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GM says bankruptcy excuses it from repairs
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GM says bankruptcy excuses it from repairs
On 2011-08-20, J R > wrote:
> http://www.drudgereport.com > > That's Government Motors for you! > cuhulin Drudge rotates links... it's best to put in what he links to. The story is he http://www.reuters.com/article/2011/...77I0Z820110819 ooh... it's the impala tire wear problem. The way the government did the special bankruptacy was to put all the liabilities on what is known as the 'old GM'. Thus people owed anything that didn't have government on their side are just SOL. |
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GM says bankruptcy excuses it from repairs
On Sat, 20 Aug 2011 03:38:14 +0000, Brent wrote:
> On 2011-08-20, J R > wrote: >> http://www.drudgereport.com >> >> That's Government Motors for you! >> cuhulin > > Drudge rotates links... it's best to put in what he links to. > > The story is he > > http://www.reuters.com/article/2011/...77I0Z820110819 > > ooh... it's the impala tire wear problem. > > The way the government did the special bankruptacy was to put all the > liabilities on what is known as the 'old GM'. Thus people owed anything > that didn't have government on their side are just SOL. The way I see it, if you bought most GM products in the past 35 years, you were "SOL" anyway... |
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GM says bankruptcy excuses it from repairs
On Fri, 19 Aug 2011 20:55:35 -0500, J R wrote:
> http://www.drudgereport.com > > That's Government Motors for you! > cuhulin Still looking to keep the shareholders happy by making sure the customer is #1, i see... This is the "New" GM? |
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GM says bankruptcy excuses it from repairs
Hachiroku > wrote:
> >Still looking to keep the shareholders happy by making sure the customer >is #1, i see... > >This is the "New" GM? No, it's the old GM. The new GM is a good sight better, not that that is a hard thing to be. --scott -- "C'est un Nagra. C'est suisse, et tres, tres precis." |
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GM says bankruptcy excuses it from repairs
Brent > wrote in
: .. > > The way the government did the special bankruptacy was to put all the > liabilities on what is known as the 'old GM'. Thus people owed > anything that didn't have government on their side are just SOL. > Plus the government gave the new GM a perk no other bankrupt has ever gotten: the old company's considerable tax-losses. Therefore the New GM's "profits" are largely illusory. Must be nice to have friends in high places... -- Tegger |
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GM says bankruptcy excuses it from repairs
On 08/20/2011 06:36 AM, Tegger wrote:
> > wrote in > : > > . >> >> The way the government did the special bankruptacy was to put all the >> liabilities on what is known as the 'old GM'. Thus people owed >> anything that didn't have government on their side are just SOL. >> > > > > Plus the government gave the new GM a perk no other bankrupt has ever > gotten: the old company's considerable tax-losses. Therefore the New GM's > "profits" are largely illusory. make that "completely illusory". because they are. > > Must be nice to have friends in high places... toyota are thinking the exact same thing. indeed, the only way they got out of that mess was to invest heavily in, ah, "new friends". d.c. has become a cesspool of utter corruption. what a disgraceful disgusting chicagoan shakedown that was - nothing short of maritime piracy. if i were a foreign company looking to invest in the u.s., that would give me serious pause. especially as we're continuing to reward and bail out the financial pirates that are still intent on sinking our ship as fast as they can. further reading: <http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817> -- nomina rutrum rutrum |
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GM says bankruptcy excuses it from repairs
On 2011-08-20, jim beam > wrote:
> toyota are thinking the exact same thing. indeed, the only way they got > out of that mess was to invest heavily in, ah, "new friends". d.c. has > become a cesspool of utter corruption. That's how fascism (in the economic sense, aka corporatism) works. Been that way for a very long time. > what a disgraceful disgusting chicagoan shakedown that was - nothing > short of maritime piracy. if i were a foreign company looking to invest > in the u.s., that would give me serious pause. especially as we're > continuing to reward and bail out the financial pirates that are still > intent on sinking our ship as fast as they can. That's how it works when government has so much power. The only way to stop it is to keep government from having the power. > further reading: ><http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817> Matt Tabbi (sp?) has many good articles on the theft that's been going on. ( I assume that's the same one I read a few days ago, didn't check) |
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