Skip to comments.General Motors Can Fly Again for Stock Sale
Posted on 11/03/2010 10:45:22 PM PDT by Nachum
DETROIT General Motors executives have been cleared for takeoff again.
The automaker has been given the go-ahead by the federal government to use chartered aircraft as early as Thursday to ferry managers on a road show promoting G.M.s public stock offering, according to government and company officials who declined to be identified.
It is believed to be the first time that G.M. will use private jets for business-related purposes since the government demanded that it sell its fleet of corporate aircraft in 2008. As a condition for accepting emergency federal assistance, G.M. has required its executives to travel on commercial airlines.
The use of private jets by the Detroit automakers to fly to Washington for Congressional hearings on an auto bailout in November 2008 was harshly criticized by lawmakers, who saw the jets as symbolizing the industrys need to cut unnecessary costs.
G.M. and other executives drove to the next hearing.
(Excerpt) Read more at nytimes.com ...
The list, ping
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Can you believe the timing? LOL
Government Motors is going to sell stock to us in the UAW controlled and partially owned entity that already owes us, (Mrs & Mrs. John Q and children and grandchildren) and fly around the country in chartered jets to promote the stock offerings?
Such a deal./s
I was just getting ready to send you this ....*LOL*
The hilarious thing is I have friends who actually think this dog will hunt.
I say it’s just another mutt with mange.
Thanks for the articles.
It’s unpatriotic to buy a GM car or stock.
“General Motors Co. will drive away from its U.S.-government-financed restructuring with a final gift in its trunk: a tax break that could be worth as much as $45 billion.”
now here’s where Soros “invest” money to drive up the IPO.
People’s ears perk....take the bait..Soros bails.......guess who loses again?
Soros money investment has already been made by shorting the US AND INVESTING IN FOREIGN OIL WHILE HE MANIPULATED DUMBO’S MORATORIUM ON OUR OWN OIL PRODUCTION
SOROS HAS ALREADY INVESTED 10 BILLION IN SOUTH AMERICA WHILE HIS WILLING PUPPET HOLDS UP OUR PRODUCTION.
They owe their prior stockholders and bondholders (not to mention the taxpayers) mucho dineros!! This is simply another ripoff!! Government Motors = Epic fail!!
IT’S AN ENORMOUS THREE CARD MONTE GAME
They owe their prior stockholders squat. That's the risk that comes with equity. I agree with you though that their prior bondholders got screwed Chavez-style.
Ripoff is putting it mildly! To me, it seems closer to hanging the taxpayers by the ankles and shaking them until every dime will fall down.
AND, this is just one of many their money scams/schemes that have cost Americans dearly.
I look forward to the day that this bunch of crooks gets whats coming to them.
You try telling people how he made his first billion and their eyes glaze over.
Soros needs to go to Gitmo (along with Buraq Hussein)...like tomorrow.
DUMBO’S backer...not a whole lot to discover if you knew this POS.
GITMO HELL...the gallows.
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