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Treasury Directs GM to Get Ready for Bankruptcy

Discussion in 'Political Discussion' started by patsfan13, Apr 13, 2009.

  1. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well this should be interesting, the plan appears to be to break GM into 2 pieces, the Good GM and the bad GM. The Good GM would be bought out and could become a viable concern (Buick ie is the most popular import in the PRC) the bad GM (dogs like Saturn & the pension medical retirement system) would be liquidated.

    My bet Uncle Sam will cover the cost of the UAW/GM pension medical benefits. This will be the payoff from the Dems to the UAW IMO.

    If this doesn't happen feel free to remind me of this prediction. If I am right it will demonstrate the corruption of the dems with our tax $$. Why should I fund the UAW benefits?

    Treasury Directs GM to Get Ready for Bankruptcy -- Seeking Alpha
  2. tanked_as_usual

    tanked_as_usual Banned

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    but both administrations had to blow a combined 20+B to figure this out........

    morons
  3. Fogbuster

    Fogbuster Rookie

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    .

    But, as I just saw on CNN, "....they will be re-organized, and substantially trimmed down. They won't be the big GM that we've always known, but they were too big anyway. They'll come back in a much trimmer, fitter organization, much like Honda or Hyundai." (!!!!)


    Ooooo, that hurts..... the freeloaders. :D


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