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-   -   GM Prepares For Bankruptcy Monday (https://av1611.com/forums/showthread.php?t=1304)

Bro. Parrish 05-29-2009 10:40 AM

GM Prepares For Bankruptcy Monday
GM Prepares For Bankruptcy Monday
May 29, 2009
Stockholders to be wiped out, bondholders to take steep loss...

ChaplainPaul 05-31-2009 11:09 AM

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 06-01-2009 11:53 AM

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 06-01-2009 12:25 PM

Good rant!

Brother Tim 06-01-2009 05:04 PM

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

Bro. Parrish 06-01-2009 05:31 PM

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

Jassy 06-02-2009 10:40 PM


Originally Posted by Brother Tim (Post 21345)
The new name for General Motors (GM) is Barack's Motorworks (BM). :eek:

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

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

greenbear 06-02-2009 11:18 PM

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.

Bro. Parrish 06-11-2009 12:25 PM

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...

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