Super Bowl Ad Aftermath: Ford Boosted By GM's Fallout?
02-12-2012, 10:54 PM
#51
resident post whore
Originally Posted by p38fln
I saw a "Built Ford Tough - Without your tax dollars" poster at the local Ford dealer on Friday. Haven't seen that one officially posted before.
02-12-2012, 11:24 PM
#52
Senior Member
Tax payers money, govt motors hasn't paid me back yet.
The company, which went through bankruptcy protection in 2009 and is 26 percent owned by the federal government, earned $7.1 billion through the first nine months of 2011.
But the string of profits did not help G.M.’s stock, which lost about one-quarter of its value following the company’s initial public offering in 2010. The drop delayed the government’s plans to sell the 500 million G.M. shares it still owns, allowing the perceived shadow of public ownership to linger over the automaker as executives work to make progress in its turnaround.
But the string of profits did not help G.M.’s stock, which lost about one-quarter of its value following the company’s initial public offering in 2010. The drop delayed the government’s plans to sell the 500 million G.M. shares it still owns, allowing the perceived shadow of public ownership to linger over the automaker as executives work to make progress in its turnaround.
We are the government, we own 500 million shares of General Motors, and when their share price goes up, those shares will be sold, hopefully at a profit. That is called capitalism.
And please spare me the flames that government should not be investing in private companies. There is not a pension fund for public employees in any state of the Union, that does not own stock in publicly traded companies.
If states can invest in the stock market to make a profit, why can't the feds?
02-13-2012, 09:54 AM
#53
http://money.cnn.com/2011/07/21/auto...exit/index.htm