Posted on 09/17/2015 8:43:19 AM PDT by upchuck
Ending the sprawling criminal investigation into its failure to disclose an ignition defect that killed at least 124 people, General Motors has agreed to pay $900 million to settle the case with the Justice Department, according to documents released by the agency.
The Justice Department did not file charges against any individual G.M. employees. It has also agreed to defer prosecution for three years on one count of wire fraud and one count of engaging in a scheme to conceal a deadly safety defect, provided that the automaker pays the financial penalty, submits to independent monitoring and continues to accept and acknowledge responsibility for its conduct. It is, in effect, corporation probation.
(Excerpt) Read more at nytimes.com ...
“So, what does the government do with that $900 mil?”
In the good ‘ol days it would buy a toilet for the space shuttle. Today, it’s just direct deposited into terrorist bank accounts.
I’ll add them to the list of Wall Street bankers in prison.
It seems as if everyone forgets that the Government took control of GM went through it with a fine tooth comb, getting rid of the crap, keeping all the good stuff. they seemed to have missed this little bit, so why not charge the government with some of the problem?
It sounds to me like you should take the airbag out.
Right ,,,,, How ????
Well, my question was rhetorical. Of course the shareholders will pay. There’s nobody else that can pay.
Oh. That’s a good question, I’m sorry I have no idea, but it must be possible, don’t they get stolen sometimes? And certainly they can be replaced, so they must come out.
Sorry, I’m unhelpful, I have to play the “I’m just a girl” card here. But, it’s probably better not to have someone hold your beer and watch you try, if you know what I mean and I think you do.
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