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Gm ipo
- Thread starter Wobble
- Start date
phragle
Charter Member
????????? The govt owns what, like 70%, controlling interest, veto power on all decisions, and day to day input. when exactly was the last time the fed. govt. ran ANYTHING successfull??? this is the same govt. that prides itself on $600 toilet seats an $900 screwdrivers....
Ratickle
Founding Member / Super Moderator
I think it's one of the biggest acts of thievery ever in this country. The old secured creditors got screwed out of their constitutionally protected secured assets by a scum-sucking maggot of an attorney who has the protection of the government Senate and House behind him to squelch all opposition to his strong arm facist takeover. :boxing_smiley:
Is that what you were asking?:sifone:
Is that what you were asking?:sifone:
Davidmnc
Contributor
Tell us how you really feel! :lurk5:
Wobble
Charter Member
Well, it is what it is.:lurk5: On the other hand they have good product and low debt.
Last edited:
cuda
Banned
The difference between an attorney and a carp.
One is a scum sucking bottom dwelller, and the other is a fish.
BBB725
Benefactor
Great reply, other words run Forest run:biggrinjester:
Ratickle
Founding Member / Super Moderator
My personal opinion, they will go bankrupt again. They have the free billions, plus the loaned billions to pay back. But, they get this stuff for free for 25 years or something so, in the meantime, they should be real nice on a balance sheet. I do believe this mess with both Chrysler and GM will force Ford into Bankruptcy instead of the spot up front they deserve. Because they did things legally, they will be penalized in the long run.
I will never buy a Chrysler, it's really a Fiat and they took billions of our tax money and gave an entire corporation away to a foreign corporation. I guarantee you there is a kickback there of somekind just like Clinton got from the Chinese after he left office.
As for GM, I will not buy one until the government is completely out of the company. Period. They could have at least gave the company to a US corporation who knows how to operate a company.
So, the IPO will prosper in my opinion for awhile. Just remember, the US Government and the UAW are running the company, and auditing the books.
JupiterSunsation
New member
+1....dead money investment, govt. isn't a profit generator it is a drain/spender of other people's money.
JupiterSunsation
New member
Since when are investments secured by the constitution? Corporate bonds are only secured with the assets of the company and has nothing to do with the constitution.
The Constitution of the United States of America is the supreme law of the United States. It is the foundation and source of the legal authority underlying the existence of the United States of America and the Federal Government of the United States. It provides the framework for the organization of the United States Government. The document defines the three main branches of the government: The legislative branch with a bicameral Congress, an executive branch led by the President, and a judicial branch headed by the Supreme Court. Besides providing for the organization of these branches, the Constitution outlines obligations of each office, as well as provides what powers each branch may exercise. It also reserves numerous rights for the individual states, thereby establishing the United States' federal system of government. It is the shortest and oldest written constitution of any major sovereign state.[1
gerritm
New member
What ever happened to people who invested in GM and bought common stock? I am guessing they have wallpapered their bathrooms with the paper. When they get paid back and the government gets out of the auto business I would consider a GM vehicle again. Until then it is Ford or foreign (but made in the US).
RLJ676
New member
The gov't (reportedly) has nothing to do with anything going on other than appointing some board members. These board members are typical corporate turnaround types, not lefty gov't people.
So far, I have not heard of a single decision being called by the gov't, and see no plans for that to increase as they try and exit ownership.
Wobble
Charter Member
thats going to play hell with your boating power needs:sifone:
Ratickle
Founding Member / Super Moderator
It also states in article 3 section 8 that only Congress can establish bankruptcy law and it must be uniform throughout all states. Then, under the bankruptcy laws congress established, once a bankruptcy is filed, all assets must be listed and only the creditors can establish value and distribution under the auspices of an article III judge. No one else. Not the US President or any of his Executive branch appointees.
Ratickle
Founding Member / Super Moderator
Same. Although I believe Government Motors will bankrupt Ford.
