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Originally Posted by SteveR
She said that GM instead of giving back money, offered the gov guaranteed stock options and another percentage of the company. GM then goes on TV and says "we paid back the loan with interest!". So the gov goes on TV and says uhh... NO.
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I dont get that, since the goverment already owns a certain percentage? Why would you buy more shares of a company, when you already own a controling intrest of it already? Unless its to make more money in the end, I dont see how the hell it works. If this is the case, then there is some **** going down. She was on Colbert Report a few nights ago, and she was talking about it. She didnt say anything in contrast, but she made a face when Colbert said that "GM paid back the loan."
Quote:
Originally Posted by Tsar
That's way better than they deserve. After 6 years of no profit and almost 90 billion dollar loss no business should exist.
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So put a few more thousand people out of jobs and possibly worsen the automotive sector world wide, not to mention the job market here in the US because GM didnt make any money over the last few years?
Then how do you support any of the bail outs? If you dont, then you would have been perfectly fine letting the world as we know it, spiral out of control?
While I dont agree 100% on bail outs and handing out my money, I sure as hell dont want to see this country fall apart based on a few people making major decisions, especially when some of them were betting that it would fail anyway.
What I dont get is why dont people support more regulation? Do you support more regulation?
This all could be just a moot point, and as a fan of GM, I do hope that thier IPO takes off, and the goverment sees most if not all thier money back.