Quote:
Originally Posted by ERA2076
They should have been forced out of existence in 2008 along with GE, Citi, Chase Morgan, Merrill Lynch, Bank of America and Wells Fargo. One of the largest transfers of debt to U.S. citizenry - at the end of a gun.
I would not drive one of their vehicles if it were given to me.
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Thank You ERA 276,
Herein lies the real facts about GMH folding, go back and read your quote you posted up about the last 10.5 billion in shares being sold by the US Govt last monday.
There is no more money coming from the american taxpayer to prop up GM USA who are in serious trouble.
Wednesday morning in Australia, GMH announces its closure.
You dont have to be einstein to work that one out.
I knew this had happened, but this info is not readily published in any australian media, they like to keep everyone downunder dumbed down so the 70%s blame the unions etc.
This company has been surviving worldwide on taxpayers handouts by bribing governments, while their CEOS have been flying around the world in their private jets.
Another Fact,
When the american car industry fell in a heap in 2008 under Bushs watch, Barack Obama in 2009 called in the heads of the big three car companies, the CEO of GM flew into Washington DC in his BIG ostentacious jet and Obama was not amused, such a display of greedy arrogance for a company in deep trouble was not going to be tolerated.
He called for his head, and he got it, the CEO was sacked and im pretty sure all the board resigned.
Total ineptude at the top of the company.
Thats whats wrong with this world, all corporate debt is being transfered to the citizens of countries by conservative governments, thats the real story of what happened in Greece and Spain.
But you wont read anything about that in Murdocks newspapers or on ****tell