Quote:
Originally Posted by Hylton
The money wasn't sitting in a GM account somewhere. It was a draw down. In other words they did not reduce their debt one penny by doing this.
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It's hard to believe people are looking at this as a win for GM and our Government. Believing in propaganda hook line and sinker. Money was shuffled and they do it under the banner the debt has been re-paid...It is laughable..
Quote:
Originally Posted by Hylton
Who do you think has the final say regarding board selection? Who can add or remove board members anytime they want? Answer - the owners of a corporation. Owning bonds makes you a creditor, not an owner.
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THis is 100% accurate. The current owner of the corporation with over 60% of the share's is...Ta da..The US government. UNtil they relinquish that power they can move GM, rename GM, close down any portion of GM they want, and vote who stays and who goes now. They have done all this by the way already if you needed any proof of the power given to them.