GM's European unit Opel yesterday denied a report in Germany's Bild newspaper that it plans to...

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deercreekvols Comments (2902)
 
This on the heels that GM could be heading for a second bankruptcy.

The government has to be so happy to own billions of dollars of GM stock following the bailout of this company. The company had no real plan to keep itself out of trouble, this much is clear now.

Reports are that if government were to sell GM shares now, they (we, the taxpayers) would lose $25B.

What a great investment of taxpayer money!

What are the indicators that the government uses in choosing which companies to bailout and which go bust? There are plenty of Kodak employees that would like to know, I am sure. Hundreds of companies have declared bankruptcy with no government intervention. What makes GM so special
26 Aug 2012, 06:50 PM Reply Like

MICHAELIRISH131 Comments (43)
 
The structure of the auto industry and its supply chain plus financials (car loans/clunker equity) at the time Lehmans failure would have been a second black swan futher deteriorating would several economies and the dark days following Lehmans would not have ended. Economies would have stalled then crashed with no signs of recovery. An event no one wants to see. GM Ford Chrystler Toyota Nissan and all the rest could only build tanks and planes. The tax payer back stop would be non-refundable. Remember many of these companies received tax refunds, negative revenue to the treasury for several years.
26 Aug 2012, 07:45 PM Reply Like

holydawn Comments (55)
 
Hmm, GM had 2 chances to make it work, didn't happen. It's time to incorporate GM into Ford, a company that actually has a future.
26 Aug 2012, 11:53 PM Reply Like