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dcb · 12-19-2010, 08:50 AM

I've not been paying enough attention to all these GM dealings, or bankruptcy in general:

GM bailout repayment?!? "it looks like GM merely used one source of TARP funds to repay another. The taxpayers are still on the hook"
How did GM pay off its bailout loans? Hot Air

GM transfer of assets from old to new (apparently bankruptcy = license to steal from shareholders):
UPDATED: Judge Approves GM Assets Sale, Company Will Get $19 Billion More
"Here GM, have 96 billion to buy yourself, forget the investors and tax payers"

Man, I've been asleep too long here, had no idea this is how things worked, sounds so completely crooked to me. Am I missing something obvious?

12-19-2010, 08:50 AM	#11 (permalink)
dcb needs more cowbell Join Date: Feb 2008 Location: ÿ Posts: 5,038 pimp mobile - '81 suzuki gs 250 t 90 day: 96.29 mpg (US) schnitzel - '01 Volkswagen Golf TDI 90 day: 53.56 mpg (US) Thanks: 158 Thanked 269 Times in 212 Posts	I've not been paying enough attention to all these GM dealings, or bankruptcy in general: GM bailout repayment?!? "it looks like GM merely used one source of TARP funds to repay another. The taxpayers are still on the hook" How did GM pay off its bailout loans? Hot Air GM transfer of assets from old to new (apparently bankruptcy = license to steal from shareholders): UPDATED: Judge Approves GM Assets Sale, Company Will Get $19 Billion More "Here GM, have 96 billion to buy yourself, forget the investors and tax payers" Man, I've been asleep too long here, had no idea this is how things worked, sounds so completely crooked to me. Am I missing something obvious? __________________ WINDMILLS DO NOT WORK THAT WAY!!!