Skip to comments.GM Sure Recalled A Lot Of Cars Right After The Feds Sold Their Shares
Posted on 05/26/2014 6:16:12 PM PDT by george76
According to recent reports, GM just recalled another 2.4 million vehicles this week, bringing the total number of recalled GM vehicles this year to a record 13.6 million. USA Today got right to the point when it asked, Are there any GM cars that havent been recalled?
GM knew about serious problems with the ignition switch for years, going back to at least 2007. At that time, GM had hard data from multiple crashes showing that some of its ignition switches had failed to function properly. The U.S. government officially bailed out the automaker in December of 2008. Throughout the five-year period of U.S. government ownership, nothing was done to address the deadly switch. According to one timeline of events, GMs new CEO, Mary Barra, claims she did not even learn of the problem until December of 2013, which just so happens to be when the federal government sold its final shares of GM stock (at a loss of $10 billion, naturally).
Even though the company had data demonstrating a faulty ignition switch for years, it didnt initiate a full investigation or recall until February of 2014, two months after the government sold its stake in the company.
Our nation is in the safest and most ethical of hands.
(Excerpt) Read more at thefederalist.com ...
Some insider information?
I’m sure the SEC will be right on this insider trading case.
“Mary Barra, claims she did not even learn of the problem until December of 2013, which just so happens to be when the federal government sold its final shares of GM stock (at a loss of $10 billion, naturally).”
Let me guess. She found out about it in the
New York Times.
The same gov’t the f’d up healthcare insurance surely couldn’t f up government motors.
Somebody contact Eric Holder!
I am sure its just a coincidence
At least it was “stylish” to appoint the first woman to run an auto company.
Surely FedGov, led by the most ethical administration in history, wouldn’t be involved in insider trading.
The only GM automobile I ever owned was a 1934 Pontiac. That was in 1963 when I was still in high school. That car also has the distinction of being the only GM vehicle I ever will own.
Or is that as the goverment looses it’s control over GM it also so looses protection.
Our gov't is SO F'd up.
Pew last updated their "Trust in Government" poll last October. It's got to be much worse today (how in the world could true have soared during Clinton???).
I wish the article had included a paragraph about the crones that were cycled through the chairmanship to get a nice payoff for past favors; like the first one, Rahm Emmanuel’s buddy who’d rigged a mega million payoff for Rahm from the communications industry that Rahm knew nothing about. That was ok, because that guy admitted he knew nothing about cars.
it’s called insider trading.
does the surprise anyone?
GM need afrikan women now as CEO, she nou kars, she drove one (or two), she fix GM.
Remember GM’s door-mounted seatbelts? Why you ask? It was to skate around the SRS mandate.
In a side crash, you were unrestrained.
Once the feds got a hold on GM, it was inevitable.
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