Comments on: Time to Collect Your 3.1 Shares of GM http://pennysleuth.com/time-to-collect-your-31-shares-of-gm/ Penny stocks, small-cap stocks, pink sheet stocks and OTCBB coverage by unbiased and independent analysts. Sun, 12 Feb 2012 09:41:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: lewis http://pennysleuth.com/time-to-collect-your-31-shares-of-gm/comment-page-1/#comment-16176 lewis Mon, 13 Jul 2009 13:03:08 +0000 http://pennysleuth.com/?p=3047#comment-16176 thinking about buying gm at 1.15 what do you think ?? thinking about buying gm at 1.15 what do you think ??

]]> By: Alexander Treutler http://pennysleuth.com/time-to-collect-your-31-shares-of-gm/comment-page-1/#comment-15926 Alexander Treutler Wed, 27 May 2009 20:54:01 +0000 http://pennysleuth.com/?p=3047#comment-15926 My gut tells me to throw GM to the dogs of free enterprise. But the other side of the argument is that the workers did not destroy GM, management did. If anything, the unions ought to have had more input. Bush killed the wrong pig. Late in his term we were told that unless we immediately manifested hundreds of billions of dollars, and gave Paulson total immunity, the system would fall apart. What a crock. Well, there were and are thousands of banks, real banks, who could have picked up the pieces from "too big to fail" casino banks. The same does not hold true of GM. There are not thousands of car makers. The pieces and benefits will go offshore. That's the big diff and that's why I cannot fathom crying over $27 or 50 billion when we threw hundreds and hundreds of billions at Bush's Wall Street buddies. So what if the government takes charge? The government is us (just gotta keep the politicos at bay). So what if we own it? At least hundreds of thousands (and millions up and downstream) jobs stay in America. Good. No, great. And we are educating 300 million Americans in stock concepts. So where's the problem? My gut tells me to throw GM to the dogs of free enterprise. But the other side of the argument is that the workers did not destroy GM, management did. If anything, the unions ought to have had more input.

Bush killed the wrong pig. Late in his term we were told that unless we immediately manifested hundreds of billions of dollars, and gave Paulson total immunity, the system would fall apart. What a crock.

Well, there were and are thousands of banks, real banks, who could have picked up the pieces from “too big to fail” casino banks.

The same does not hold true of GM. There are not thousands of car makers. The pieces and benefits will go offshore. That’s the big diff and that’s why I cannot fathom crying over $27 or 50 billion when we threw hundreds and hundreds of billions at Bush’s Wall Street buddies.

So what if the government takes charge? The government is us (just gotta keep the politicos at bay). So what if we own it? At least hundreds of thousands (and millions up and downstream) jobs stay in America. Good. No, great. And we are educating 300 million Americans in stock concepts. So where’s the problem?

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