Mike Hunter wrote:

--
Time to ask, is our government serving us or are we serving the government?

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Yet another stupid comment from our friend Canuck57, who apparently never got to fifth grade. LOL

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
On 21/04/2010 11:33 AM, hls wrote:

Obviously you failed math.
GM gets over $63 billion, pays back $8.1 and that is a good deal?
Can I borrow money from you?
--
Time to ask, is our government serving us or are we serving the government?

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Nope, sorry... The blurb indicated they paid back loans, not the total indebtedment. I would not lend you a penny, although I think you are a reasonable person.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
On 21/04/2010 7:07 PM, hls wrote:

When I heard that on the news today I didn't know whether to get angry or laugh at this corruption and perversion. Obama has bastardized this to save their sorry corrupt asses.
He needs to be impeached.
--
Time to ask, is our government serving us or are we serving the government?

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Perhaps but our friend Danuck57 is obviously is not one who is well informed of the facts on the subject however. LOL

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Your obviously failed economics 101 and once again you prove you do not know what you are talking about. GM paid interest on the loan amount that it paid back five year early and the balance has already been PREPAID to the feds in the form of Preferred Stock, dummy.
No, you can not borrow money, you do not have the assets in place to secure the loan, as did GM, stupid.

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Related Threads

Motorsforum.com is a website by car enthusiasts for car enthusiasts. It is not affiliated with any of the car or spare part manufacturers or car dealers discussed here. All logos and trade names are the property of their respective owners.