http://news.yahoo.com/s/nm/20100916/bs_nm/us_gm

Originally Posted by Marvinwc

http://news.yahoo.com/s/nm/20100916/bs_nm/us_gm

Marv,

I no longer believe ANYTHING I see on CBS/NBC/ABC/MSNBC/HLN/FOX/CNN/BET.

I believe what I see on Cartoon Network/History Channel/National Geographic/LMN/and the Travel Channel!

Oh and ESPN1/2/ESPN Espaniol

Jonathan

The GM BOND holders that were SCREWED by Mr. Obama will NEVER be paid back.

Originally Posted by BE77 Pilot

The GM BOND holders that were SCREWED by Mr. Obama will NEVER be paid back.

Wait, weren't the people holding the bonds the American Public via the Government gurantee?

Jonathan

Originally Posted by FireryPhoenix

Wait, weren't the people holding the bonds the American Public via the Government gurantee?

Jonathan

The bond holders got five cents on the dollar while the government and the UAW made out!

http://prairiepundit.blogspot.com/20...d-holders.html

Originally Posted by BE77 Pilot

The bond holders got five cents on the dollar while the government and the UAW made out!

http://prairiepundit.blogspot.com/20...d-holders.html

Hmmm... I bet that has nothing whatsoever to do with those evil greedy rich bastards just sitting on their money and not creating more jobs with it !

http://www.foxnews.com/politics/2010...bailout-money/

http://reason.com/archives/2010/04/2...ailout-payback

I've always liked this one.

Spoof GM Commercial Claims They Repaid Loan (1 min 4 sec)

My understanding is that we will eventually get all the big bucks bailout money back, with interest at a good rate. It is going to turn out so well that it will generate new and productive government thinking far into the future.

Originally Posted by Jim Thomerson

My understanding is that we will eventually get all the big bucks bailout money back, with interest at a good rate. It is going to turn out so well that it will generate new and productive government thinking far into the future.

That is some pie in the sky wishful thinking. There is no chance of us getting back all of our money. It's not even in the realm of possibility.

"The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline.

In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion. "



http://www.detnews.com/article/20111114/AUTO01/111140434/1361/U.S.-boosts-estimate-of-auto-bailout-losses-to-$23.6B

Gone bowling.

Originally Posted by RCWorks

If it were not for the UAW GM would most likely be ok.

Not most likely -absolutely would. I don't know the exact numbers but pre-chapter 11 something like 40% of GM's operating costs were legacy union costs.

Not saying they didn't deserve it... whatever idiot on GM side agreed to some of those terms should have their MBA/MBB/MP3/Whatever revoked.

$23.6 billion - how much is that per union employee saved or created?

What Mr. Obama did for the UAW and GM and did TO the GM bond holders and American tax payers is representative of his entire presidency. Classic Chicago Way thug tactics. Makes me sick.