that the payments came from earnings. But not so.
- Original Message -
From: Michael Madigan mmadi10...@yahoo.com
To: ProFox Email List profox@leafe.com
Sent: Monday, April 26, 2010 3:17 AM
Subject: RE: [OT] GM Repays Govt Loans
All the former stockholders and bond holders and some dealers
which
implies that the payments came from earnings. But not so.
- Original Message -
From: Michael Madiganmmadi10...@yahoo.com
To: ProFox Email Listprofox@leafe.com
Sent: Monday, April 26, 2010 3:17 AM
Subject: RE: [OT] GM Repays Govt Loans
All the former stockholders and bond
All the former stockholders and bond holders and some dealers got screwed. Who
didn't get screwed? Why the United Autoworkers, that's who.
--- On Sat, 4/24/10, Carl Lindner c...@bdos.com wrote:
From: Carl Lindner c...@bdos.com
Subject: RE: [OT] GM Repays Govt Loans
To: 'ProFox Email List
[mailto:profox-boun...@leafe.com] On Behalf
Of Publius Maximus
Sent: Sunday, 25 April 2010 10:16 AM
To: ProFox Email List
Subject: Re: [OT] GM Repays Govt Loans
I wish good things for the new GM; only good things. America need an
industrial base, which can be provided by a strong auto industry
Of Publius Maximus
Sent: Sunday, 25 April 2010 10:16 AM
To: ProFox Email List
Subject: Re: [OT] GM Repays Govt Loans
I wish good things for the new GM; only good things. America need an
industrial base, which can be provided by a strong auto industry.
If we really wanted an industrial base, we'd do
Publius Maximus wrote:
Geoffardo:
On Sun, Apr 25, 2010 at 4:22 AM, geoff data...@adam.com.au wrote:
Yet another reason to thank God that minimus has no impact on policy.
Erecting trade barriers
Who said I wanted to erect a trade barrier? Indeed, under the system
we had from 1789-the mid
I was quite surprised with the GM turnaround - they had a lot of debt. The
following is from a Corvette mailing list...
On 4/24/2010 12:02 PM, Mike M. wrote:
So what happened to the old GM? Is it something we don't talk about? a
Mulligan? a Gimmie?
- The reply by David K... was
It repaid the government loans with... government money.
IOW, it's a joke.
- Publius
On Sat, Apr 24, 2010 at 2:14 PM, Carl Lindner c...@bdos.com wrote:
I was quite surprised with the GM turnaround - they had a lot of debt. The
following is from a Corvette mailing list...
On 4/24/2010 12:02
so basically a shell game, similar to what the banks are doing when they
park their assets off the balance sheets until after they report and
then move them back onto the balance sheet after reporting.
Don't know about you, but I consider that fraud.
On 4/24/2010 1:14 PM, Carl Lindner wrote:
: Saturday, April 24, 2010 2:19 PM
To: ProFox Email List
Subject: Re: [OT] GM Repays Govt Loans
It repaid the government loans with... government money.
IOW, it's a joke.
- Publius
On Sat, Apr 24, 2010 at 2:14 PM, Carl Lindner c...@bdos.com wrote:
I was quite surprised with the GM
Care to elaborate on how they did that?
::michael
On 4/24/10, Publius Maximus publius.b.maxi...@gmail.com wrote:
It repaid the government loans with... government money.
IOW, it's a joke.
- Publius
On Sat, Apr 24, 2010 at 2:14 PM, Carl Lindner c...@bdos.com wrote:
I was quite surprised
On Sat, Apr 24, 2010 at 3:02 PM, Michael Oke, II oke...@gmail.com wrote:
Care to elaborate on how they did that?
http://bit.ly/bfmInX
- - -
General Motors announced this week that it repaid its
multibillion-dollar taxpayer-backed TARP loans. GM even bragged that
it was able to “repay the
a shell game, but cannot be! The
government deemed it ok. QED!
Carl
-Original Message-
From: profox-boun...@leafe.com [mailto:profox-boun...@leafe.com] On
Behalf Of Virgil Bierschwale
Sent: Saturday, April 24, 2010 2:20 PM
To: ProFox Email List
Subject: Re: [OT] GM Repays Govt Loans
...@leafe.com] On
Behalf Of Virgil Bierschwale
Sent: Saturday, April 24, 2010 2:20 PM
To: ProFox Email List
Subject: Re: [OT] GM Repays Govt Loans
so basically a shell game, similar to what the banks are doing when
they
park their assets off the balance sheets until after they report
...@leafe.com] On
Behalf Of Virgil Bierschwale
Sent: Saturday, April 24, 2010 2:20 PM
To: ProFox Email List
Subject: Re: [OT] GM Repays Govt Loans
so basically a shell game, similar to what the banks are doing when
they
park their assets off the balance sheets until after they report
The stockholders got screwed in the GM bankruptcy, (eg chapter 11,
reorganization). The stockholders were essentially wiped out. The GM
labor union probably came out better than anyone else, as the GM pension
liability was exchanged for stock in the new GM. Essentially all other
debt of the
I wish good things for the new GM; only good things. America need an
industrial base, which can be provided by a strong auto industry.
If we really wanted an industrial base, we'd do away with the income
tax altogether, re-institute the ad-valorum tariff revenue system,
applicable to all
I too see this happening, but I am not familiar with the bastiat name.
please update me.
Thanks,
Virgil
http://www.KeepAmericaAtWork.com
On 4/24/2010 7:46 PM, Publius Maximus wrote:
I wish good things for the new GM; only good things. America need an
industrial base, which can be provided
On Sat, Apr 24, 2010 at 8:49 PM, Virgil Bierschwale vbier...@ktc.com wrote:
I too see this happening, but I am not familiar with the bastiat name.
please update me.
http://tinyurl.com/36brt8c
;-)
- Publius
Thanks,
Virgil
http://www.KeepAmericaAtWork.com
On 4/24/2010 7:46 PM, Publius
yeah, I saw that..
just wasn't sure it was the correct person...
Will read more.
Thanks,
Virgil
On 4/24/2010 7:54 PM, Publius Maximus wrote:
On Sat, Apr 24, 2010 at 8:49 PM, Virgil Bierschwalevbier...@ktc.com wrote:
I too see this happening, but I am not familiar with the bastiat
On 04/24/2010 07:46 PM, Publius Maximus wrote:
I wish good things for the new GM; only good things. America need an
industrial base, which can be provided by a strong auto industry.
If we really wanted an industrial base, we'd do away with the income
tax altogether, re-institute the
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