Is Government Motors headed for bankruptcy?

Discussion in 'Politics' started by Quantum Windbag, Aug 16, 2012.

  1. Quantum Windbag
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    Quantum Windbag Gold Member

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    GM is relying on a lot of less than perfect loans to sustain its sales. Am I the only one that remembers what happened the last time the government encouraged people who can't afford something to buy anyway?

    [​IMG]

    GM Ramps Up Risky Subprime Auto Loans To Drive Sales; Taxpayers Still Own 26.5% - Investors.com
     
  2. AmyNation
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    AmyNation Road Warrior Supporting Member

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    Maybe.

    Although i think theyre doing pretty well all things considered.
     
  3. whitehall
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    whitehall Platinum Member

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    GM might have survived if it went to bankruptcy and reorganized without intervention from the federal government that mandated the production of stupid products like the Volt that nobody wanted. Today the taxpayers need to recoup their investment of GM stock for around $60 per share but it is around $20 per share. Who do we see about that?
     
  4. Lakhota
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    Lakhota Diamond Member

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    Yes, and Osama bin Laden is watching TV with me.
     
  5. Quantum Windbag
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    Quantum Windbag Gold Member

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    [​IMG]
     
  6. syrenn
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    syrenn BANNED

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    Until GM ditches the unions.... it will never float.
     
  7. g5000
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    g5000 Diamond Member

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    That is a very interesting, and surprising, story. Thank you very much for that.


    .
     
  8. percysunshine
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    percysunshine Gold Member

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    But what would happen if GM introduced a new 2013 model car called the 'Quantum' with rear passanger wind bags?
     
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  9. francoHFW
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    francoHFW Diamond Member

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    NOPE.

    But many thanks to a-hole Pubs and dupes' destructive obstruction, fear mongering, hate and lies...cheering USA problems...
     
  10. Quantum Windbag
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    Quantum Windbag Gold Member

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    It would probably be as big a success as the Volt.
     

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