Nationalizing GM

Discussion in 'Politics' started by alan1, Apr 28, 2009.

  1. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    washingtonpost.com

    Snips,
    Now, isn't this interesting, the government put in $18 billion dollars and gets 50% of the company, the UAW has a $20 billion stake and gets 39% of the company, and the bond holders that have $27 billion invested (more than either other group) gets a measly 10% of the company.
    Quite interesting how Mr Obama's administration can just declare themselves the controlling share of a company when they haven't invested the actual dollars to really own control.
     
  2. WillowTree
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    WillowTree Diamond Member

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    see what happens to the loyal lenders?.. aka bondholders? they get shat upon.. that's democwat justice for ya.. guarandamntee ya,, I'll never buy a government car.
     
  3. Vel
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    Vel Gold Member

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    Have no fear..my Congressman's office says that "The congressman is carefully monitoring the situation." And in other news....pigs have learned to fly and have been spotted in the skies above D.C. ....
     
  4. 007
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    007 Charter Member Supporting Member

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    This is how it works in oblahma's America.... he is king, and he can do as he damn well pleases, and you are expected to LIKE it.
     
  5. Indiana Oracle
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    Indiana Oracle The Truth is Hard to Find

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    Would imagine the usual "Obama Theory of Business Influence" (OTOBI) will apply. To wit: Own control of enterprise, use as needed for political purposes, take no responsibility for decisions within enterprise, control decisions around the enterprise.
     
    Last edited: Apr 29, 2009

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