GMC Stock Holders
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GMC Stock Holders

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    Senior Member Ron Hill's Avatar
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    Default GMC Stock Holders

    After GMC's bankruptcy, how much money did stock and bond holders lose? I've been doing some searches but can't seem to find a number.


    I found that GMC still owes us 28 billion.
    Last edited by Ron Hill; 05-15-2012 at 06:28 PM.

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    gn7
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    Lets just say they got alot less than the assets were worth, and alot less than if they had liquidated the freek'n mess and said fuck the unions like they should have. If they could have tossed the employees and the union to the street, they could have saved the place for alot less than they owe the government. Which may never be repaid. That money was nothing more than a gift to the union given to them at the expense of the stokholders and the tax payer. Thats no way to run a company OR A COUNTRY!!!! But it does happen to be EXACTLY what Lenin did to Ford, Studebaker, GE, Westinghouse and others in Russia.



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    Last edited by gn7; 05-15-2012 at 06:47 PM.

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    Red Blooded American The Doctor's Avatar
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    I think I killed GM. I invested in a few promising companies only to kill every stinking one of them to zero value. My stock broker insisted I put money in something so huge I couldn't kill it and he put me in GM bonds. When the Kenyan bailed the unions out and circumvented the bankruptcy, which would have netted some reasonable returns for us bond holders, the value went right into the toilet. I closed out what was left shortly thereafter and bought land again where I can actually make a profit.
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    Quote Originally Posted by Ron Hill View Post
    After GMC's bankruptcy, how much money did stock and bond holders lose? I've been doing some searches but can't seem to find a number.


    I found that GMC still owes us 28 billion.
    I lost 40000 but I was just a worker bee

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    058
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    Quote Originally Posted by Ron Hill View Post
    After GMC's bankruptcy, how much money did stock and bond holders lose? I've been doing some searches but can't seem to find a number.


    I found that GMC still owes us 28 billion.
    Thats funny....I coulda swore that Obama said GM paid off all the debt with interest and GM is on solid ground....Obama wouldn't lie....would he?
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    gn7
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    For GM to be square with the feds the stock would have to valued at roughly 53.00 dollars. Its around 21.50 right now so you figure it out.
    The government is still into GM to the tune of about 33% and is still the largest stock holder BY FAR!. Most of the debt has been paid back thru tax hocus pokus in losses that they will use against taxes for the next 40-45 years. Some of the debt has been moved over to "incentives" and subsidies. Never it let it be said the government isn't a corporation. It knows how to cook the books as good as any of the major corporations the whiners bitch about.



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    Senior Member AzMandella's Avatar
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    Quote Originally Posted by 058 View Post
    Thats funny....I coulda swore that Obama said GM paid off all the debt with interest and GM is on solid ground....Obama wouldn't lie....would he?
    They did. But they borrowed the money from the treasury to pay back thier TARP loan.
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    gn7
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    Quote Originally Posted by AzMandella View Post
    They did. But they borrowed the money from the treasury to pay back thier TARP loan.
    Sadly, that is one way of looking at it. Or, paying the TARP INSTEAD of the treasury.



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    7,500.00 - is what I lost on their stock.

    Still pisses me off.

    I should have seen it coming though - decades of ludicrous brand mismanagement combined with a union having delusions of grandeur = FAIL.

    Uncle Dave
    Last edited by Uncle Dave; 05-15-2012 at 11:17 PM.

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    gn7
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    Quote Originally Posted by Uncle Dave View Post
    7,500.00 - is what I lost on their stock.

    Still pisses me off.

    I should have seen it coming though - decades of ludicrous brand mismanagement combined with a union having delusions of grandeur = FAIL.

    Uncle Dave
    Yeah but Dave, all the car companies have had their ups and downs. Only ONCE did a dictorial socialist take it over and steal the money and company from the investors. Who knew. Who would have believed it in this country?



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    Senior Member Uncle Dave's Avatar
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    Quote Originally Posted by gn7 View Post
    Yeah but Dave, all the car companies have had their ups and downs. Only ONCE did a dictorial socialist take it over and steal the money and company from the investors. Who knew. Who would have believed it in this country?
    Agreed.

    Unfortunately the ONE TIME it happened - I was one of the ones that got fucked.

    Of course stock is bought with post tax profit (more theft - but thats another thread) so that 15,000 that was stolen from me, or maybe thats a bot harsh to say - so Ill settle with - "got fucked out of".

    I apologize for the decorum.
    I begin to get slightly emotional when discussing losses of this nature.

    UD

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    Senior Member Ron Hill's Avatar
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    Default Thanks, all

    Enjoyed your posts and honesty.But no one has answered my question. How much real money did bodn holders and stock holders get screwed out of? ha is my question.

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    gn7
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    Ron, no matter what number you come up with, it will be bullshit. Because if the excutives of GM AND THE UNION!!!! and the federal government were in collusion, and there is no reason to think they were, then they could have let GM crash to almost worthless so that ANYTHING they got look better than ZERO, and made the take over that much less obvious, and much less expensive, leaving all the more for TARP infusion.
    It was all smoke and mirrors. When you ask how much, it depends on where you start counting. From the day the bond holders put up the money, or the day the dictator siezed it?



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