On Jun 2, 8:28*am, BAR wrote:
Wizard of Woodstock wrote:
On Mon, 1 Jun 2009 21:56:37 -0600, "Canuck57" wrote:

"Eisboch" wrote in message
om...
Looks like later today "we" *will own 60% of General Motors.
What a country, huh?

Only cost us about $56 billion for a company that has been insolvent since
1980.

Eisboch
Could have bought them for $150M this morning at 27 cents a share.

Or could have picked them up for a few billion in chapter 11....or cheaper
in chapter 7.

But big noisy statism...line the buddies pockets.

Makes me wonder though. *Why did it pop up to 80 cents or so? *After a 100:1
or more dilution in this plan, it isn't worth 27 cents. *Do people holding
GM shares not now know they are valued at about the same as a roll of toilet
paper? *LOL, buy 100 shares so you can wipe your arse.

You guys really want to get depressed by Government Motors?

http://www.nytimes.com/2009/06/01/bu...?_r=2&partner=...

Unbelievable.

I like the part about keeping GM alive to protect existing government
revenues/institutions. Can't have all of those people sitting at home
wait for a job to come along sucking at the teat of the government.

Make no mistake... the GM deal is welfare and food stamps for the
autoworkers, just sent through a different funnel.