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Originally posted by TheImmaculateD1
reply to post by jdub297
Wrong,
The loan was paid back sometime this past year :
www.factcheck.org...
A May 2011 report form The US Government Accountability Office report on the status of the loan:
www.gao.gov...
Originally posted by TheImmaculateD1
reply to post by jdub297
Wrong,
The loan was paid back sometime this past year :
www.factcheck.org...
A May 2011 report form The US Government Accountability Office report on the status of the loan:
www.gao.gov...
Why was GM given billions and billions of dollars they 'didn't need' . . . tells me that the planning and set up of this whole bailout was a mere shell game as is this whole VOLT mess thing with bloated sales reports because the majority owner of GM is buying their own product. That's not sales . . . that's a damn book entry. It is somewhat similar to the whole 'default swap' mess . . . the crappy debt didn't go away when the banks insured then wrote it off, they just found a way to hide it and make it all look good.
Originally posted by jdub297
You know what a common term is for governments that do just that?
Fascist.
jw
We have bankruptcy laws on the books for a reason, if we are going to continually circumvent the laws why bother having them. No business of any type should ever get a bailout from the government.
Make no mistake and have no illusion, none of the money was free and came contingent to keep Americans employed in America and to help get us off of oil.
Originally posted by Rockpuck
It was a "capital infusion" where we took as collateral shares in the corporation.. which when we began selling we sold at a loss (why? good question.. no one knows.. probably because over paying for a defunct companies shares is a stupid idea..)...
Originally posted by TheImmaculateD1
reply to post by Rockpuck
Make no mistake and have no illusion, none of the money was free and came contingent to keep Americans employed in America and to help get us off of oil.
Originally posted by TheImmaculateD1
reply to post by jdub297
It's being externally manipulated to kill GM as The SCUM does not want America to have a success story and when they make $1 Billion, the SCUM do not see one red cent.
All apart of the wholesale fleecing of America!
You should know the market's manipulated, have your co swear allegiance and your stock rises go against them it falls!
Little kid games!