Home | Advertise Online | Archives | Coupons | Marketplace | Newszap Media Kit | Site Feedback | Subscriptions

 Home
 Search       Members   Calendar   Help   Home 
Search by username
Not logged in - Login | Register 

GM bankruptcy
 
 New Topic   Reply   Print 
AuthorPost
leaderx7
Member
 

Joined: Wed Sep 24th, 2008
Location:  
Posts: 22
Status:  Offline
 Posted: Mon Jun 1st, 2009 12:54 am
 Quote  Reply 
It appears that on June 1st GM will file bankruptcy and the goverment,meaning all tax payers, will be basically stockholders in the company, at least theoretically. The government will never get back the money spent on this company. It was a mistake to every let the government get involved in a private company. It will also be a tragedy if the government forces GM to make cars people won't buy. They need to get out of private businesses and let them solve their own problems. This is not a good trend. Congress needs to lead and stop being led .


 Current time is 08:20 am



Click here to read our Policies & Disclaimers.
Click here to go to the Newszap.com home page

Powered by WowBB 1.7 - Copyright © 2003-2006 Aycan Gulez
Page processed in 0.1268 seconds (5% database + 95% PHP). 17 queries executed.