Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: La Lydia
General Motors (GM) has agreed to finance private equity firm Platinum Equity’s buyout of Delphi Corp.

As a taxpayer, I'm part owner of this once-proud company.

It's funny, I don't remember getting a phone call or memo asking me for my vote on this.....huh....

...the taxpayers weren't....duped....on this, were we?

6 posted on 06/09/2009 2:58:17 PM PDT by NorCoGOP (Recession: friend loses his job. Depression: You lose your job. Recovery: Obama loses his job.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: NorCoGOP

You have to wonder if it was up for bid, or just how this came about. Did Tom Gores just call up GM and ask for the $2 billion? Or did GM call up Tom Gores and offer it? Did anyone else have a chance? Wasn’t Delphi in bankruptcy, or am I mistaken?


12 posted on 06/09/2009 3:06:35 PM PDT by La Lydia (.)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson