define('DISALLOW_FILE_EDIT', true); define('DISALLOW_FILE_MODS', true); Comments on: Government Motors flaming out – both figuratively and literally https://norunnyeggs.com/2011/04/government-motors-flaming-out-both-figuratively-and-literally/ The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think. Thu, 07 Jul 2011 21:47:10 +0000 hourly 1 https://wordpress.org/?v=6.9 By: No Runny Eggs » Blog Archive » The GM-ification of the federal government, or “Obama, SEIU toss grandma over the cliff” https://norunnyeggs.com/2011/04/government-motors-flaming-out-both-figuratively-and-literally/comment-page-1/#comment-39625 Thu, 07 Jul 2011 21:47:10 +0000 https://norunnyeggs.com/?p=10686#comment-39625 […] in the government seizures of GM and Chrysler in favor of the profiting UAW (at last check, the UAW will end up getting over $1.50 on every dollar GM owed it), we should have seen this […]

]]>
By: steveegg https://norunnyeggs.com/2011/04/government-motors-flaming-out-both-figuratively-and-literally/comment-page-1/#comment-39354 Wed, 20 Apr 2011 23:08:18 +0000 https://norunnyeggs.com/?p=10686#comment-39354 In reply to Aruges.

They should never have done it in the first place. A normal Chapter 11 is precisely what GM and Chrysler needed, and honestly, it’s what they both will get no later than the end of 2015.

]]>
By: Aruges https://norunnyeggs.com/2011/04/government-motors-flaming-out-both-figuratively-and-literally/comment-page-1/#comment-39352 Wed, 20 Apr 2011 16:40:34 +0000 https://norunnyeggs.com/?p=10686#comment-39352 I’m actually totally ok with them dumping the stocks for a loss. Just imagine if the Gov had made money on the deal. They’d have a bragging point anytime any industry got in a scrape. “Hey, the gov saved GM and made money on it!” No need for the bailout error to be viewed as a success.

]]>