Is General Motors even trying?

And when we sold their shares, we ended up losing 11 billion.
U.S. government says it lost $11.2 billion on GM bailout
Tax payers got screwed on that deal.
True, but it probably saved more jobs than on the financial bailout, and thus, more tax revenue has subsequently been generated.

What I'm getting at is, which bailout was the better idea?

I'm not sure I supported either, the government should probably have never approved all the mergers that created GM, folks just don't understand that the government hates cars in the first place. In Michigan, we have a saying. . . . You can take my car when you pry the wheel from my cold dead hands. So fuck those who have a problem with the car companies, if the government would get out of regulating the car companies in the first place, we wouldn't have these problems.


Actually, after we bailed GM out and lost 11 billion, they invested hundreds of millions of dollars overseas.
Outsourcer-In-Chief: Obama Of General Motors


I think you guys are still missing my point.

I'm not necessarily defending that bail out. My point is, compared to the financial bail out, it was peanuts. However, the number of jobs it saved, was incomparable.

The puppet masters got their bail out, and they control everything you read and how you perceive the world. However, it was the employees of GM, the blue collar workers that eventually put Trump in office. If there hadn't been a bailout, shit would have been seriously tilted toward the socialists. You did know that as it was, Sanders was the most popular candidate in the Midwest, right?


Most folks that work on cars KNOW what the true intent of the cash for clunkers crap was all about. The rest of the nation? They actually think that was a great deal. Suckers.


My point is, compared to the financial bail out, it was peanuts.

The financial bailout made the Treasury a huge profit.


Sure, if you believe the CBO and MSM propaganda. If you are wise and don't go in with thieves of the Deep State, you know the truth.

How Did the Taxpayer Make Out on the Wall Street Bailout?
How Did the Taxpayer Make Out on the Wall Street Bailout?
Then there is the cost of all of this accounting, hearings, testimony, reports, and investigations over seven years and counting. The October 28, 2015 report from SIGTARP noted the following:


“…Ebrahim Shabudin, chief credit officer at United Commercial Bank (the 9th largest bank to fail since the crisis) was sentenced to 8 years in prison for a fraud uncovered by SIGTARP that caused the bank to fail and a $300 million loss in TARP. Charles Antonucci, the CEO of Park Avenue Bank, was sentenced to 30 months in prison for a fraudulent attempt to obtain $11 million in TARP…SIGTARP’s three audits on Treasury approving excessive compensation for the top 25 employees at GM, Ally, and AIG, while they were in TARP, changed the TARP companies’ pay proposals, making them less likely to propose, and Treasury less likely to approve, large pay raises and large cash salaries.”


Try not to roll on the floor laughing over that last sentence. By the way, GM, Ally and AIG all produced multi-billion dollar losses to TARP according to the most recent SIGTARP report. (See Table 4.2 in the report.)


But the real cost of the bailout cannot currently be measured. That’s the cost of propping up failed business models like financial supermarkets that use insured deposits to engage in wild derivative gambles in London, pay rating agencies to deliver triple-A ratings, underwrite stock offerings while simultaneously putting out buy ratings to gullible investors. Because of the bailout, none of this failed model has materially changed on Wall Street. Thus, the real cost of the bailout will only be known when this failed model brings on the next crash and Bailout Round II.
 
Please don't confuse Government Motors with the once great "General Motors". If you like doing business with the post office you surely will love the treatment you get from G(overnment)M!
 
Tax payers got screwed on that deal.
True, but it probably saved more jobs than on the financial bailout, and thus, more tax revenue has subsequently been generated.

What I'm getting at is, which bailout was the better idea?

I'm not sure I supported either, the government should probably have never approved all the mergers that created GM, folks just don't understand that the government hates cars in the first place. In Michigan, we have a saying. . . . You can take my car when you pry the wheel from my cold dead hands. So fuck those who have a problem with the car companies, if the government would get out of regulating the car companies in the first place, we wouldn't have these problems.


Actually, after we bailed GM out and lost 11 billion, they invested hundreds of millions of dollars overseas.
Outsourcer-In-Chief: Obama Of General Motors


I think you guys are still missing my point.

I'm not necessarily defending that bail out. My point is, compared to the financial bail out, it was peanuts. However, the number of jobs it saved, was incomparable.

The puppet masters got their bail out, and they control everything you read and how you perceive the world. However, it was the employees of GM, the blue collar workers that eventually put Trump in office. If there hadn't been a bailout, shit would have been seriously tilted toward the socialists. You did know that as it was, Sanders was the most popular candidate in the Midwest, right?


Most folks that work on cars KNOW what the true intent of the cash for clunkers crap was all about. The rest of the nation? They actually think that was a great deal. Suckers.


My point is, compared to the financial bail out, it was peanuts.

The financial bailout made the Treasury a huge profit.


Sure, if you believe the CBO and MSM propaganda. If you are wise and don't go in with thieves of the Deep State, you know the truth.

How Did the Taxpayer Make Out on the Wall Street Bailout?
How Did the Taxpayer Make Out on the Wall Street Bailout?
Then there is the cost of all of this accounting, hearings, testimony, reports, and investigations over seven years and counting. The October 28, 2015 report from SIGTARP noted the following:


“…Ebrahim Shabudin, chief credit officer at United Commercial Bank (the 9th largest bank to fail since the crisis) was sentenced to 8 years in prison for a fraud uncovered by SIGTARP that caused the bank to fail and a $300 million loss in TARP. Charles Antonucci, the CEO of Park Avenue Bank, was sentenced to 30 months in prison for a fraudulent attempt to obtain $11 million in TARP…SIGTARP’s three audits on Treasury approving excessive compensation for the top 25 employees at GM, Ally, and AIG, while they were in TARP, changed the TARP companies’ pay proposals, making them less likely to propose, and Treasury less likely to approve, large pay raises and large cash salaries.”


Try not to roll on the floor laughing over that last sentence. By the way, GM, Ally and AIG all produced multi-billion dollar losses to TARP according to the most recent SIGTARP report. (See Table 4.2 in the report.)


But the real cost of the bailout cannot currently be measured. That’s the cost of propping up failed business models like financial supermarkets that use insured deposits to engage in wild derivative gambles in London, pay rating agencies to deliver triple-A ratings, underwrite stock offerings while simultaneously putting out buy ratings to gullible investors. Because of the bailout, none of this failed model has materially changed on Wall Street. Thus, the real cost of the bailout will only be known when this failed model brings on the next crash and Bailout Round II.


Sure, if you believe the CBO and MSM propaganda.

And if you can add simple numbers.

But the real cost of the bailout cannot currently be measured.

LOL!

Because of the bailout, none of this failed model has materially changed on Wall Street.


They're not buying crappy mortgages like they were.......
 

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