GM Prepares For Bankruptcy Monday
May 29, 2009
Stockholders to be wiped out, bondholders to take steep loss...
http://www.consumeraffairs.com/news0...kruptcy02.html

[ChaplainPaul]

I heard that GM had a deal worked out for the survival of the Hummer brand, but the government nixed it.

However, stock will probably be on sale this week! If you can afford to lose a couple of hundred dollars, you might make quite a bit of money after they come out of bankruptcy. Assuming they come out of bankruptcy, which I hope they will.

[Diligent]

The company is essentially being stolen from its owners (bondholders, shareholders, etc.). And now the US President is talking about how they "started looking at their books," etc, as if we elect presidents to run private corporations.

This is facism -- the government pretending that companies are "private" while totally controlling them.

And billions have been sunk into the company for nothing except to pay off union thugs for getting out the vote, and our kids and their kids will be paying for it for years. For nothing.

Rant over.

[Forrest]

Good rant!

[Brother Tim]

The new name for General Motors (GM) is Barack's Motorworks (BM).

LOL, that's a good one, I also heard GM now stands for
GOVERNMENT MOTORS...

[Jassy]

Originally Posted by Brother Tim

The new name for General Motors (GM) is Barack's Motorworks (BM).

I remember that commercial ditty: "GM - Mark of excellence!"

Now I guess it will change to "BM - Mark of excrement!"

[greenbear]

I got banned from a financial/trading board run by a self-avowed socialist Obama supporter for railing about the Chrysler bondholders being strong-armed by the Obama administration and that we are now squarely on the road to fascism. I ended it with "All hail Fuhrer Obama" just to make double sure I would get banned!!! It was fun but then I had a dream that I got a knock on the door in the middle of the night.

June 11, 2009
New GM Chairman:
"I don't know anything about cars."
The first action taken by Government Motors was to hire a Chairman who by his own admission doesn't know anything about the car industry...
http://www.americanthinker.com/blog/...about_car.html