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 - Trailering Your Tractor - by Curtis Von Fange. One of the fun things of summer and fall are the parades and tractor shows that go on across America. Many owners of tractors travel long distances to attend these shows and they usually take their restored iron along with them. Safe trailering practices and inspections will ensure that the event is a fun one. A good habit to develop when using a trailer is to give that �quick look over� before taking it on a trip. Before hooking up to it check the tongue for proper operation. The latche
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