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16 Comments
GenjiKilpatrickThat smugness at the end there was sorta creepy. >_@
handmethekeysyousays...Better communication design than the first.
Stil feels rife with spin.
MarineGunrock*money
siftbotAdding video to channels (Money) - requested by MarineGunrock.
MrFisk*controversy
siftbotAdding video to channels (Controversy) - requested by MrFisk.
CaveBearI thought GM would pull out of it so I hung on to my GM stock. Then they went bankrupt and my stock was worthless. Then they offered new stock and made Wall Street guys richer. My stock is still worthless. It's all a Wall Street game of Greed and *Lies.
I will never buy any GM product again.
siftbotInvocations (lies) cannot be called by CaveBear because CaveBear is not privileged - sorry.
GeeSussFreeK>> ^CaveBear:
I thought GM would pull out of it so I hung on to my GM stock. Then they went bankrupt and my stock was worthless. Then they offered new stock and made Wall Street guys richer. My stock is still worthless. It's all a Wall Street game of Greed and Lies.
I will never buy any GM product again.
Exactly. In addition, instead of their assets going to someone else who has been doing well, like ford, GM gets the ride free and clear...and the while leaving out all the financial responsibility they owed their previous stock holders. It isn't like all those people would be out of a job anyway, other firms would want to buy up those assets and put them to work, Saturn was on that track till the deal feel through and the government bailed out GM proper. Now, Saturn sits in liability limbo because of the bail out...more toxic waste.
Trancecoachstill, automobiles are an investment in the present -- not the future.
Myslingsays...I guess it's nice that GM is expanding, making new vehicles and providing jobs. But I found the bar graph to be really puzzleing.
If I understand correctly GM was worth close to nothing, the government invested 49 billion, and suddenly its big news that the market believes GM is worth 50 billion? I like the good news, but please, White House, a bit less drama and spin next time.
EnzoblueI don't forgive GM for their commercials last year where they gallantly announced that they had paid back their bailout money. Not bothering to tell us that they used the money from the second bailout to pay the first and that nothing had changed. It's all a scam.
quantumushroomI can only say this to GM: Fuck you.
You ran a failed business model and should've went bankrupt without a failout.
"The government committed nearly $50 billion to GM (and received a 61 percent ownership stake for U.S. taxpayers); $14 billion to Chrysler (a 10 percent ownership stake), $17 billion to GMAC (the car and home loan arm of GM), and $5 billion to auto parts suppliers. Last month, the Federal Reserve estimated taxpayers would recoup all but $17 billion of that $86 billion."
Gee, we only lost 17 billion? What a bargain!
If any of this is too complicated, all you need to remember is a tax cheat runs the US Treasury.
COriolanusErgo, you should go ALL IN to GM stock.
Put your money where your ideological mouth is.
Trancecoachyour bailout dollars at work: *related=http://videosift.com/video/Your-Bailout-Money-At-Work-GM-Announces-700K-More-Recalls
siftbotYour Bailout Money At Work: GM Announces 700K More Recalls has been added as a related post - related requested by Trancecoach.
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