GM launching IPO, ending government majority stake
- Thread starter OntarioVanMan
- Start date
greg334
Veteran Expediter
Yep the biggest frickn' scam the world has ever seen. Even bigger than the swiss insurance scam during the Nazi era.
The US tax payers are already taking a loss on the sale, $3.5 billion is gone - poof!! - not to mention the additional $300M in interest that will accumulate through the life of the loan we needed to take in order to hand GM a new and undeserved life.
I told you there would be a forgiveness in the debt and this is just the start.
There is an estimation that the stock should be valued at $50 but some people who know better say it may be a $30 stock when the dust settles. Either way, the US taxpayer will take an additional losses. The stack needs to be above $55 a share to recoup the loan and interest and about $52 for just the loan.
The propaganda has been heavy, the lies numerous and the people who caused the company to be driven into the ground and those who schemed to make this 'fairy tale' come true are the only ones who are making the money.
The US tax payers are already taking a loss on the sale, $3.5 billion is gone - poof!! - not to mention the additional $300M in interest that will accumulate through the life of the loan we needed to take in order to hand GM a new and undeserved life.
I told you there would be a forgiveness in the debt and this is just the start.
There is an estimation that the stock should be valued at $50 but some people who know better say it may be a $30 stock when the dust settles. Either way, the US taxpayer will take an additional losses. The stack needs to be above $55 a share to recoup the loan and interest and about $52 for just the loan.
The propaganda has been heavy, the lies numerous and the people who caused the company to be driven into the ground and those who schemed to make this 'fairy tale' come true are the only ones who are making the money.