The US Treasury Dept FREEZES GM CEO's PAY????

[chefdennis]

Wait!! How does the US TREASURY Freeze the pay of anyone at a "Privately Owned Company!?!? I mean, yea when barrys minions illegally took over GM and used taxpayer dollars to do that then give it to the uaw they were owed billions of dollars and they had control of the company...but we have been told over and over that "GM has "paid back all the money they were given" and that the govenment wasn't in the car business and that the taxpayers have made made money with the GM payback...so if thats all true, how does the Fed Government still have the ability to control what the empolyees are paid!?!?!

Oh wait!! The US Treasury sayes that GM STILL owes the taxpayers $25 BILLION dollars......i am confused..barry and his minions and even a few here have said "GM paid back all the money"...now the US Treasury sayes they still owe $25 Billion and that they are going to control the exc pay....Hmmmm

[h=1]Top Executives at Bailed-Out Firms Have Pay Cut[/h]By The Associated PressPosted 4:18PM 04/06/12
Top Executives at Bailed-Out Firms Have Pay Cut - DailyFinance

 

[davekc]

They say they paid it back but what they did was refinance the original loan with another government loan. Still owe the 25B.

 

[Poorboy]

Wait a minute, You say that they said that the taxpayers made money?? Hmmm I didn't get a check, anybody get a check? Looks like Osamaobama is lying again! Say it ain't so! LMAO

 

[davekc]

Taxpayers haven't made a thing. They have repaid some money, but that is money they have already borrowed. The other money that was basically taken from the shareholders went to the unions. We are still giving them money for that goofy Volt which is a total waste of taxpayers money.

 

[cableguymn]

Wait!! How does the US TREASURY Freeze the pay of anyone at a "Privately Owned Company!?!? I mean, yea when barrys minions illegally took over GM and used taxpayer dollars to do that then give it to the uaw they were owed billions of dollars and they had control of the company...but we have been told over and over that "GM has "paid back all the money they were given" and that the govenment wasn't in the car business and that the taxpayers have made made money with the GM payback...so if thats all true, how does the Fed Government still have the ability to control what the empolyees are paid!?!?!

Oh wait!! The US Treasury sayes that GM STILL owes the taxpayers $25 BILLION dollars......i am confused..barry and his minions and even a few here have said "GM paid back all the money"...now the US Treasury sayes they still owe $25 Billion and that they are going to control the exc pay....Hmmmm

Top Executives at Bailed-Out Firms Have Pay Cut

By The Associated PressPosted 4:18PM 04/06/12
Top Executives at Bailed-Out Firms Have Pay Cut - DailyFinance

Your first mistake was thinking GM was not owned in part by the government and the very union that GM pays to build cars.

Your second is that GM repaid the loan.. While they did, they did it with borrowed money form the US government.

 

[davekc]

We use to have stock ......well still do but it is actually worthless. Money was taken by the government, given to the unions who in turn gave employee bonuses, gave themselves a raise, and used the rest for political purposes.
Obama was quite ok with it. Shareholders must do "their fair share".
When I look at what the stock is worth now, I believe I did.

 

[cableguymn]

We use to have stock ......well still do but it is actually worthless. Money was taken by the government, given to the unions who in turn gave employee bonuses, gave themselves a raise, and used the rest for political purposes.
Obama was quite ok with it. Shareholders must do "their fair share".
When I look at what the stock is worth now, I believe I did.

makes you want to run out and buy some more GM stock don't it?

I remember when Ford stock was down in the dumps during this.. I bought at 1.58 2/20/2009..

At the time most people thought I was nuts.. dumping 5 figures in to ford at that time..

They closed at 12.00+ today. I still have all those shares..

That is the ONLY reason I thank GM for doing anything. When they hit the fan, they brought down everyone with them. I bought many auto maker stocks during that time.