GM Files Chapter 11: Its Bonds and Shares Rise
[View article]
If GM were to liquidate back in November like those southern anti union senators wanted we would be in a depression right now!! I support our president 100% and blame trade agreements that favor foreign interests and Cafe & EPA standards and the health care industry that has seen costs rise 10 times as much as inflation in the last 10 years!!
GM Bondholders vs. UAW Retirees: False Equivalence [View article]
Anybody who says that UAW workers make too much $$$ has never stepped foot on a automobile assembly line. Anybody who says UAW workers have gold plated benefits has never stood in a UAW benefits office and tried to get GM to pay for anything. Anybody who feels sorry for the Greedy Wall Street Bondholders who created this economic mess in the first place is crazy!!!
Anytime you invest there is a little thing called RISK!! I dont feel sorry for the bondholders at all!!! I do feel bad for all the hard working blue collar workers at the plants and dealerships that are closing just so GM can open up more plants in foreign countries and pay people 3 dollars a day!!!
'Government' Motors or Ford: Which Automaker Will Remain Viable? [View article]
Who cares about the greedy bondholder, hedge fund, credit default, Wall Street bankers that got our country into this economic mess in the first place. Who cares if you buy a Ford or a GM. Just buy American and keep jobs in the USA!!!! Real jobs! Not number crushers who sit on their behinds all day complaining about Union workers and watching Fox News (The GOP channel) all day!!!!
I dont understand how you reward the hedge fund managers and the greedy Wall Street bankers who performed the credit default swaps that got our country into this economic mess in the first place and not the lunch pale blue collar worker that built this great country of ours with his hands. Even after the Union worker has opened up his contract twice in the last 4 years for numerous give backs and bondholders refuse to take a haircut!!!!
Chrysler Bankruptcy Going According to Plan [View article]
I dont feel sorry for the bondholders AT ALL!!! There is risk when you invest!!! They need to take a haircut just like the UAW did by opening their contract twice in the last 4 years and the dealers and GM management. All have to take a haircut. most of these Greedy Wall Street bondholders are the same companies and individuals who got us into this economic mess in the first place!!
PUHLEASE !Where do they get these writers?And that fuzzy math. I cant stand when someone writes about something he has no idea about except what he watches on FOX News (The GOP Channel). Try working on an assembly line making 50 vehicles an hour and then try writing a piece. Most autoworkers I know live in modest cape cods not Mcmansions. Why do people always have to put down manufacturing work. Some people take pride in working with their hands and building things not sitting on his or her %ss behind a computer!!!
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