Angry ginger Posted November 27, 2018 Share Posted November 27, 2018 (edited) 49 minutes ago, snoughnut said: Fine, then maybe the next time the shareholders can bail them out instead of the taxpayer......cough,cough TARP. shareholders are not obligated to do that. as far as not bailing them out the unfunded pension would have cost more to the government than the bailout. Edited November 27, 2018 by Angry ginger Quote Link to comment Share on other sites More sharing options...
Sal Rosenberg Posted November 27, 2018 Share Posted November 27, 2018 (edited) Edited November 27, 2018 by Sal Rosenberg Quote Link to comment Share on other sites More sharing options...
Momorider Posted November 27, 2018 Share Posted November 27, 2018 1 hour ago, snoughnut said: Fine, then maybe the next time the shareholders can bail them out instead of the taxpayer......cough,cough TARP. They did the share price went to nothing and billions were lost when they went bankrupt in 08 bond holders, shareholders took a fucking bath and got nothing and then Barry gave most of the new shares the treasury bought to the UAW Quote Link to comment Share on other sites More sharing options...
Sal Rosenberg Posted November 27, 2018 Share Posted November 27, 2018 2 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted November 27, 2018 Share Posted November 27, 2018 10 hours ago, Angry ginger said: shareholders are not obligated to do that. as far as not bailing them out the unfunded pension would have cost more to the government than the bailout. Bullshit, I've read a couple articles recently that were written by financial experts regarding TARP and they even said that's exactly what should have happened. The same for the Wall Street hucksters, their shareholders should have bailed them out but that would be too difficult for the cocksuckers. One more thing, if private business is going to keep relying on taxpayer bailouts then their top priority should not be shareholders. Quote Link to comment Share on other sites More sharing options...
racer254 Posted November 27, 2018 Share Posted November 27, 2018 15 minutes ago, snoughnut said: Bullshit, I've read a couple articles recently that were written by financial experts regarding TARP and they even said that's exactly what should have happened. The same for the Wall Street hucksters, their shareholders should have bailed them out but that would be too difficult for the cocksuckers. One more thing, if private business is going to keep relying on taxpayer bailouts then their top priority should not be shareholders. Hmm... Quote Link to comment Share on other sites More sharing options...
Frostynuts Posted November 27, 2018 Share Posted November 27, 2018 On 11/26/2018 at 9:22 AM, irv said: Workers are being sent home as of right now. I texted my wife but I haven't received a reply yet. Not looking good at all. Scratch that! The workers aren't being sent home, they are walking off the job but the stories are mixed as of yet. Some say they are being told to go home and others are saying GM shut down the lines? Hey Irv, what is your wifes title at GM, for her to be in the high level meetings ? Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted November 27, 2018 Share Posted November 27, 2018 Trump may end GM subsidies. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 27, 2018 Platinum Contributing Member Share Posted November 27, 2018 16 hours ago, Angry ginger said: shareholders are not obligated to do that. as far as not bailing them out the unfunded pension would have cost more to the government than the bailout. Why should the govt have to cover their unfunded pension? Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 27, 2018 Share Posted November 27, 2018 1 hour ago, Highmark said: Why should the govt have to cover their unfunded pension? because they created the PBGC to do just that Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 27, 2018 Platinum Contributing Member Share Posted November 27, 2018 (edited) 15 minutes ago, Angry ginger said: because they created the PBGC to do just that Is it mandatory pension plans participate and get coverage in that? In any case that fund is massively underfunded. Edited November 27, 2018 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 27, 2018 Platinum Contributing Member Share Posted November 27, 2018 So highmark, whats with the liberal for your sig , or whatever they call that. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 27, 2018 Platinum Contributing Member Share Posted November 27, 2018 (edited) 4 minutes ago, steve from amherst said: So highmark, whats with the liberal for your sig , or whatever they call that. My avy Billy Jack? I know he's (the actor) a lib just liked his movies growing up. Edited November 27, 2018 by Highmark Quote Link to comment Share on other sites More sharing options...
irv Posted November 27, 2018 Author Share Posted November 27, 2018 1 hour ago, XCR1250 said: Trump may end GM subsidies. I'm liking Donny more and more! What's our dolt of a leader say? "I am deeply disappointed in the closure of the Oshawa Plant" https://www.cnbc.com/2018/11/27/general-motors-shares-fall-after-trump-threatens-to-cut-subsidies-for-company.html https://www.cnbc.com/2018/11/27/general-motors-shares-fall-after-trump-threatens-to-cut-subsidies-for-company.html Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 27, 2018 Platinum Contributing Member Share Posted November 27, 2018 8 minutes ago, Highmark said: My avy Billy Jack? I know he's (the actor) a lib just liked his movies growing up. He ran for pres in 2008 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 27, 2018 Share Posted November 27, 2018 26 minutes ago, Highmark said: Is it mandatory pension plans participate and get coverage in that? In any case that fund is massively underfunded. yes under ERISA Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted November 27, 2018 Share Posted November 27, 2018 1 hour ago, irv said: I'm liking Donny more and more! What's our dolt of a leader say? "I am deeply disappointed in the closure of the Oshawa Plant" https://www.cnbc.com/2018/11/27/general-motors-shares-fall-after-trump-threatens-to-cut-subsidies-for-company.html https://www.cnbc.com/2018/11/27/general-motors-shares-fall-after-trump-threatens-to-cut-subsidies-for-company.html Why would anyone be dumb enough to think Trump has balls? What brave thing has he ever done? Irv: You seem to have an inside scoop on this. Why the big deal now? Evidently GM had 23,000 employees in Oshawa in 1980. Now they have 3,000. They've lost over an average of 1,000 per year since 1980. This isn't that be of a deal. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 27, 2018 Share Posted November 27, 2018 9 hours ago, snoughnut said: Bullshit, I've read a couple articles recently that were written by financial experts regarding TARP and they even said that's exactly what should have happened. The same for the Wall Street hucksters, their shareholders should have bailed them out but that would be too difficult for the cocksuckers. One more thing, if private business is going to keep relying on taxpayer bailouts then their top priority should not be shareholders. So a shareholders liability should extend beyond their investment? Wow. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 27, 2018 Share Posted November 27, 2018 15 minutes ago, ArcticCrusher said: So a shareholders liability should extend beyond their investment? Wow. His knowledge of basic finance has shined brightly since the crash began. Quote Link to comment Share on other sites More sharing options...
Momorider Posted November 28, 2018 Share Posted November 28, 2018 2 hours ago, steve from amherst said: So highmark, whats with the liberal for your sig , or whatever they call that. Milton Freidmen Liberal Quote Link to comment Share on other sites More sharing options...
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