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Author	Topic: Federal panel: GMAC bailout will cost taxpayers $6.3B	Post a Reply Back to Topics

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Retowered Champion Author Colorado Posts:4,143 Points:1,725,695 Joined:May 2004	Message Posted: Mar 11, 2010 6:55:41 AM Ignore Retowered Report Abuse When can we get a government bail out??
1006 Veteran Author Birmingham Posts:305 Points:614,960 Joined:Apr 2008	Message Posted: Mar 11, 2010 6:54:44 AM Ignore 1006 Report Abuse It's my money going for this. . where is my stock certificate?
mreiff Champion Author Louisville Posts:1,628 Points:366,095 Joined:May 2009	Message Posted: Mar 11, 2010 6:54:17 AM Ignore mreiff Report Abuse Hopefully we learned a lesson here; it is great to help out sick companies but we need good controls to ensure funding is used wisely.
GingoutMD All-Star Author Maryland Posts:635 Points:144,245 Joined:Jan 2010	Message Posted: Mar 11, 2010 6:53:51 AM Ignore GingoutMD Report Abuse As soon as the word "bailout" was used the taxpayers lost. Even if they companies that took bailout money pay the gov't back with interest, we all would have been better off spending that money elsewhere. If a big company cannot manage its financial shop, it should fail like the Mom & Pop store on the street corner. Trust me when I say that some other company will fill in the void.
ILVET Champion Author Illinois Posts:9,905 Points:1,964,620 Joined:Jan 2005	Message Posted: Mar 11, 2010 6:53:04 AM Ignore ILVET Report Abuse Well, we the people voted these idiots into office and then vote them in for 4 more years. No whining please!
racerdj Champion Author Indianapolis Posts:4,925 Points:1,082,985 Joined:Jun 2003	Message Posted: Mar 11, 2010 6:51:01 AM Ignore racerdj Report Abuse This shouldn't surprise anybody.
Iversonfan All-Star Author Richmond Posts:889 Points:61,340 Joined:Jan 2006	Message Posted: Mar 11, 2010 6:50:21 AM Ignore Iversonfan Report Abuse i cant wait till i get my 17 billion dollar bail out .. i wonder when it will come ?
afghaned Champion Author Hamilton Posts:4,390 Points:313,600 Joined:May 2004	Message Posted: Mar 11, 2010 6:48:51 AM Ignore afghaned Report Abuse Guess this means we'll lose our tax dollars in Canada as well.
bicycler Champion Author Ontario Posts:9,739 Points:1,706,235 Joined:May 2005	Message Posted: Mar 11, 2010 6:48:34 AM Ignore bicycler Report Abuse The government does not have to worry because it is not their money.
salgood Veteran Author Twin Cities Posts:474 Points:175,490 Joined:Jun 2008	Message Posted: Mar 11, 2010 6:47:53 AM Ignore salgood Report Abuse That's O.K., I get really neato coupons from my Chevy dealer I can use towards the purchase of a brand new car all the time! Oh wait, that's a scam too isn't it!
katiejayWV Champion Author West Virginia Posts:1,270 Points:383,310 Joined:Nov 2008	Message Posted: Mar 11, 2010 6:46:25 AM Ignore katiejayWV Report Abuse Throwing good money after bad.
kruk Champion Author London Posts:2,843 Points:332,715 Joined:Jan 2007	Message Posted: Mar 11, 2010 6:46:24 AM Ignore kruk Report Abuse see what happens when you put together government stupidity and GM ignorance - taxpayer gets screwed
BeaverBilly Champion Author Alberta Posts:4,995 Points:1,578,660 Joined:Feb 2003	Message Posted: Mar 11, 2010 6:45:52 AM Ignore BeaverBilly Report Abuse Are we surprised, not at all.
DJRIO Champion Author Miami Posts:2,495 Points:459,550 Joined:Jan 2008	Message Posted: Mar 11, 2010 6:44:47 AM Ignore DJRIO Report Abuse nothing new
Reggieregg Sophomore Author Toronto Posts:184 Points:250,590 Joined:Jul 2009	Message Posted: Mar 11, 2010 6:44:08 AM Ignore Reggieregg Report Abuse Why save them?
mooneagle Champion Author Oklahoma City Posts:3,826 Points:786,140 Joined:Jun 2008	Message Posted: Mar 11, 2010 6:43:46 AM Ignore mooneagle Report Abuse where my share in GM and GMAC I am a taxpayer????????????????????????. the poor person pays and the rich get richer
albert2008 Champion Author Winnipeg Posts:2,483 Points:531,885 Joined:Sep 2008	Message Posted: Mar 11, 2010 6:42:54 AM Ignore albert2008 Report Abuse at least gm didnt go down
DrLyon Champion Author Michigan Posts:1,919 Points:255,300 Joined:May 2006	Message Posted: Mar 11, 2010 6:42:13 AM Ignore DrLyon Report Abuse Sounds like GM and GMAC should dance.
TommyTraveler Champion Author Cincinnati Posts:3,701 Points:723,980 Joined:Nov 2007	Message Posted: Mar 11, 2010 6:41:03 AM Ignore TommyTraveler Report Abuse When are going to get a bailout?
DRHCNY Champion Author New York Posts:1,823 Points:545,965 Joined:Oct 2007	Message Posted: Mar 11, 2010 6:38:36 AM Ignore DRHCNY Report Abuse If the government can find a way to waste or loose money they will. It's all about greasing the palm.
Jeeputtputt All-Star Author Cincinnati Posts:721 Points:183,670 Joined:Aug 2009	Message Posted: Mar 11, 2010 6:37:58 AM Ignore Jeeputtputt Report Abuse "Taxpayers Lose" Great way to start our day. What else is new?
karmadrome Champion Author Wisconsin Posts:1,147 Points:365,070 Joined:Oct 2008	Message Posted: Mar 11, 2010 6:36:27 AM Ignore karmadrome Report Abuse Wait, the decision to merge GMAC and GM should be up to the board, not the government, but every other decision is up to the government. Well, now isn't that quite the line they've laid down?
VetteFan Champion Author Indiana Posts:4,876 Points:1,067,420 Joined:Aug 2005	Message Posted: Mar 11, 2010 6:33:25 AM Ignore VetteFan Report Abuse How many other companies are going to share in tax-payers losing money? Congress can chase the money if they chose to.