http://www.comcast.net/articles/news-gen....GM.Loans/

Looks like "socialism" works sometimes. :)

Quote:The automaker hopes to begin repaying the remaining $45.3 billion to the U.S. government and $8.1 billion to Canada via a public stock offering, perhaps later this year. The U.S. government now owns 61 percent of the company and Canada owns roughly 12 percent.

8.1 Billion down, 53.4 billion to go.

Full and partial repayment are not quite the same.

Nice try ...........

.

(04-21-2010 03:07 PM)Cletus Wrote:  Full and partial repayment are not quite the same.

Nice try ...........

.

It is filled out with the name: Cletus
Reason: Watching Faux and not reading article in post.

"But during bankruptcy, the U.S. government reduced the loan portion to $6.7 billion and converted the rest to company stock, while the Canadian government held $1.4 billion in loans. Those loans were repaid Tuesday, five years ahead of schedule."

When are the shareholders getting their money back? How much of their debt load was eliminated by bankruptcy reorg.

(04-21-2010 02:43 PM)RobertN Wrote:  http://www.comcast.net/articles/news-gen....GM.Loans/

Looks like "socialism" works sometimes. :)

Yeah, they pay back less than 15% of what they owe and that's not counting interest. The union, who, if anything, helped the demise of GM, gets a percentage of ownership. And government cherry picks who will lead a private company. And you're happy with this.

(04-21-2010 04:56 PM)SumOfAllFears Wrote:  When are the shareholders getting their money back? How much of their debt load was eliminated by bankruptcy reorg.

1st, my guess is that when GM goes public we will be getting our money back. Second, it doesn't sound like any. It sounds like the court said to put the rest of the "loan" money into stocks meaning that none of it was eliminated(read the quote I posted). You seem to have difficulty reading.

(04-21-2010 05:05 PM)smn1256 Wrote:  

(04-21-2010 02:43 PM)RobertN Wrote:  http://www.comcast.net/articles/news-gen....GM.Loans/

Looks like "socialism" works sometimes. :)

Yeah, they pay back less than 15% of what they owe and that's not counting interest. The union, who, if anything, helped the demise of GM, gets a percentage of ownership. And government cherry picks who will lead a private company. And you're happy with this.

Try reading. The answer is in the quote I gave in the response to or is it

You mean you can get 0% interest loans providing you with billions in capital and suddenly turn a profit? REALLY?!?!

Now about the loss the US taxpayer incurred in:
1) Inflation to print the money to bailout GM
2) ... OR ... interest on the still outstanding loans from foreign governments which is still accruing

Or the loses incurred by GM long term in:
1) The permanent ill will toward GM from taxpayers with an above room level IQ and understanding of economics
2) Mirrored unfavorable treatment from foreign governments in overseas markets


Well I guess that doesn't count, huh Robert?


I will never buy a GM product. Ever. I've owned a Mitsubishi and a Mazda, and loved both, and both did great.

(04-21-2010 07:52 PM)RobertN Wrote:  

(04-21-2010 05:05 PM)smn1256 Wrote:  

(04-21-2010 02:43 PM)RobertN Wrote:  http://www.comcast.net/articles/news-gen....GM.Loans/

Looks like "socialism" works sometimes. :)

Yeah, they pay back less than 15% of what they owe and that's not counting interest. The union, who, if anything, helped the demise of GM, gets a percentage of ownership. And government cherry picks who will lead a private company. And you're happy with this.

Try reading. The answer is in the quote I gave in the response to or is it

Why would I read it when it's been on the news all friggin day?

(04-21-2010 08:33 PM)smn1256 Wrote:  

(04-21-2010 07:52 PM)RobertN Wrote:  

(04-21-2010 05:05 PM)smn1256 Wrote:  

(04-21-2010 02:43 PM)RobertN Wrote:  http://www.comcast.net/articles/news-gen....GM.Loans/

Looks like "socialism" works sometimes. :)

Yeah, they pay back less than 15% of what they owe and that's not counting interest. The union, who, if anything, helped the demise of GM, gets a percentage of ownership. And government cherry picks who will lead a private company. And you're happy with this.

Try reading. The answer is in the quote I gave in the response to or is it

Why would I read it when it's been on the news all friggin day?

Good point. You can't read so you just watched Faux.

(04-21-2010 07:38 PM)RobertN Wrote:  

(04-21-2010 04:56 PM)SumOfAllFears Wrote:  When are the shareholders getting their money back? How much of their debt load was eliminated by bankruptcy reorg.

1st, my guess is that when GM goes public we will be getting our money back. Second, it doesn't sound like any. It sounds like the court said to put the rest of the "loan" money into stocks meaning that none of it was eliminated(read the quote I posted). You seem to have difficulty reading.

