greg334
Veteran Expediter
You know I like to see success, when it is legal and not screwing people over.
In the past few years we have had a number of people who screwed people over to make money to be successful, one of them was Madoff.
The problem is we don't pick our villains like we should.
So here goes, the New General Motors should the be our national villain, not Madoff, not Bush, not anyone else.
GM is about to rape the country by selling off stock after the promise that we the tax payers will get our money back. This money should be not our initial bailout money but the interest that is it actually costing us but it won't happen.
We already know that but what isn't know is GM will not be paying any taxes for years on any profits because of how the Obama administration messed with the bankruptcy of GM. They are allowed to carry over every bad debt they considered a loss on paper to offset future profits while not owning that debt or having that loss. The OLD GM stock carried that forward and this is where a lot of people got screwed when new stock was issued.
A great scam.
Who gets screwed?
We all do.
Wagner, Whitaker, and others within the upper management of GM may be getting retroactive bonuses and rewards for running the company into the ground while we have to pay for it.
By the way,
Harley-Davison announced today they were going to build bikes in India.
In the past few years we have had a number of people who screwed people over to make money to be successful, one of them was Madoff.
The problem is we don't pick our villains like we should.
So here goes, the New General Motors should the be our national villain, not Madoff, not Bush, not anyone else.
GM is about to rape the country by selling off stock after the promise that we the tax payers will get our money back. This money should be not our initial bailout money but the interest that is it actually costing us but it won't happen.
We already know that but what isn't know is GM will not be paying any taxes for years on any profits because of how the Obama administration messed with the bankruptcy of GM. They are allowed to carry over every bad debt they considered a loss on paper to offset future profits while not owning that debt or having that loss. The OLD GM stock carried that forward and this is where a lot of people got screwed when new stock was issued.
A great scam.
Who gets screwed?
We all do.
Wagner, Whitaker, and others within the upper management of GM may be getting retroactive bonuses and rewards for running the company into the ground while we have to pay for it.
By the way,
Harley-Davison announced today they were going to build bikes in India.