Posted by Gun Guru on April 26, 2010 at 16:13:14 from (66.227.197.252):
In Reply to: OT GM Lies posted by Bryan in iowa on April 26, 2010 at 11:01:04:
I guess that they only owe the US governement 6 billion is what I read.
Think about this: For years GM sold retail bonds on the market, even while the company was losing millions of dollars a day, super bad management. Common stock holders were wiped out and GM common stock became worthless paper, real sad. I remember when GM common stock was $90 just 10 years ago.
If GM wants to do the right thing then get tough with the UAW, make ALL employees take a 15% wage cut. (that includes Executives) and cut the company cars and put someone accountable for all the hardware in all the GM plants. The theft that occurs is sickening.
I sold my GM bonds last week....I am super lucky, I am waiting for the statement from the broker cause I still want to see it with my own eyes.
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