04-08-2009, 08:51 PM
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CC Member
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Join Date: Sep 2008
Cobra Make, Engine:
Posts: 1,120
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Not Ranked
The Government is loaded with brilliant businessmen and women that will save GM.
They GAVE GM $$$14 Billion in exchange for a tiny stake in the company. GM's market value today is $1.18 Billion. So we overpaid by more than $$$12 Billion, SO FAR! And we don't even own a large percentage.
AIG, our brilliant Gov. business geniuses gave them $$$$300 Billion for a 36% stake in AIG. Their market value is $2.39 Billion. So we paid 125.5 TIMES what irs worth and now "own" 36%.
With brilliant business moves like those, HOW can they not save GM???
And I heard today that the Gov. has given Microsoft, Millions of Stimulus Dollars, and everybody knows how much MS needs more money.
Am I missing something?
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