Too Big to Prosecute ?
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Lamar

Homer, GA

#23 Dec 19, 2012
Well I know I paid all those taxes that I mistakenly cheated on just as GM and United Community paid back their Tarp funds. We are all good citizens. I even took my house out of conversation since I live in it and don't really store hay in it.
Informed Opinion

United States

#24 Dec 19, 2012
John W wrote:
<quoted text>Hey pal, tell you what my problem is, you said the gobberment had been paid back abd that is pure bull.
The Gobberment had to them another 50 billion secured by usless stock so they cold make their first payment, also.
We have nothing back except stock purchased for a price, GM has not seen in 40 years if lucky one day will see 30 cents on the dollar IF GM servives.
"hey pal". Lol
Informed Opinion

United States

#25 Dec 19, 2012
Think that those who want to avoid discussing the government protecting corporate executives from prosecution will be satisfied ?

Ever notice how quickly they try to change the subject whenever you try to make Banksters liable for their conduct ?

KANSAS CITY, Kan., April 21 /PRNewswire/-- General Motors Company Chairman and CEO Ed Whitacre today announced that GM has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule.

... "We are now building some of the best cars, trucks, and crossovers we have ever built, and customers are taking note. Our dealers are increasing their sales, we are investing in our plants, and we are restoring and creating jobs."

The U.S., Canadian, and Ontario governments, as part of the launch of the new GM, provided loans of $8.4 billion and took equity stakes in the new company. Today's payment of $5.8 billion ($4.7 billion to the U.S. Treasury and $C1.1 billion to Export Development Canada) completes the payback of these loans.

"GM's ability to pay back the loans ahead of schedule is a sign that our plan is working, and that we are on the right track. It is also an important first step toward allowing our stockholders to reduce their equity investments in GM," said Whitacre.

For the first three months of this year, GM's U.S. dealers delivered more than 49,000 Malibus and 14,000 LaCrosses, representing a 58 percent increase over the same period last year. In response to this strong demand, Fairfax in February added a third shift of approximately 1,050 jobs, bringing total employment at the plant to more than 3,800.

...Detroit Hamtramck will also build the Chevy Volt electric vehicle with extended range, which launches this year. On March 31, the plant celebrated a major milestone, the building of the first pre-production Volt on the regular assembly line.

Since the launch of the new GM last July, the company has announced investments of more than $1.5 billion at 20 facilities in the U.S. and Canada. These investments restored or created more than 7,500 jobs, and they demonstrate a strong commitment to GM's future and to the United States and Canada.

With its global headquarters in Detroit, GM employs 217,000 people in every major region of the world and does business in some 140 countries. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors can be found at www.gm.com .

GM's most recent annual report on Form 10-K provides information about these and other factors, which we may revise or supplement in future reports to the SEC.
Bored

Commerce, GA

#26 Dec 19, 2012
Informed Opinion wrote:
Think that those who want to avoid discussing the government protecting corporate executives from prosecution will be satisfied ?
Ever notice how quickly they try to change the subject whenever you try to make Banksters liable for their conduct ?
KANSAS CITY, Kan., April 21 /PRNewswire/-- General Motors Company Chairman and CEO Ed Whitacre today announced that GM has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule.
... "We are now building some of the best cars, trucks, and crossovers we have ever built, and customers are taking note. Our dealers are increasing their sales, we are investing in our plants, and we are restoring and creating jobs."
The U.S., Canadian, and Ontario governments, as part of the launch of the new GM, provided loans of $8.4 billion and took equity stakes in the new company. Today's payment of $5.8 billion ($4.7 billion to the U.S. Treasury and $C1.1 billion to Export Development Canada) completes the payback of these loans.
"GM's ability to pay back the loans ahead of schedule is a sign that our plan is working, and that we are on the right track. It is also an important first step toward allowing our stockholders to reduce their equity investments in GM," said Whitacre.
For the first three months of this year, GM's U.S. dealers delivered more than 49,000 Malibus and 14,000 LaCrosses, representing a 58 percent increase over the same period last year. In response to this strong demand, Fairfax in February added a third shift of approximately 1,050 jobs, bringing total employment at the plant to more than 3,800.
...Detroit Hamtramck will also build the Chevy Volt electric vehicle with extended range, which launches this year. On March 31, the plant celebrated a major milestone, the building of the first pre-production Volt on the regular assembly line.
Since the launch of the new GM last July, the company has announced investments of more than $1.5 billion at 20 facilities in the U.S. and Canada. These investments restored or created more than 7,500 jobs, and they demonstrate a strong commitment to GM's future and to the United States and Canada.
With its global headquarters in Detroit, GM employs 217,000 people in every major region of the world and does business in some 140 countries. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors can be found at www.gm.com .
GM's most recent annual report on Form 10-K provides information about these and other factors, which we may revise or supplement in future reports to the SEC.
Boring.
Informed Opinion

Naples, FL

#27 Dec 20, 2012
Bored wrote:
<quoted text>Boring.
Still haven't developed an intellectually inquisitive mind I see. That's ok, no need to feel bad about it, and thanks for taking time away from "Mortal Kombat"to offer your highly valuable opinion.
My Two Senses

Dahlonega, GA

#28 Dec 20, 2012
Informed Opinion wrote:
<quoted text>
Still haven't developed an intellectually inquisitive mind I see. That's ok, no need to feel bad about it, and thanks for taking time away from "Mortal Kombat"to offer your highly valuable opinion.
From http://www.zerohedge.com/news/2012-12-19/gm-b...

