Welcome Guest [Log In] [Register]
Add Reply
Backlash againt GM Growing
Topic Started: Sep 17 2012, 01:09 PM (170 Views)
Baldo
Member Avatar

General Motors pushing U.S. to sell stake: report

CHICAGO (MarketWatch) -- The Treasury Department is resisting General Motors' push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company's reputation and its ability to attract top talent due to pay restrictions. Earlier this year, GM GM -1.16% presented a plan to repurchase 200 million of the 500 million shares the U.S. holds with the balance being sold via a public offering. But officials at the Treasury Department were not interested as selling now would lead to a multibillion dollar loss for the government, the newspaper noted.

http://www.marketwatch.com/story/general-motors-pushing-us-to-sell-stake-report-2012-09-17


American Taxpayer's Loss on GM Stock Investment

A petition is being circulated.
http://www.bailoutcost.com/


I really do love my Chevy Pickup, but if I were to buy another I would think twice because of the bailout.
Offline Profile Quote Post Goto Top
 
Joan Foster

We built a house last year and refused to have anything made by GE in it anywhere. Absolutely in the tank for Obama.

I would not buy a GM car if it was offered for a dollar. I think of it as Obama motors. Luckily, no one that I know has any of their junk.

And if any of you do wish to purchase, take it from those who live in GM areas and take heed of what the guys on the line say....Don't buy anything the Union Brothers make on Friday or Monday.

Think about it. :puk:
Edited by Joan Foster, Sep 17 2012, 01:17 PM.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Join the millions that use us for their forum communities. Create your own forum today.
Learn More · Register Now
« Previous Topic · LIESTOPPERS UNDERGROUND · Next Topic »
Add Reply