Quote:
Originally Posted by sprtplt
Utter nonsense. You conveniently omit the enormous unfunded liabilities from UAW retiree pension and health-care plans. You also ignore the market cap problem, investors will not blindly believe the press releases and purchase enough stock, at high enough prices to repay (us) the treasury.
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Why would he include the stake VEBA has when the discussion is about paying back the government? The UAW isn't a government entity and neither is their VEBA healthcare fund.
As for the investors, if I remember correctly, the stock will be sold off in stages. So it will be traded openly for a time, allowing its value to fluctuate according to the mysterious ways of the stock market, before more is sold off. I could be wrong on that though. Besides, if investors can manage to inflate the value of MLC (useless, old GM) then there is no telling what they can do to a company with an actual positive cash flow.