Last edited by upsideguy; 06-06-13 at 12:04 AM.
GM’s trucks sales were up 15 percent versus a year ago, including a 23 percent increase for large pickups and a 30 percent increase for large SUVs.
Booming truck sales help GM recoup market share
According to GM's own 1st quarter report, free cash flow was a negative $1.3 billion, their underfunded U.S. and non U.S. pension status increased to @ @$26 billion, and their global market share continued to decrease.
Earnings Releases - Quarterly Reports & Financial Releases | GM.com
To her Wall Street owners: Hillary Clinton: “But if everybody's watching, you know, all of the back room discussions and the deals, you know, then people get a little nervous, to say the least. so, you need both a public and a private position.” - Hillary Clinton: "I'm kind of far removed from the struggles of the Middle Class"
Let's not forget that, besides sticking it to private investors, GM paid back the government with government money. They still aren't making money, they still don't have any signs of recovering. Dead man walking.
You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”
In a Chapter XI, the shareholders usually lose all of their money; the creditors usually get $.xx/$1.00 and the bond holders, depending on security and seniority usually get their principal, but under different terms. In a chapter XI, the execs and employees usually get paid (those that do not lose their jobs, as a high percent do), but obligations to those employees (pensions, etc.) also get renegotiated and paid $.xx/$1.00 and all employee and executive options became worthless. This is exactly what happened.
No one was made whole except bond speculators that guessed right. The premise of a Chapter XI is that the long-term benefit for most of the constituencies is better than a liquidation. Most Chapter XIs do not work; this one worked beautifully.
GM stock must reach $53 a share for the government to recoup its money.
it has been selling stock well under $53
Anti-Democracy advocate, Mixed government is the only good government
THE second point to be examined is, whether the [constitutional ]convention were authorized to frame and propose this mixed Constitution.
Whats interesting is some of the investors were firemans' unions, teachers' unions and the like. Such greedy investors.