Comments on: Bailout Watch 335: GM Has Prepared Uncle Sam for Bigger Bailout http://www.thetruthaboutcars.com/bailout-watch-335-gm-chas-prepared-uncle-sam-for-bigger-bailout/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 07:54:01 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: KixStart http://www.thetruthaboutcars.com/bailout-watch-335-gm-chas-prepared-uncle-sam-for-bigger-bailout/comment-page-1/#comment-1146612 KixStart Mon, 12 Jan 2009 15:27:42 +0000 http://www.thetruthaboutcars.com/?p=215271#comment-1146612 The bigger picture is, why are we doing this at all? I looked at The Turnaround Plan. As far as I can tell, the only justification for aiding GM would be to manage unemployment to reasonable levels but GM's plan calls for the elimination of tens of thousands of jobs. Beats me why we didn't let them go into receivership and just get on with the process. New leadership, all the bloodletting all at once, new GM. The bigger picture is, why are we doing this at all? I looked at The Turnaround Plan. As far as I can tell, the only justification for aiding GM would be to manage unemployment to reasonable levels but GM’s plan calls for the elimination of tens of thousands of jobs. Beats me why we didn’t let them go into receivership and just get on with the process. New leadership, all the bloodletting all at once, new GM.

]]> By: mikey610 (of GM) http://www.thetruthaboutcars.com/bailout-watch-335-gm-chas-prepared-uncle-sam-for-bigger-bailout/comment-page-1/#comment-1146492 mikey610 (of GM) Mon, 12 Jan 2009 15:12:21 +0000 http://www.thetruthaboutcars.com/?p=215271#comment-1146492 Anyone know when the warrants have to be issued for this money, or if they already have been issued? Looking at the 8-K made me dizzy. 20% of 13.4B is 2.7B, which is equal to current market cap of GM. So existing shareholders will see their stake dilutes by ~half at some point...until the bondholders get THEIR equity.... Anyone know when the warrants have to be issued for this money, or if they already have been issued? Looking at the 8-K made me dizzy.

20% of 13.4B is 2.7B, which is equal to current market cap of GM. So existing shareholders will see their stake dilutes by ~half at some point…until the bondholders get THEIR equity….

]]> By: PeteMoran http://www.thetruthaboutcars.com/bailout-watch-335-gm-chas-prepared-uncle-sam-for-bigger-bailout/comment-page-1/#comment-1146361 PeteMoran Mon, 12 Jan 2009 14:53:01 +0000 http://www.thetruthaboutcars.com/?p=215271#comment-1146361 @ RF <em>a tragi-comedy that borders on farce</em> Fawlty Towers @ RF

a tragi-comedy that borders on farce

Fawlty Towers

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