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Thread: GM bailout costs each taxpayer $12,200

  1. #16
    Member NBuffaloResident's Avatar
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    Quote Originally Posted by Dougles View Post
    Because they want out of a worthless company??

    Don't you thinkthose smart unions would rather own part of the "great" company they work for/with? Wouldn't they want to keep a big share of a "profitable" company to provide better benefits for there sheep?


    By the way, we didn't buy high... it was either give them the money or watch the investment failed... and the unions had a lot invested... They have no choice!

    Not to mention your quote said NOTHING about demand for more... only that the Govt and unions wanted to SELL more...
    Worthless companies don't IPO at $33/share, and at opening jump to $35/share, and keep climbing...
    Raptor Jesus: He went extinct for your sins.

  2. #17
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    Quote Originally Posted by NBuffaloResident View Post
    What the flock are you looking at:
    http://www.google.com/finance?q=NYSE%3AGM

    +7.12%
    Check the high and the current... down 2.5%
    "I know you guys enjoy reading my stuff because it all makes sense. "

    Dumbest post ever! Thanks for the laugh PO!

  3. #18
    Member NBuffaloResident's Avatar
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    Quote Originally Posted by Dougles View Post
    Check the high and the current... down 2.5%
    You idiot... It's up 2.36 right now... 7.12% It's high was 35.99 per share, and is currently 35.31
    Raptor Jesus: He went extinct for your sins.

  4. #19
    Member PickOranges's Avatar
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    Of course stocks go up and down.. Later, they also can split too. Our govt could of made them all preferred shares too which would of been what.. over $50 a share.. I could go on on with the IFs..
    Kiss someone that's different. It helps.
    Lets get the facts first, then go for the jugular!!
    It's all transparent, just read between the lines..

  5. #20
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    Quote Originally Posted by NBuffaloResident View Post
    Worthless companies don't IPO at $33/share, and at opening jump to $35/share, and keep climbing...
    And companies that are worth "60 Billion" don't open up at a 50 Billion IPO price either...


    I should clarify my positions on GM....

    I hope they do well, I hope they get their money back, I personally feel this IPO was rushed and as a TAX PAYER we are currently in the position to lose 9 BILLION on this "investment".

    I personally don't think the govt should have given them so much money... the union should have given more... But we can't change that now.

    Most of me and a lot of other professtional's believe that this IPO was rushed for political reasons. GM/the govt/the unions, should have waited until the economy improved more (which would have left more money to invest) and they should have waited till GM showed they were a Profitable company for more than just one quarter.

    Again I hope they do well with this, but it was too soon and we stand to lose over 15% of OUR investment at the current rates.
    "I know you guys enjoy reading my stuff because it all makes sense. "

    Dumbest post ever! Thanks for the laugh PO!

  6. #21
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    Quote Originally Posted by NBuffaloResident View Post
    You idiot... It's up 2.36 right now... 7.12% It's high was 35.99 per share, and is currently 35.31
    You need to leave the name calling to the kids and start reading... it's down 2.5% from it's high of the day at 35.99!
    "I know you guys enjoy reading my stuff because it all makes sense. "

    Dumbest post ever! Thanks for the laugh PO!

  7. #22
    Member PickOranges's Avatar
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    I am just glad they stayed open. Do you know how many secondary jobs this affects? How much they are vital to our defense?


    I think the unions should of helped more too.. Money, pay cuts, no bitching or complaining..They better be buying stock too.
    Kiss someone that's different. It helps.
    Lets get the facts first, then go for the jugular!!
    It's all transparent, just read between the lines..

  8. #23
    Member NBuffaloResident's Avatar
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    Quote Originally Posted by Dougles View Post
    You need to leave the name calling to the kids and start reading... it's down 2.5% from it's high of the day at 35.99!
    And, it's up from today's opening price... The only people who care about minute-to-minute prices are hedge fund managers.
    Raptor Jesus: He went extinct for your sins.

  9. #24
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    Quote Originally Posted by PickOranges View Post
    I am just glad they stayed open. Do you know how many secondary jobs this affects? How much they are vital to our defense?

    And if GM went under you dont' think FORD wouldn't have picked up the slack?

    We've gone over this, had GM gone under the DEMAND for cars wouldn't have decreased, only the supply, which would have been made up for by other MFGS. And remember GM is one of the least "American made" care companies...

