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      12-28-2012, 12:18 AM   #197
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Quote:
Originally Posted by Efthreeoh View Post
This just soooo old....

I think most of the market doesn't even know the details of the Government financing of GM, or really doesn't care (i.e. per the results of the 2012 Presidential election). GM makes as good cars as any other manufacturer, you just think they don't. But you're right there should be only one manufacturer, the Mighty BMW!

Go find out how broke BMW was in the '50s before its "bailout."
Actually, it's still in process - taxpayers will lose about $25Billion over the next year, when the treasury sells its stake in GM stock at a 50% loss to us taxpayers (that's another $80 for each American).

As I understand it, BMW was close to bankruptcy in 1959. But they built the Isetta, which saved the company - it wasn't that the government stepped in and grabbed it from stockholders.

But you are right - no one seems to care. Perhaps we have realized that we can vote ourselves money from the treasury (who just prints more).
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