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GM details plans to wipe out current shareholders [securities fraud]
The Globe and Mail / Reuters ^
| May 5, 2009
| Kevin Krolicki
Posted on 05/05/2009 9:06:48 PM PDT by 2ndDivisionVet
click here to read article
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The Nazis would have never dared this type of thing this early on in their reign.
To: 2ndDivisionVet
What the HELL.
I don’t even recognize this country anymore.
To: 2ndDivisionVet
They are dirtly, lowdown dogs.
To: 2ndDivisionVet
The quintessential national socialist move.
To: 2ndDivisionVet
I sent an email to my broker and that under no circumstances is he to buy any GM or Chrysler stocks or bonds.
To: 2ndDivisionVet
Somehow I suspect that this kind of deal is a violation of existing Securities laws. But then laws are for the little people.
6
posted on
05/05/2009 9:11:41 PM PDT
by
P-Marlowe
(Somebody stole my tagline)
To: 2ndDivisionVet
"The unusual plan, which was detailed in a filing with U.S. securities regulators, would only need the approval of the U.S. Treasury to proceed since the U.S. government would be the majority shareholder of a new GM, the company said." This whole corrupt, unconstitutional, criminal mess stinks to high heaven. Obama & Co should see prison time for this.
To: Constitution Day
What the HELL. I dont even recognize this country anymore. ...and they are going to pay for your new GM car if you become unemployed. (Nevermind the idea that people whose job is at risk shouldn't be buying new cars.)
8
posted on
05/05/2009 9:14:01 PM PDT
by
FreeReign
To: 2ndDivisionVet
I buy trucks for my business.
Now I’ll strictly be a Ford customer...
To: 2ndDivisionVet
Its basically a BK without the filing. The Obama Way. Interesting to see how they mix the reverse split with the DOW Average. No wonder they keep delaying the Stress Test results.
To: 2ndDivisionVet
I just don’t understand how this is even legal. I’m just speechless. Obama’s audacity has literally taken my breath away.
11
posted on
05/05/2009 9:16:28 PM PDT
by
Windflier
(To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
To: Windflier
This is not a notice of a meeting of stockholders and no stockholders meeting will be held to consider the matters described above. We are not seeking any consent, authorization or proxy from you, and no action by you is required.
12
posted on
05/05/2009 9:19:12 PM PDT
by
Petronski
(Learn about the 'cytokine storm.')
To: Petronski
To: 2ndDivisionVet
What’s good for GM is good for America. and vice versa.
14
posted on
05/05/2009 9:22:08 PM PDT
by
spyone
(ridiculum)
To: Petronski
I wonder who is gonna give Bank of A the 30 Billion to satisfy the Stress Test.
To: FreeReign
Makes me glad I have a used (and fully paid for) European car.
To: 2ndDivisionVet
This is just the first daylight robbery of many IMO.
Obama and his criminal congress need to be jailed for this BS ! they are maddoff, enron, etc all rolled into one .
17
posted on
05/05/2009 9:27:25 PM PDT
by
Squantos
(Be polite. Be professional. But have a plan to kill everyone you meet)
To: 2ndDivisionVet
And if anyone was planning on getting up earlier than usual tomorrow, NO, you will not be able to borrow shares to short GM. Haven't been able to for weeks. (to the best of my knowledge, tried a few times)
Our country is under attack by an illegitimate poser who is destroying our country as fast as he can before he's recognized for what he is and makes his peace with the Caterpillars.
That's about as rosy a forecast as I can come up with.
18
posted on
05/05/2009 9:30:03 PM PDT
by
4woodenboats
(The economic crisis worked so well, an open border enhanced pandemic is just too tempting for ghett0)
To: 2ndDivisionVet
How is this legal?
Can’t current stockholders sue to stop this?
19
posted on
05/05/2009 9:31:41 PM PDT
by
exit82
(The Obama Cabinet: There was more brainpower on Gilligan's Island.)
To: Constitution Day
Tell me about it! $100, with low miles on it.
20
posted on
05/05/2009 9:32:20 PM PDT
by
2ndDivisionVet
("The unarmed man is not just defenseless - he is also contemptible." Machiavelli)
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