Posted on 09/22/2015 11:16:33 AM PDT by jazusamo
Corruption: One carmaker's mistake killed nearly 200. Another might have evaded federal emissions laws while a third failed to issue a recall. Which one committed the biggest sin, according to the government?
Here's a hint: It's not the automaker known as Government Motors.
GM, more officially known as General Motors, will pay a $900 million fine in a settlement reached last week with the Justice Department. The automaker admits it hid an ignition-switch problem that has been linked to 174 deaths.
(Excerpt) Read more at news.investors.com ...
GM is building auto factories everywhere but the United States. May they go bankrupt one more time.
Yep, and I wouldn’t surprised if they do.
They would have the money for more redistribution!
GM has two things going for it vis-a-vis VW:
1) it is an Obama government creation
2) The death of 174 innocent, trusting Americans pales in comparison to the evil of contributing to emissions via excess NOx emissions (can I get a "/S?").
George Orwell got it right in both “1984” and “Animal Farm”. Under the petty tyrants that are inevitable with big government, “Some animals are more equal than others”.
Cronyism at its finest. GM has the be government that money can buy. Which is weird considering that GM has spent the last 35 years offshoring virtually all of its operations.
I guess they finally managed to sucker the government into supporting all of those unemployed autoworkers and tier supplier employees.
Socialize the costs, privatize the profits, it’s the crony/fascist way.
Oh, and for the blame unions crowd, the unions are in bed with the cronies too. They played the bad cop in this game.
So that works out to 174 inheritor families now worth approximately $5.17 million each. Taxpayers on the hook again. If I recall, GM never repaid the federal government for the bailout they got from the U.S. taxpayers. Only Ford did. So the fine money really is the property of the U.S. taxpayers who BTW are too darn busy working to pay income taxes to fund the gracious lifestyles of the hispanic illegals and the islamic refugees, to even notice.
Meanwhile VW’s clever software did not kill a single human being, but made a bunch of Federal bureaucrats look REALLY stupid. Hence they’re taking it up the shorts for $18 bil.
Yep...Eric Holder, Loretta Lynch and Gina McCarthy are quite the threesome that have kowtowed to bambam’s every whim.
Unions definitely are “playing” bad cop, the bailout saved the UAW pension fund.
Also, the peanut guy, responsible for two deaths due to shipping tainted peanuts, got 28 years yesterday. Will anyone serve time from GM?
I doubt any will get near $5M, many families have settled with GM already through their attorney and though they won’t divulge the amount of settlement it started at $1M per case.
The $900M fine doesn’t go to the families and the taxpayers were not repaid approx $11 Billion by GM after the bailout.
Bump.
When I was growing up I was a Chevy guy, now with it being government motors I will never buy any of the union owned companies cars again. hope they go out of business! Sorry for the workers there but they wanted the unions.
On another note, the commercials touting the Motor trend magazines car of the year thing, I remember when they had the AMC pacer as one of their car of the year, IMO, their award is bought and paid for
ping
I had to walk along a busy road for a couple of miles yesterday. Could not help but note that 80% of the cars that were passing me were made by either Nissan or Hyundai.
The 900 million is to settle the criminal complain for wire fraud.
Looks like nobody goes to jail...again
You're exactly right and it's a travesty of justice.
excerpt:
"The criminal charges are contained in an Information (the “Information”) alleging one count of engaging in a scheme to conceal material facts from NHTSA and one count of wire fraud. If GM abides by all of the terms of the Agreement, the Government will defer prosecution on the Information for three years and then seek to dismiss the charges."
Ford didn’t take one red cent of “bailout” money. GM and Chrysler (now Fiat) did.
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