    China is taking some BIG positions in this IPO too.
    "I know you guys enjoy reading my stuff because it all makes sense. "

    Dumbest post ever! Thanks for the laugh PO!

  10. #25
    Member PickOranges's Avatar
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    Quote Originally Posted by Dougles View Post
    And if GM went under you dont' think FORD wouldn't have picked up the slack?

    We've gone over this, had GM gone under the DEMAND for cars wouldn't have decreased, only the supply, which would have been made up for by other MFGS. And remember GM is one of the least "American made" care companies...

    China is taking some BIG positions in this IPO too.
    Your right.. You wanted them dead.. You also wanted a financial meltdown. Let the chips fall as they may.. Let's roll the dice.. Let's play with people's lives and misfortunes that they have no control over..
    Kiss someone that's different. It helps.
    Lets get the facts first, then go for the jugular!!
    It's all transparent, just read between the lines..

  11. #26
    Member NBuffaloResident's Avatar
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    Quote Originally Posted by Dougles View Post
    And if GM went under you dont' think FORD wouldn't have picked up the slack?

    We've gone over this, had GM gone under the DEMAND for cars wouldn't have decreased, only the supply, which would have been made up for by other MFGS. And remember GM is one of the least "American made" care companies...

    China is taking some BIG positions in this IPO too.
    No. China would have picked up the slack.

    After all, the GOP promotes businesses moving their labor overseas... And, that's what would have happened. China would have bought whatever assets were valuable, and moved it overseas, and gotten a tax bonus from the Fed for doing it.
    Raptor Jesus: He went extinct for your sins.

  12. #27
    Member PickOranges's Avatar
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    Quote Originally Posted by Dougles View Post
    And if GM went under you dont' think FORD wouldn't have picked up the slack?

    China is taking some BIG positions in this IPO too.

    Can someone explain this too me.. please..

    The largest transfer of wealth we have made to Communist China in the last couple of years and that is OK..

    Now the GOVERNMENT of COMMUNIST CHINA according to Douglas is buying shares.. and that is OK too.

    It is wrong or our government but it OK for the Communists..

    Since when did the GOP find this acceptable? I think the Tea Party should be as outraged as me..

    As you know, and as I stated many times before GM is a BIG government defense contractor with many defense & trade secrets..

    Are we that dumb??
    Kiss someone that's different. It helps.
    Lets get the facts first, then go for the jugular!!
    It's all transparent, just read between the lines..

  13. #28
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    Quote Originally Posted by PickOranges View Post
    Your right.. You wanted them dead.. You also wanted a financial meltdown. Let the chips fall as they may.. Let's roll the dice.. Let's play with people's lives and misfortunes that they have no control over..
    You could easily get a job at FOX or MSNBC...
    "I know you guys enjoy reading my stuff because it all makes sense. "

    Dumbest post ever! Thanks for the laugh PO!

  14. #29
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    Quote Originally Posted by NBuffaloResident View Post
    No. China would have picked up the slack.

    After all, the GOP promotes businesses moving their labor overseas... And, that's what would have happened. China would have bought whatever assets were valuable, and moved it overseas, and gotten a tax bonus from the Fed for doing it.
    name one China based car company in the US?
    "I know you guys enjoy reading my stuff because it all makes sense. "

    Dumbest post ever! Thanks for the laugh PO!

  15. #30
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    Quote Originally Posted by PickOranges View Post
    Can someone explain this too me.. please..

    The largest transfer of wealth we have made to Communist China in the last couple of years and that is OK..

    Now the GOVERNMENT of COMMUNIST CHINA according to Douglas is buying shares.. and that is OK too.

    It is wrong or our government but it OK for the Communists..

    Since when did the GOP find this acceptable? I think the Tea Party should be as outraged as me..

    As you know, and as I stated many times before GM is a BIG government defense contractor with many defense & trade secrets..

    Are we that dumb??

    Did I say China bying shares was OKAY?

    And ford contracts almost as much! Keep in mind GM DOES NOT own the MFG or rights to HUMMER! GM doesn't make much in the ways of top secret US technology!
    "I know you guys enjoy reading my stuff because it all makes sense. "

    Dumbest post ever! Thanks for the laugh PO!

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