You can't read the article. No less understand it. The shareholders lost their investment. The way they became profitable with taxpayer money is because the debt load from shareholders and bondholders was nullified by the Obama Bailout and Bk Ct. They gave the Unions a share.

(04-21-2010 09:25 PM)SumOfAllFears Wrote:  

(04-21-2010 07:38 PM)RobertN Wrote:  

(04-21-2010 04:56 PM)SumOfAllFears Wrote:  When are the shareholders getting their money back? How much of their debt load was eliminated by bankruptcy reorg.

1st, my guess is that when GM goes public we will be getting our money back. Second, it doesn't sound like any. It sounds like the court said to put the rest of the "loan" money into stocks meaning that none of it was eliminated(read the quote I posted). You seem to have difficulty reading.

You can't read the article. No less understand it. The shareholders lost their investment. The way they became profitable with taxpayer money is because the debt load from shareholders and bondholders was nullified by the Obama Bailout and Bk Ct. They gave the Unions a share.

Well, if it was "old" GM stock, then I guess it was lost. Of course, that also means that you can't call it Government Motors anymore. If it means stock from "new" GM then when it goes public and the price goes up, we make money.

(04-21-2010 09:40 PM)RobertN Wrote:  

(04-21-2010 09:25 PM)SumOfAllFears Wrote:  

(04-21-2010 07:38 PM)RobertN Wrote:  

(04-21-2010 04:56 PM)SumOfAllFears Wrote:  When are the shareholders getting their money back? How much of their debt load was eliminated by bankruptcy reorg.

1st, my guess is that when GM goes public we will be getting our money back. Second, it doesn't sound like any. It sounds like the court said to put the rest of the "loan" money into stocks meaning that none of it was eliminated(read the quote I posted). You seem to have difficulty reading.

You can't read the article. No less understand it. The shareholders lost their investment. The way they became profitable with taxpayer money is because the debt load from shareholders and bondholders was nullified by the Obama Bailout and Bk Ct. They gave the Unions a share.

Well, if it was "old" GM stock, then I guess it was lost. Of course, that also means that you can't call it Government Motors anymore. If it means stock from "new" GM then when it goes public and the price goes up, we make money.

Spin Spin Spin. People were harmed. They poured out their money. It was theft of the worse kind by the Government. They nationalized it just like any two bit, third world dictator..

(04-21-2010 08:27 PM)georgia_tech_swagger Wrote:  You mean you can get 0% interest loans providing you with billions in capital and suddenly turn a profit? REALLY?!?!

Now about the loss the US taxpayer incurred in:
1) Inflation to print the money to bailout GM
2) ... OR ... interest on the still outstanding loans from foreign governments which is still accruing

Or the loses incurred by GM long term in:
1) The permanent ill will toward GM from taxpayers with an above room level IQ and understanding of economics
2) Mirrored unfavorable treatment from foreign governments in overseas markets


Well I guess that doesn't count, huh Robert?


I will never buy a GM product. Ever. I've owned a Mitsubishi and a Mazda, and loved both, and both did great.

Good. Don't buy one. If you are worried about losses now, just imagine how much your attitude will cost us in the future.

(04-21-2010 11:34 PM)SumOfAllFears Wrote:  

(04-21-2010 09:40 PM)RobertN Wrote:  

(04-21-2010 09:25 PM)SumOfAllFears Wrote:  

(04-21-2010 07:38 PM)RobertN Wrote:  

(04-21-2010 04:56 PM)SumOfAllFears Wrote:  When are the shareholders getting their money back? How much of their debt load was eliminated by bankruptcy reorg.

1st, my guess is that when GM goes public we will be getting our money back. Second, it doesn't sound like any. It sounds like the court said to put the rest of the "loan" money into stocks meaning that none of it was eliminated(read the quote I posted). You seem to have difficulty reading.

You are delusional.

You can't read the article. No less understand it. The shareholders lost their investment. The way they became profitable with taxpayer money is because the debt load from shareholders and bondholders was nullified by the Obama Bailout and Bk Ct. They gave the Unions a share.

Well, if it was "old" GM stock, then I guess it was lost. Of course, that also means that you can't call it Government Motors anymore. If it means stock from "new" GM then when it goes public and the price goes up, we make money.

Spin Spin Spin. People were harmed. They poured out their money. It was theft of the worse kind by the Government. They nationalized it just like any two bit, third world dictator..

(04-21-2010 11:48 PM)RobertN Wrote:  

(04-21-2010 08:27 PM)georgia_tech_swagger Wrote:  You mean you can get 0% interest loans providing you with billions in capital and suddenly turn a profit? REALLY?!?!

