[jazusamo]

Working link:

http://nlpc.org/stories/2012/12/20/gm-buyback-treasury%E2%80%99s-shares-no-panacea

[relictele]

Any more ‘fairness’ and we can all join the soup line.

[Vaduz]

The only reason for the taxpayers’ stake in General Motors was Obama made sure the right wheels got greased.

[Night Hides Not]

How many companies pay less income tax than Warren Buffet's secretary?

GM

GE

Feel free to add to this list.

[Uri’el-2012]

What about GM's owners:

the former bondholders ?

[FrankR]

GM dipped their corporate finger into the indelible purple ink when they sold out to the unions/government, and it will be quite a while before the ink rubs off.

I’m sure GM thinks that buying it back will reverse their “fortunes” on the market, but I can attest that I will never buy another GM product.

In fact, I’m never going to buy another vehicle made in a UAW shop, period.

Unions have become the Gestappo in obama’s quest for socialism/communism and are the primary impetus that put him in office - both times.

[NonValueAdded]

Channel stuffing is illegal, certainly a SEC violation. Where is the Just Us Department?

[Sergio]

bkmk

[GeronL]

There might be one or two FReepers surprised by this. Maybe.

[hattend]

Taxpayers Always Get Hosed, Period. in GM Buyback of Treasury Shares

Fixed the title.