"Assuming a price in the $27.50 range, this implies a nearly 50% loss on the government's breakeven price of $54. So much for the 'profit' spin. One hopes all those Union votes were well worth the now booked $40+ billion cost to all taxpayers.

One wonders why the US government did not open up this particular buyback to a public tender: after all some taxpayers may still care about the financial mismanagement of Uncle Sam. Then again, perhaps not."
Oh my

Young Harris, GA

#29 Dec 20, 2012
More facts wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g...
Wikipedia? Really?
Perhaps you need to learn the purpose of footnotes.
And the sources you've supplied are what ????
Informed Opinion

Bonita Springs, FL

#30 Dec 20, 2012
My Two Senses wrote:
<quoted text>From http://www.zerohedge.com/news/2012-12-19/gm-b...

"Assuming a price in the $27.50 range, this implies a nearly 50% loss on the government's breakeven price of $54. So much for the 'profit' spin. One hopes all those Union votes were well worth the now booked $40+ billion cost to all taxpayers.

One wonders why the US government did not open up this particular buyback to a public tender: after all some taxpayers may still care about the financial mismanagement of Uncle Sam. Then again, perhaps not."
I am more interested in discussing why we Americans allow our government to imprison a higher percentage if our fellow citizens than any other industrialized nation on the planet,
while
refusing to prosecute the Banksters, CEOs and businesses that commit larceny, bribery, fraud, and engage corruption on mammoth scales.

But hey, if anyone wants to focus on whether or not Bush and Obama should have bailed out investment banks and GM, it's America - have at it.
Lamar

Homer, GA

#31 Dec 21, 2012
Informed Opinion wrote:
<quoted text>
I am more interested in discussing why we Americans allow our government to imprison a higher percentage if our fellow citizens than any other industrialized nation on the planet,
while
refusing to prosecute the Banksters, CEOs and businesses that commit larceny, bribery, fraud, and engage corruption on mammoth scales.
But hey, if anyone wants to focus on whether or not Bush and Obama should have bailed out investment banks and GM, it's America - have at it.
There is nothing to discuss. Politicians are all after one thing. All they can get and the ones who give the most are Bankers and Stock Brokers. Have you ever seen an Honest one. The last Banker was in the 1930's movie and played by Jimmy what's his name.
Informed Opinion

Naples, FL

#32 Dec 21, 2012
Lamar wrote:
<quoted text>There is nothing to discuss. Politicians are all after one thing. All they can get and the ones who give the most are Bankers and Stock Brokers. Have you ever seen an Honest one. The last Banker was in the 1930's movie and played by Jimmy what's his name.
Good point.

Will we ever be allowed a vote that matters, or will we always be trying to chose between the lesser of the evils ?
My Two Senses

Dahlonega, GA

#33 Dec 21, 2012
Informed Opinion wrote:
<quoted text>
I am more interested in discussing why we Americans allow our government to imprison a higher percentage if our fellow citizens than any other industrialized nation on the planet,
while
refusing to prosecute the Banksters, CEOs and businesses that commit larceny, bribery, fraud, and engage corruption on mammoth scales.
But hey, if anyone wants to focus on whether or not Bush and Obama should have bailed out investment banks and GM, it's America - have at it.
My opinion is it's all in who you know -- from local governments to national governments. Lobbyists come in all shapes and sizes -- from friends to corporations to special-interest groups.
My Two Senses

Dahlonega, GA

#34 Dec 21, 2012
My Two Senses wrote:
<quoted text>
My opinion is it's all in who you know -- from local governments to national governments. Lobbyists come in all shapes and sizes -- from friends to corporations to special-interest groups.
In my comment above, I'm addressing those that influence decisions, not the various governments that are subject to thoses influences. How wonder how many of us have ever tried to get relatives and/or friends out of a traffic ticket. To me, the principle is similar -- just on a different scale.
Informed Opinion

Bonita Springs, FL

#35 Dec 21, 2012
My Two Senses wrote:
<quoted text>In my comment above, I'm addressing those that influence decisions, not the various governments that are subject to thoses influences. How wonder how many of us have ever tried to get relatives and/or friends out of a traffic ticket. To me, the principle is similar -- just on a different scale.
Good points.

The guy working at the local "Stop and Rob" tries to find a way to get that hot dog that's been on the rotisserie for the last seven hours; while the executives and banksters try to steal billions.

The thing is, when they get caught, the hot dog thief goes to prison for life. The Banksters gets a $300 Million Golden Parachute, use of the corporate jet and sauna for life, a free country club membership from his friends at Probceton, and honored everywhere as a "Business Leader".

Who knows, maybe Santa will bring some justice this year.
Lamar

Homer, GA

#36 Dec 22, 2012
Informed Opinion wrote:
<quoted text>
Good points.
The guy working at the local "Stop and Rob" tries to find a way to get that hot dog that's been on the rotisserie for the last seven hours; while the executives and banksters try to steal billions.
The thing is, when they get caught, the hot dog thief goes to prison for life. The Banksters gets a $300 Million Golden Parachute, use of the corporate jet and sauna for life, a free country club membership from his friends at Probceton, and honored everywhere as a "Business Leader".
Who knows, maybe Santa will bring some justice this year.
History shows us that the only real change comes from Revolution and all signs show it has started in our own country. Let us hope it will be a cultural revolution and not a bloody one. Our love of life may be the only thing that saves us.

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