Monday, November 5, 2012 8:00:54 AM
Bailouts are a terrible idea. Specially when a company has been around as long as GM and has made enough profit to keep the business a float through years of not selling anything. Of course that would mean not dividing the profit every quarter so the company doesn't go bankrupt from a bad year. If they can`t manage their own business that`s their problem, shouldn`t be the tax payers problem. Just my two cents on it.
Sunday, November 4, 2012 11:09:37 PM
5Cats: GM has been wanting to buy back that government owned stock for over year. Obama won't allow the sale. Why? Because with that much stock the government has a seat at GM`s board, has a say in what cars are made, how they negotiate with unions and how they run their business.
Sunday, November 4, 2012 10:34:55 PM
It wasn't "a loan" he just handed over piles of cash! Oh, in exchange for "stocks" which were bought at MASSIVELY inflated prices... And the White House illegally circumvented the LAW to allow GM to `shaft` it`s stock and credit holders, while giving the Unions ALL they were due... GM used that FREE MONEY to "repay" TARP. Yes, that`s correct: GM used government grants to repay it`s goverment TARP loan...