GM declares bankruptcy

Current events, politics, and more.
Post Reply
User avatar
Ry
Super Anti-Neocon
Super Anti-Neocon
Posts: 34473
Joined: Mon Jun 27, 2005 12:03 pm
Location: Japan
Contact:
Contact Ry

GM declares bankruptcy

Post by Ry » Tue Jun 02, 2009 3:44 pm

After taking 20 BILLION from American tax payers and being set ot get 30 BILLION more, General Motors declared bankruptcy Monday. The justifications for bailing them out further have been to keep their employment employed. Sorry but we can't just subsidize failing business forever. That's State capitalism or communism not a free market.
Get The Empire Unmasked here
Top
stewie

Re: GM declares bankruptcy

Post by stewie » Tue Jun 02, 2009 7:02 pm

GM are closing 300 dealerships in Canada, and lots of suppliers have already gone under. The government takeover of GM represents yet another step in the ruling classes plan to turn the US into a socialist/communist country.

I remember a big cheese in the Wall Street Journal gave a buy recommendation for GM about a year ago. :lol:
Top
ledskof
Over the system
Over the system
Posts: 2292
Joined: Thu Oct 26, 2006 1:11 pm
Location: Atlanta

Re: GM declares bankruptcy

Post by ledskof » Tue Jun 02, 2009 11:07 pm

who was the big cheese?
Top
stewie

Re: GM declares bankruptcy

Post by stewie » Tue Jun 02, 2009 11:57 pm

ledskof wrote:who was the big cheese?
Well I never claimed to have a great memory. It was actually 3 years ago and was Merrill Lynch analyst John Murphy. The stock went up 8% after his buy recommendation.

http://www.marketwatch.com/story/gm-jum ... mktw&dist=

Even 3 years ago it was obvious the company was toast.
Top
User avatar
k
Smashing neocons
Smashing neocons
Posts: 1305
Joined: Wed Jul 27, 2005 5:57 am

Re: GM declares bankruptcy

Post by k » Wed Jun 03, 2009 3:44 pm

Motherfuckers were my biggest account.
Image
Top
Post Reply

Return to “Current News”