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Discussion Starter #1 (Edited)
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.
 

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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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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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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? :rolleyes:hil:)hil:):lmao1::lmao1:
 

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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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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? :rolleyes:hil:)hil:):lmao1::lmao1:
They did. But they borrowed the money from the treasury to pay back thier TARP loan.:rolleyes::rolleyes:
 

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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
 

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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
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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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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Discussion Starter #12
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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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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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.
Your answer will depend on who you ask....If you ask Obummer he would say nobody lost....If you ask the union they would say they lost. If you ask the taxpayer they [we] would say we all lost. If you want true figures only Miss Cleo and her Taro cards and crystal ball can say.:rolleyes:
 

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My father who worked for GM for 47 years sold all his GM stock in 1988 or 89, I think it was 15,000 shares. I still remember him telling me that the shit pile was close to the fan 24 years ago.
 

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Discussion Starter #17 (Edited)
Warren Buffett

I read today that Warren Buffett's company are buying GM Stock. Great, Buffett's company get 178 billion in TARP funds, loans some out to manufactured homes at 9 3/4% and buys GM stock with some of it....and GM still owes the American tax payers 34 billion. Somewhere, I thought I read, that GM is only worth 34 billion....Sounds like many people's equity in their house.

Rather than raise taxes on the rich, like Buffett wants, why not make Buffet pay the billion he owes the IRS and why not pay back 178 billion from TARP funds???

My now college grad step son thinks Obama should spend more, kind like France and Greece!!!!!
 

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I read today that Warren Buffet's company are buying GM Stock. Great, Buffet's company get 178 billion in TARP funds, loans some out to manufactured homes at 9 3/4% and buys GM stock with some of it....and GM still owes the American tax payers 34 billion. Somewhere, I thought I read, that GM is only worth 34 billion....Sounds like many people's equity in their house.

Rather than raise taxes on the rich, like Buffet wants, why not make Buffet pay the billion he owes the IRS and why not pay back 178 billion from TARP funds???

My now college grad step son thinks Obama should spend more, kind like France and Greece!!!!!
You bring up a good point....Buffet thinks we should all pay more in taxes but yet he spends countless dollars fighting IRS over the billions he owes in taxes.... HUH?....Am I missing something here?? I guess only in the demented mind of a liberal can he expect all of us to pay more but yet he spends millions in lawyers to keep from paying his fair share..:)sphss Only in the land of the tiny brained folks does this make sense.:rolleyes:
 

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You bring up a good point....Buffet thinks we should all pay more in taxes but yet he spends countless dollars fighting IRS over the billions he owes in taxes.... HUH?....Am I missing something here?? I guess only in the demented mind of a liberal can he expect all of us to pay more but yet he spends millions in lawyers to keep from paying his fair share..:)sphss Only in the land of the tiny brained folks does this make sense.:rolleyes:
And yet, Ozero loves to use Buffett as a poster child for raising taxes on the rich. He is the perfect guy with the perfect story about his poor secretary that pays more PERCENTAGE WISE! than he does.

Its the perfect tool to create his class division. Like ALL people with money are like Buffett. And Ozero's usefull idiots suck it up.



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Discussion Starter #20
Buffett Buys 63 Newspapers for $142 Million

I did find where the government loaned GMC 50 Billion dollars. Then, GM went bankrupt and screwed all the preferred stock holders and bond holder.

Then GMC borrow 87 billion from Tarp funds and paid back the 50 billion loan. So, the 50 billion paid back left the UNIONS with 37 Billion, and that is about what they owe the American people...

So, as near as I can figure this, stock and bond holders lost $50 billions, UNIONS lost nothing.

I just saw where Warren Buffett bought 63 newspapers., only $142 million of our dollars. He bought all the railroads aka dinosaurs, now he's bought 63 snail mail type papers.

A little advice to Buffett, American have the internet, they won't be as easily "Duped" as when Hearst started the Spanish AMERICAN WAR AND VILIFIED MARIJUANA. I think Hearst started the Spanish American War.
 
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