Posted by oldtanker on March 20, 2019 at 12:29:57 from (66.228.255.203):
In Reply to: Made in America. posted by showcrop on March 19, 2019 at 08:08:46:
If everything said here is true then none of us should buy anything from GM, Chrysler, CaseIH/NH or FIAT ever again.
The reason that the government lost money on GM has nothing to do with GM and everything to do with illegal activity by the administration in power and in how they handled the bailout. They insisted a certain percentage be paid back in cash and also demanded stock. 60.8% of GM stock. Courts ruled that the government is barred from owning a business and the government was forced to dump that stock when the price was down. Can't really blame GM for stock prices during a recession. So in reality GM did pay ack the government but the government lost money over it because of poor decisions.
The government forced Chrysler into a bad deal where stock holders lost everything invested (that includes anyone with a 401K that help Chrysler stock). Instead of getting pennies on the dollar they got nothing. Then the government sold FIAT Chrysler for a fraction of the true value.
So Kubota and JD! The only thing to buy now! And Ford!
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