Posted by VernMI on November 20, 2010 at 04:39:23 from (209.86.226.24):
In Reply to: O/T GM stock posted by 37 Chief on November 19, 2010 at 17:33:59:
Not worth a penny but they did give the UAW 20% of the New GM. The UAW got a big share of the New GM but the former stock holders, bond holders, and small business creditors got nothing. It only makes sense from a political standpoint. The taxpaying general public got screwed.
I know the argument that they employ a lot of people so we can not let them fail. If that's the answer then let's convert over to communism and then there won't be any failed companies like GM. Every company would fall under the same umbrella and would not have to worry about fiscal responsibility. Big government is the answer it seems.
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Today's Featured Article - Tuning-Up Your Tractor: Secondary Ignition Wires and Distributor - by Curtis Von Fange. In our last episode we spent the entire day checking out the spark plugs. Is that efficency? Actually, it took more time to explain than it really did to do the inspection. At any rate we decided that a compression test was in order so we could verify the internal engine status. That way we wouldn't buy any tune up parts until we were sure that the engine was in reasonable mechanical condition. Our tests showed a fictional compression reading of 85, 80, 82 and 86 psi. That is well within a
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