Now about the loss the US taxpayer incurred in:
1) Inflation to print the money to bailout GM
2) ... OR ... interest on the still outstanding loans from foreign governments which is still accruing

Or the loses incurred by GM long term in:
1) The permanent ill will toward GM from taxpayers with an above room level IQ and understanding of economics
2) Mirrored unfavorable treatment from foreign governments in overseas markets


Well I guess that doesn't count, huh Robert?


I will never buy a GM product. Ever. I've owned a Mitsubishi and a Mazda, and loved both, and both did great.

Good. Don't buy one. If you are worried about losses now, just imagine how much your attitude will cost us in the future.

I look forward to the day GM goes bankrupt, and their assets are liquidated and sold for a fraction of their value to companies who deliver a far superior product at a far superior price ... most likely made in manufacturing plants located right here in the South.

(04-22-2010 12:05 AM)georgia_tech_swagger Wrote:  

(04-21-2010 11:48 PM)RobertN Wrote:  

(04-21-2010 08:27 PM)georgia_tech_swagger Wrote:  You mean you can get 0% interest loans providing you with billions in capital and suddenly turn a profit? REALLY?!?!

Now about the loss the US taxpayer incurred in:
1) Inflation to print the money to bailout GM
2) ... OR ... interest on the still outstanding loans from foreign governments which is still accruing

Or the loses incurred by GM long term in:
1) The permanent ill will toward GM from taxpayers with an above room level IQ and understanding of economics
2) Mirrored unfavorable treatment from foreign governments in overseas markets


Well I guess that doesn't count, huh Robert?


I will never buy a GM product. Ever. I've owned a Mitsubishi and a Mazda, and loved both, and both did great.

Good. Don't buy one. If you are worried about losses now, just imagine how much your attitude will cost us in the future.

I look forward to the day GM goes bankrupt, and their assets are liquidated and sold for a fraction of their value to companies who deliver a far superior product at a far superior price ... most likely made in manufacturing plants located right here in the South.

Yeah, thats great. Let one of the last(and probably largest) manufacturing sectors in the country go out of business. So what happens when manufacturing completely ends in this country? As for "companies who deliver a far superior product at a far superior price". I would be interested in what you come up with here. Toyota? Not anymore. The quality has been slipping ever since they started building them in the south. Hell, even Hyundai is even getting up there in cost and really isn't all that much less for many of their cars. Honda isn't cheap. Many new GM's have done well in reviews(not all-they are still catching up).

So will GM also fully fund the pension they guaranteed the union instead of making the US taxpayers do it? No.

GM sucks.

Edit: On a side note, in Dayton, Ohio, all the GM retirees are done with the company. They are buying anything but GM products. The people I work with in IT are done with GM. If GM ever is going to put it back together at the level they had before they have a lot of PR work to do.

(04-22-2010 12:19 AM)RobertN Wrote:  

(04-22-2010 12:05 AM)georgia_tech_swagger Wrote:  

(04-21-2010 11:48 PM)RobertN Wrote:  

(04-21-2010 08:27 PM)georgia_tech_swagger Wrote:  You mean you can get 0% interest loans providing you with billions in capital and suddenly turn a profit? REALLY?!?!

Now about the loss the US taxpayer incurred in:
1) Inflation to print the money to bailout GM
2) ... OR ... interest on the still outstanding loans from foreign governments which is still accruing

Or the loses incurred by GM long term in:
1) The permanent ill will toward GM from taxpayers with an above room level IQ and understanding of economics
2) Mirrored unfavorable treatment from foreign governments in overseas markets


Well I guess that doesn't count, huh Robert?


I will never buy a GM product. Ever. I've owned a Mitsubishi and a Mazda, and loved both, and both did great.

Good. Don't buy one. If you are worried about losses now, just imagine how much your attitude will cost us in the future.

I look forward to the day GM goes bankrupt, and their assets are liquidated and sold for a fraction of their value to companies who deliver a far superior product at a far superior price ... most likely made in manufacturing plants located right here in the South.

Yeah, thats great. Let one of the last(and probably largest) manufacturing sectors in the country go out of business. So what happens when manufacturing completely ends in this country? As for "companies who deliver a far superior product at a far superior price". I would be interested in what you come up with here. Toyota? Not anymore. The quality has been slipping ever since they started building them in the south. Hell, even Hyundai is even getting up there in cost and really isn't all that much less for many of their cars. Honda isn't cheap. Many new GM's have done well in reviews(not all-they are still catching up).

Ford, Nissan, Volkswagon.....As to your Honda comment:

Model Year 2010 2010
Model Ridgeline Avalanche
Trim RTL LT
Body 4dr SUT 4dr SUT
Base Price $34,430 $38,830