Well, it looks like the jury is in, and the GM bailout paid off. The government made more money on the deal than it spent, and GM seems to be doing better. Although I was skeptical, and at the time, I thought GM deserved to die, I guess I was wrong. [image] [image]

It was worth it to me not to see Made in China, written in Spanish also.

There was no “Bailout”… GM was allowed to declare bankruptcy under special terms. The stock and bond holders were wiped out, nobody got “bailed out” except maybe the UAW’s pension fund…The government ended up owning and operating the company, all the old GM executives and Board of Directors were GON…

I try to be realistic in my Monday morning quarterbacking and 49 to 48 win is still a win. Obama has done better than I had imagined. We could be standing in bread lines.

“Obama has done better than I had imagined” Before the free-for-all starts and we get into ridiculous things about “socialism” (did I say ridiculous yet?), I’d just mention that the feds were in serious bailout mode long before Obama took office. What’s funny now is that critics like to make out h…

It could turn out OK. My wish is that pickup trucks could be made the same size that they used to be made. We used to get by on 15" tires and our 4WD trucks could still plow snow. They were much heavier in those days but most pickups still have about six hundred pounds that they don’t need. It’s mos…

You can thank Dodge and its customers for that trend of making pickup trucks into small Tractors. The others followed where the money went. BC.

That’s the “NEW”. GM stock…The old stock is worthless… Key word “Bankruptcy” [image] G.M. Bankruptcy Plan Clears Bondholder Hurdle The bondholders agreed to exchange their debt for an ownership stake in the ailing carmaker, clearing the final obstacle to an orderly bankruptcy. …

My propensity to pragmatism is somewhat extreme,(I don’t have a 3/4 in combination wrench in my tool box). And from my point of view it would appear that the posturing and pandering of politicians to the extremes on the right and left leaves no room for practical answers. But we seem to get what we …

Sounds like you live in my neighborhood.

Bailout of Detroit - Was it worth it?

General Discussion

AL5000 November 23, 2010, 2:18pm 16

Not true. Stock was not deemed worthless, there was no bankruptcy. In fact it’s value has rebounded nicely.

Topic		Replies	Views
GM bailout final numbers General Discussion	115	4454	December 17, 2013
GM trying to get out of warranties, your thoughts General Discussion	83	4222	September 18, 2011
GM Posts Record Profits General Discussion	77	4120	February 29, 2012
Should we bail out Detroit? The Show used , suzuki	249	9579	November 22, 2010
GM - Largest Company General Discussion	28	2164	April 5, 2012

Bailout of Detroit - Was it worth it?

Related topics