GM getting another $4 billion loan

[boomerang]

Originally posted by: LTC8K6

The taxpayers of the U.S. (that's you) are at the head of the line for payback. If the company goes under, their assets will be liquidated and the first debtor to be paid off will be you. When they accepted the money these terms went with it.

A. Where can we see this agreement? Since it involves me, I'd like to verify this.

B. Are they even worth the amount of money that has been given to them so far?
How much will we get back for each dollar given?

You'll have to research it yourself. I've adopted a policy of not doing research for people that have a chip on their shoulders and it's obvious you have one. See, my experience has been that no matter what I would provide in the way of proof would not be enough. You've developed a stance toward the issue and will not be swayed.

A simple call to your Congressman or Senator's office should verify it for you. It should be easy to find on the web. No one loans this kind of money without securing their position - especially these days.

 

[CupCak3]

Originally posted by: LOUISSSSS

Originally posted by: Fenixgoon

Originally posted by: evident
all this tax money so you guys can circle jerk around your rwd v8 pontiac g8 and vette. whooooohooooo

considering they are two of GM's best vehicles, i'd say you're full of shit. here are some other excellent vehicles:

cobalt SS
cadillac CTS / CTS-V
chevy malibu
chevy silverado/GMC sierra
pontiac solstice / saturn sky



and besides, what does RWD and having a V8 have to do with anything? did you know the corvette can get better mileage than a 370z or G37? Did you know that the G8 GT can get just as good (highway) mileage as virtually any 6cyl sedan?

excellent compared to... their competitors?
eh

cobalt ss or mazdaspeed 3, GTI? mazda or GTI for their refinement, drivability, and reliability of the mazda
cts/cts-v? 3 series, m3, 5 series, or m5? major lose
malibu or accord or camry? malibu loses to both

any reason you cannot stop spewing FUD in these threads? GD troll..

 

[StageLeft]

Originally posted by: boomerang
You'll have to research it yourself. I've adopted a policy of not doing research for people that have a chip on their shoulders and it's obvious you have one. See, my experience has been that no matter what I would provide in the way of proof would not be enough. You've developed a stance toward the issue and will not be swayed.

You've developed a stance on people and will not be swayed.

Just sayin

 

[Fenixgoon]

GM requesting another $16B


and LOUISSSS you are a giant troll. the cobalt SS and CTS-V are *THE* top performers in their respective classes.

 

[CupCak3]

Originally posted by: Fenixgoon
GM requesting another $16B


and LOUISSSS you are a giant troll. the cobalt SS and CTS-V are *THE* top performers in their respective classes.

Its too bad they're not trying to go leaner by at least getting rid of GMC. They're "supposed" to be more heavy duty than they Chevy's but they could easily take care of that in the Silverado line-up. Buice and Caddy seem to overlap also but from what I understand Buick is a really big seller in China's marketplace.

 

[LTC8K6]

What are we talking about? Market Capitalization? Asset liquidation?

Boomerang said assets would be liquidated, so I assumed that was what the agreement said.

And thanks for actually answering the only questions I asked in the thread, and the only questions I ever asked Boomerang...

How I developed a stance in just 2 questions is beyond me..

 

[GuitarDaddy]

I've been involved with aquiring financing for companies for 25+ years and I've had a fair share of experience financing companies in financial destress. As you can imagine as company's become troubled their ability to raise capital is severly hampered and they inevitabely turn to lower and lower levels of financing that is each more restrictive and expensive. The bottom rung is asset based lenders (guido's as I like to call them), once a company gets to this level it is almost impossibe to come back as a viable company(I have yet to see one come back)

Obviously the big three are too large to fit into the normal spiraling range of financing for failing companies, so in their case the government is their quido. And that's what we are talking about here, once the government has an ownership stake it will exert control over business decisions and nationalization (controlling ownership by the government) is all but inevitable.

The scary part to me is the thought the government might actually try and run a nationalized auto industry instead of liquidating their assets like a good quido should

 

[Bignate603]

Originally posted by: CupCak3

Originally posted by: Fenixgoon
GM requesting another $16B


and LOUISSSS you are a giant troll. the cobalt SS and CTS-V are *THE* top performers in their respective classes.

Its too bad they're not trying to go leaner by at least getting rid of GMC. They're "supposed" to be more heavy duty than they Chevy's but they could easily take care of that in the Silverado line-up. Buice and Caddy seem to overlap also but from what I understand Buick is a really big seller in China's marketplace.

Eh, I'd keep the GMC lineup and possibly move all trucks over there. Chevy for cars, GMC for trucks.

 

[Strk]

Originally posted by: Bignate603

Originally posted by: CupCak3

Originally posted by: Fenixgoon
GM requesting another $16B


and LOUISSSS you are a giant troll. the cobalt SS and CTS-V are *THE* top performers in their respective classes.

Its too bad they're not trying to go leaner by at least getting rid of GMC. They're "supposed" to be more heavy duty than they Chevy's but they could easily take care of that in the Silverado line-up. Buice and Caddy seem to overlap also but from what I understand Buick is a really big seller in China's marketplace.

Eh, I'd keep the GMC lineup and possibly move all trucks over there. Chevy for cars, GMC for trucks.

It would be nice if GM did that. As it stands, GMC serves no purpose. You can get anything they offer in another GM line.