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    GM expected to file bankuptcy on Mon


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    Re: GM expected to file bankuptcy on Mon

    poor ownership and leaders...

    life is a competition and GM has lost


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    Re: GM expected to file bankuptcy on Mon

    Quote Originally Posted by RyCy04 View Post
    Somehow I don't think they're going to make the kind of recovery from $1 stock that Ford made...


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    Re: GM expected to file bankuptcy on Mon

    American tax payers will own 70 % of GM I believe if the file



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    Re: GM expected to file bankuptcy on Mon

    Quote Originally Posted by hurdleisu24 View Post
    American tax payers will own 70 % of GM I believe if the file
    Actually, from what I saw on CNN this morning I think it was unions owning 72.5%, government (taxpayers) owning 17.5%, and bondholders owning 10.0%. That's bass-ackwards if you ask me...


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    Re: GM expected to file bankuptcy on Mon

    Quote Originally Posted by jdoggivjc View Post
    Actually, from what I saw on CNN this morning I think it was unions owning 72.5%, government (taxpayers) owning 17.5%, and bondholders owning 10.0%. That's bass-ackwards if you ask me...

    What did the union invest in this company? How many billions of their dollars did they loan the company to stay afloat?


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    Re: GM expected to file bankuptcy on Mon

    Quote Originally Posted by brianhos View Post
    What did the union invest in this company?
    Thousands of union workers sitting in factories across the nation doing nothing all day/night... (kind of)


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    Re: GM expected to file bankuptcy on Mon

    It is unfortunate that Bond holders will be the group that gets the least when they deserve the most by the law.



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    Re: GM expected to file bankuptcy on Mon

    Quote Originally Posted by jdoggivjc View Post
    Actually, from what I saw on CNN this morning I think it was unions owning 72.5%, government (taxpayers) owning 17.5%, and bondholders owning 10.0%. That's bass-ackwards if you ask me...
    You have it backwards, Unions will own 17.5% per CNN.com
    Bankruptcy will force lots of changes on GM - May. 29, 2009

    "New GM could just as well be called "Government Motors," because the U.S. is going to own 72.5% of it..."



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    Re: GM expected to file bankuptcy on Mon

    Quote Originally Posted by khess83 View Post
    It is unfortunate that Bond holders will be the group that gets the least when they deserve the most by the law.
    Yeah but they could have approved the changes that GM and UWA wanted to make and they didn't so in a way that is justice there



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    Re: GM expected to file bankuptcy on Mon

    Quote Originally Posted by vanillathrilla View Post
    You have it backwards, Unions will own 17.5% per CNN.com
    Bankruptcy will force lots of changes on GM - May. 29, 2009
    Could be - I just scribbled down the numbers, I didn't put the names from the graphic next to them.


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