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After Original Bondholders Stiffed, GM Issues New Debt
NLPC ^ | February 25, 2016 | Mark Modica

Posted on 02/25/2016 1:08:22 PM PST by jazusamo

click here to read article


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To: taildragger; All
Oops! The Last one again!

http://www.fool.com/investing/general/2015/06/24/1-thing-you-might-not-know-ford-general-motors.aspx

21 posted on 02/25/2016 2:37:10 PM PST by taildragger (Not my Monkey, not my Circus...)
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To: Axenolith

GM does make good products, but the point is that you paid for your vehicle, then you get to pay for their financial screw-ups through your tax dollars. You are not having to fund Ford because they did not take the bailout money.
If anything, you have a case that GM owes you a credit on a new truck. But don’t hold your breath.


22 posted on 02/25/2016 2:40:21 PM PST by Texas resident (The democrat party will destroy our country and they think it won't affect them.)
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To: taildragger

Thanks, interesting piece.


23 posted on 02/25/2016 2:56:03 PM PST by jazusamo (Have YOU Donated to the Freep-a-Thon? https://secure.freerepublic.com/donate/)
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To: jazusamo

And then we’ll have The New, New GM!

And the taxpayers will get screwed again while the union workers take another vacation paid for by the taxpayers.

Screw the Democrat Party and anyone who calls them self a Democrat.


24 posted on 02/25/2016 3:09:28 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: jazusamo

Your welcomed Jaz, a lot too this subject as you can see by all three articles.


25 posted on 02/25/2016 3:11:04 PM PST by taildragger (Not my Monkey, not my Circus...)
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To: taildragger; Mark Modica

Yes, and I’m happy to see some info coming from different sources. Mark Modica has been warning about the finagling of GM for several years and his warnings are proving out. GM has been less than forthcoming on these matters and has been painting a rosy picture.


26 posted on 02/25/2016 3:27:22 PM PST by jazusamo (Have YOU Donated to the Freep-a-Thon? https://secure.freerepublic.com/donate/)
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To: jazusamo

Thanks for posting. Debt for everyone. Too Big To Fail. Marxist meme. Socialism Is Legal Plunder - Bastiat


27 posted on 02/25/2016 5:54:32 PM PST by PGalt
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To: taildragger

Good resource.


28 posted on 02/25/2016 7:01:06 PM PST by tbw2
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To: Texas resident

Oh, I wasn’t going to buy from them after they back stabbed Saturn div, probably under union pressure. But in 2011 they were practically giving them away. $28k out the door with off road and tow package (Z71). And I’ve been at that dealership for going on 25 years now.

Pretty sure that truck is the last new vehicle I’ll ever buy, too much nanny G access in the latest.


29 posted on 02/25/2016 9:20:07 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: ldish
give me a reason to let them screw me again!

I still can't come up with one.

30 posted on 04/10/2016 12:09:27 PM PDT by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: TwelveOfTwenty

nice timing...thanks!


31 posted on 04/10/2016 3:50:34 PM PDT by ldish (Have had enough...you??????)
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