Posted by VernMI on November 20, 2010 at 04:39:23 from (209.86.226.24):
In Reply to: O/T GM stock posted by 37 Chief on November 19, 2010 at 17:33:59:
Not worth a penny but they did give the UAW 20% of the New GM. The UAW got a big share of the New GM but the former stock holders, bond holders, and small business creditors got nothing. It only makes sense from a political standpoint. The taxpaying general public got screwed.
I know the argument that they employ a lot of people so we can not let them fail. If that's the answer then let's convert over to communism and then there won't be any failed companies like GM. Every company would fall under the same umbrella and would not have to worry about fiscal responsibility. Big government is the answer it seems.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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