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  • Gov't Motors and other car news...

    GM Could Become Gov't Motors Note to self, don't buy GM car

    Obama Gives Chrysler $8 Billion to File Bankruptcy Am I missing something here?
    Infinity Art Glass - Fantastic local artist and Shocker fan
    RIP Guy Always A Shocker
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  • #2
    GM Bankruptcy All But Inevitable
    Infinity Art Glass - Fantastic local artist and Shocker fan
    RIP Guy Always A Shocker
    Carpenter Place - A blessing to many young girls/women
    ICT S.O.S - Great local cause fighting against human trafficking
    Wartick Insurance Agency - Saved me money with more coverage.
    Save Shocker Sports - A rallying cry

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    • #3
      GM to Sell Chinese Cars in US in 2011
      Infinity Art Glass - Fantastic local artist and Shocker fan
      RIP Guy Always A Shocker
      Carpenter Place - A blessing to many young girls/women
      ICT S.O.S - Great local cause fighting against human trafficking
      Wartick Insurance Agency - Saved me money with more coverage.
      Save Shocker Sports - A rallying cry

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      • #4
        New Emissions and Mileage Standards

        Who wants to bet that the number of traffic deaths will increase as companies have to make cars even lighter and less safe? I'm all for saving money on gas but not if it means risking my life to drive a car. There are better ways to do this.

        And while I'm talking about it, I wonder how many more times we'll have to bail out Gov't Motors since they're going to be forced to make a bunch of cars that the American people don't want.
        Infinity Art Glass - Fantastic local artist and Shocker fan
        RIP Guy Always A Shocker
        Carpenter Place - A blessing to many young girls/women
        ICT S.O.S - Great local cause fighting against human trafficking
        Wartick Insurance Agency - Saved me money with more coverage.
        Save Shocker Sports - A rallying cry

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        • #5
          White House to Move GM Into Bankruptcy and Give Them Billions More
          Infinity Art Glass - Fantastic local artist and Shocker fan
          RIP Guy Always A Shocker
          Carpenter Place - A blessing to many young girls/women
          ICT S.O.S - Great local cause fighting against human trafficking
          Wartick Insurance Agency - Saved me money with more coverage.
          Save Shocker Sports - A rallying cry

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          • #6
            U.S. Likely Taking Majority Ownership of GM
            Infinity Art Glass - Fantastic local artist and Shocker fan
            RIP Guy Always A Shocker
            Carpenter Place - A blessing to many young girls/women
            ICT S.O.S - Great local cause fighting against human trafficking
            Wartick Insurance Agency - Saved me money with more coverage.
            Save Shocker Sports - A rallying cry

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            • #7
              Originally posted by SubGod22
              Disgusting.

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              • #8
                Can not believe it looks like we're going to have a 70% stake in GM. It looks like we could see a bankruptcy filing as early as next week. June 1st one billion dollars in interest is due and GM says they don't have the money to pay it. Bond holders turned down a unsecured debt to stock swap so I'm guessing they'll be wiped out when GM files bankruptcy.

                I just can not wait for these "bailouts" to end. CNN's Bailout Tracker shows we have "invested" $2.6 trillion out of $10.6 trillion committed. That's almost a years GDP, insane :shock:.

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                • #9
                  I really don't want to have a stake in GM, and I drive a GM product. This is just not good any way we look at it.

                  Mark this down as another topic I am in agreement with Sub. This is getting scary. I think I'm up to 4 or 5 of these now. :)

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                  • #10
                    Originally posted by rrshock
                    I really don't want to have a stake in GM, and I drive a GM product. This is just not good any way we look at it.

                    Mark this down as another topic I am in agreement with Sub. This is getting scary. I think I'm up to 4 or 5 of these now. :)
                    There's always hope for you :P
                    Infinity Art Glass - Fantastic local artist and Shocker fan
                    RIP Guy Always A Shocker
                    Carpenter Place - A blessing to many young girls/women
                    ICT S.O.S - Great local cause fighting against human trafficking
                    Wartick Insurance Agency - Saved me money with more coverage.
                    Save Shocker Sports - A rallying cry

                    Comment


                    • #11
                      The Road to Mediocrity
                      Infinity Art Glass - Fantastic local artist and Shocker fan
                      RIP Guy Always A Shocker
                      Carpenter Place - A blessing to many young girls/women
                      ICT S.O.S - Great local cause fighting against human trafficking
                      Wartick Insurance Agency - Saved me money with more coverage.
                      Save Shocker Sports - A rallying cry

                      Comment


                      • #12
                        I just wanted to add the following as well (somewhat related to this topic). I really hope the government knows what they're doing coming out of this recession. I'm not holding my breath. Because after giving GM & lots of other big companies billions & trillions of $$$, this could lead to much higher inflation.

                        What do investors do to protect themselves from inflation? They buy commodities, jacking up the price. It's already happening to oil among other reasons :-x. Oil today (so far) is up $1.17 to $64.62. Gold is up $9.60 to $964.80. Exxon's CEO said on the WSJ that demand is still flat. Source.

                        Forbes has an article on it here.

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                        • #13
                          Originally posted by twister17e
                          What do investors do to protect themselves from inflation? They buy commodities, jacking up the price. It's already happening to oil among other reasons :-x. Oil today (so far) is up $1.17 to $64.62. Gold is up $9.60 to $964.80. Exxon's CEO said on the WSJ that demand is still flat.
                          It's George Bush's fault that oil prices are up. 8)

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                          • #14
                            That's why I bought a little extra gold about 6 months ago. And I may consider buying a little more.

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                            • #15
                              Originally posted by twister17e
                              I just wanted to add the following as well (somewhat related to this topic). I really hope the government knows what they're doing coming out of this recession. I'm not holding my breath. Because after giving GM & lots of other big companies billions & trillions of $$$, this could lead to much higher inflation.

                              What do investors do to protect themselves from inflation? They buy commodities, jacking up the price. It's already happening to oil among other reasons :-x. Oil today (so far) is up $1.17 to $64.62. Gold is up $9.60 to $964.80. Exxon's CEO said on the WSJ that demand is still flat. Source.

                              Forbes has an article on it here.
                              This is a little off-topic for this thread but since you brought up inflation, etc. I thought this article was very persuasive in laying out the risks and arguing against of all this government spending:

                              S&P’s sovereign rating outlook for the UK is also a wake-up call for a US government with spiralling borrowings

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