taxpayers taking $40 billion hit on gm.

**I invented that** · 12-19-2012, 10:07 AM

So much for the governments attempt at venture capitalism

http://www.zerohedge.com/news/2012-1...-stake-50-loss

**shitcunt** · 12-19-2012, 10:17 AM

that's 40 billion of "good debt".

**Billy** · 12-19-2012, 10:35 AM

Buy a Ford. They didn't take any money.

**stripes** · 12-19-2012, 10:39 AM

news this morning reported price discounts of 9k-13k for new chevy trucks

**MatthewT** · 12-19-2012, 10:59 AM

wow, i thought they at least capped it at $35Billion..

**SiriusDawg** · 12-19-2012, 11:49 AM

GM has done well over the past three years, piling up $16 billion in profits as car sales bounced back.

Stop hating Capitalism you cock-sucking, Capitalism-hating, homosexuals

**MatthewT** · 12-19-2012, 12:35 PM

yeah, bypassing the courts and doing a bankruptcy by fiat, while injecting it with taxpayer dollars never voted for by congress, is the way we should do things now

we want a king. i guess. but we'll settle for a half blaek dictator

**I invented that** · 12-19-2012, 12:38 PM

Originally Posted by SiriusDawg

Stop hating Capitalism you cock-sucking, Capitalism-hating, homosexuals

GM has done well over the past three years, piling up $16 billion in profits as car sales bounced back.

Stop hating Capitalism you cock-sucking, Capitalism-hating, homosexuals

good for gm they dont have to pay any taxes on that profit and it only cost taxpayers $40 billion

**stripes** · 12-19-2012, 12:45 PM

i remember as a kid the gubment bailed out chrysler & fucked them twice by saddling all the gubment contracts with those fucken k-cars that lasted 10k miles. damn peices of shit they were

**stripes** · 12-19-2012, 12:48 PM

damn those things were funny...wtf?

**MatthewT** · 12-19-2012, 01:04 PM

now they got their buddies buying Chevy Volts as though they were worth the cost of making them, and inflating the number of Chevy Volts sold

government sucks ass so hard it ain't funny anymore

**MatthewT** · 12-19-2012, 01:05 PM

er, "their buddies at GE" belonged above

**Bosch76** · 12-19-2012, 02:50 PM

Originally Posted by MatthewT

yeah, bypassing the courts and doing a bankruptcy by fiat, while injecting it with taxpayer dollars never voted for by congress, is the way we should do things now

we want a king. i guess. but we'll settle for a half blaek dictator

You are confused about what a court bankruptcy is.

**MatthewT** · 12-19-2012, 05:05 PM

Originally Posted by Bosch76

You are confused about what a court bankruptcy is.

how so sports fan?

**SiriusDawg** · 12-20-2012, 09:14 AM

Originally Posted by i invented that

good for gm they dont have to pay any taxes on that profit

stop hating capitalism!

**SiriusDawg** · 12-20-2012, 09:15 AM

Originally Posted by Bosch76

You are confused about what a court bankruptcy is.

He was on a roll. Just let him go.....poor homo still thinks he understands financial issues

**I invented that** · 12-20-2012, 10:59 AM

Originally Posted by SiriusDawg

stop hating capitalism!

What's your definition of capitalism? GM profits on the back of taxpayers. Corporate welfare at it's finest.

**MatthewT** · 12-20-2012, 11:30 AM

court bankruptcy: the bond holders would not have been robbed; the unions would not have made out like bandits; the company would either restructure and come out stronger, or liquidate

obama bankruptcy: the bond holders were robbed, as were the taxpayers; the unions pocketed tens of billions of dollars, and the company is still weak; maybe even weaker than before.

who doesn't understand the process again?