Chevrolet Corvette Stingray C7 Forum - View Single Post - Just came across the Blaze-Could GM go Bankrupt again?

tonyko1 · 08-17-2012, 09:06 PM

I agree with Optumus, 100% thanks. The government sure screwed the senior bond holders that normally would have been paid. Also, the pensions of the non-union folks, gone. The US Govt lent MORE more money to GM than ALL of US foreign aid for 2012.......just saying.

They still owe us the taxpayers $25 Billion, probably never see it. This aint the bailout that Chrysler got in 78 and paid back ahead of time. GM also was going to dump GM Europe (Opel) which is a big money pit but didn't and now it is dragging them down.

Ironically, the union now owns the joint and they are the ones choosing to cut jobs....and move production and R&D over to..........ready..............CHINA.

Sometimes reality is weirder than fiction.

08-17-2012, 09:06 PM	#61
tonyko1 Banned Drives: 2012 Camaro 2SS/RS Convertible, IBM Join Date: Jun 2012 Location: Oregon Posts: 1,015	I agree with Optumus, 100% thanks. The government sure screwed the senior bond holders that normally would have been paid. Also, the pensions of the non-union folks, gone. The US Govt lent MORE more money to GM than ALL of US foreign aid for 2012.......just saying. They still owe us the taxpayers $25 Billion, probably never see it. This aint the bailout that Chrysler got in 78 and paid back ahead of time. GM also was going to dump GM Europe (Opel) which is a big money pit but didn't and now it is dragging them down. Ironically, the union now owns the joint and they are the ones choosing to cut jobs....and move production and R&D over to..........ready..............CHINA. Sometimes reality is weirder than fiction.