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Above The Rule of Law: The Obama Takeover of General Motors
April 30, 2009 | Permalink
Comments
Those are the facts; one can't spin the numbers. Thanks.
Posted by: Bruce Oksol | Apr 30, 2009 6:41:52 PM
You forgot the $10 billion for 50% of GM the government is getting.
Posted by: steveegg | May 1, 2009 6:59:26 AM
steveegg beat me to it: The fedgov is getting 50% equity in exchange for forgiving $10b in loans. Plus, whatever isn't covered by the existing pensions will probably go to PBGC and government funding will cover VEBA shortfalls. 'Tis bullshit, really.
Posted by: thomasblair | May 1, 2009 8:28:06 AM
I'm not buying a car made at a company owned and run by Obama and the unions.
Posted by: Woody | May 1, 2009 3:53:44 PM
> I'm not buying a car made at a company owned and run by Obama and the unions.
*Racist Bastard*.
:oD
Posted by: Obloodyhell | May 2, 2009 10:15:50 AM
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