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General Motors Is Headed For Bankruptcy -- Again
Forbes ^
| 08/16/2012
| Louis Woodhill
Posted on 08/16/2012 7:28:35 AM PDT by SeekAndFind
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To: SeekAndFind
![](http://t1.gstatic.com/images?q=tbn:ANd9GcS-2cp4YtLNdi8x_k-4GGrBa4ezfMFJmF8cHDmAa1VA5WkcvKZyTA)
Here we go again!!
2
posted on
08/16/2012 7:32:21 AM PDT
by
SMARTY
("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
To: SeekAndFind
but, but, but, but, he fixed it...this is totally “unexpected”. The little boy king don’t care, he’ll avoid GM like a birth certificate.
3
posted on
08/16/2012 7:38:45 AM PDT
by
Doogle
((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
To: SeekAndFind
Nothing much new here. King Obama has dumped billions in these failed stupid business and we will never recover the money. Failed businesses without constructive change, especially dumping Unions, will always go to the garbage can.
To: SeekAndFind
5
posted on
08/16/2012 7:44:15 AM PDT
by
X-spurt
(It is truly time for ON YOUR FEET or on your knees)
To: SeekAndFind
Buying GM stock is like tossing your money down the toilet.
Naxt time they get in a bind they will screw the stockholders again.
6
posted on
08/16/2012 7:52:02 AM PDT
by
Venturer
To: Venturer
7
posted on
08/16/2012 7:57:08 AM PDT
by
Fred911
(YOU GET WHAT YOU ACCEPT)
To: SeekAndFind
“Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.” - Barack Hussein Obama
To: SeekAndFind
Since the UAW now”owns” GM, does that mean its assets, including the pension fund and all the resorts, will be open to seizure to pay debts?
9
posted on
08/16/2012 8:00:56 AM PDT
by
VanShuyten
("a shadow...draped nobly in the folds of a gorgeous eloquence.")
To: SeekAndFind
Excellent article. Thanks for the post!
10
posted on
08/16/2012 8:01:02 AM PDT
by
Dryman
(Define Natural Born Citizen)
To: SeekAndFind
Buffett will buy more shares in GM. He still owes the Govt for the bailout of Goldman and getting him on board just before it happened.
11
posted on
08/16/2012 8:02:50 AM PDT
by
PGR88
To: SeekAndFind
It was always assumed GM would go bankrupt again.
The first bankruptcy was to stongarm the bond holders and give the unions a “pump and dump” equity to pull cash out of the dead corporate body.
Now it will HOPEFULLY be an unvanished bankrupcy where the union contracts are dumped as they should have been in the first place.
12
posted on
08/16/2012 8:03:47 AM PDT
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: SeekAndFind
13
posted on
08/16/2012 8:07:34 AM PDT
by
TurboZamboni
(Looting the future to bribe the present)
To: longtermmemmory
I assume that will depend on who the president is.
14
posted on
08/16/2012 8:13:03 AM PDT
by
John W
(Viva Cristo Rey!)
To: SeekAndFind
Wonder if Warren Buffett had any shares of GM before the first bailout/dealership-cancellation/shareholder-screwing.
Wonder if he has any now.
15
posted on
08/16/2012 8:23:02 AM PDT
by
N. Theknow
(Kennedys=Can't drive, can't ski, can't fly, can't skipper a boat, but they know what's best for you.)
To: SeekAndFind
16
posted on
08/16/2012 8:23:14 AM PDT
by
Osage Orange
("Were we directed from Washington when to sow, and when to reap, we should soon want bread.")
To: SeekAndFind
My Mom traded in her Buick for a Nissan. My sister traded in her Pontiac for a Toyota. I traded in my Buick for a Subaru. My neice traded in her Chevy for a Kia. We used to be a GM family. We believe in the right to organize and have collective bargaining. Unions electing Democrats to plunder the public treasury to give money to the unions is criminal.
17
posted on
08/16/2012 8:23:41 AM PDT
by
blueunicorn6
("A crack shot and a good dancer")
To: SMARTY
Actually, if the government burned hundred dollars bills, it would decrease the money supply and make everyone holding dollar denominated assets richer. If, otoh, the government printed hundred dollar bills, it would make very one who owns dollar denominated assets, richer.
18
posted on
08/16/2012 8:23:49 AM PDT
by
Lonesome in Massachussets
(The Democratic Party strongly supports full civil rights for necro-Americans!)
To: SeekAndFind
Forget that the 2013 Malibu is a step backward for GM. The reality is that leftists overwhelmingly buy foreign-branded vehicles. Add to that all the newly minted anything-but-GM crowd and you have a perfect storm. I hope the UAW is happy.
To: John W
I assume that will depend on who the president is. Maybe not.
http://thehill.com/blogs/ballot-box/presidential-races/224371-romney-campaign-claims-auto-bailout-was-his-idea
I'd like to think it might matter, but perhaps the Etch-A-Sketch will fall on the side of the taxpayers.
20
posted on
08/16/2012 8:27:16 AM PDT
by
Colonel_Flagg
(Conservatism is not a matter of convenience.)
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