Blue48

Champion Author
Illinois
Posts:2,481 Points:631,890 Joined:Feb 2007
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Message Posted: Mar 11, 2010 3:47:41 PM
OK??
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JXQW

All-Star Author
Kansas City
Posts:788 Points:300,045 Joined:Jul 2008
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Message Posted: Mar 11, 2010 8:02:21 AM
not again, please ...
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WyrelessMike

All-Star Author
Little Rock
Posts:937 Points:266,085 Joined:Aug 2008
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Message Posted: Mar 11, 2010 7:50:19 AM
I think it may be important to note that GM divested itself of GMAC. GMAC is not an automaker.
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WyrelessMike

All-Star Author
Little Rock
Posts:937 Points:266,085 Joined:Aug 2008
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Message Posted: Mar 11, 2010 7:44:13 AM
I guess we can all say we "lost another loan to ditech."
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BigdaddyMA

Sophomore Author
Massachusetts
Posts:156 Points:134,455 Joined:Oct 2008
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Message Posted: Mar 11, 2010 7:41:05 AM
Guess we should have stuck to something we were good at like invading 3rd world countries!!!!!!
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ModelWarships

Champion Author
Missouri
Posts:1,759 Points:428,095 Joined:Jul 2008
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Message Posted: Mar 11, 2010 7:36:34 AM
WE already paid to prevent GMC from going bankrupt, only to have them go bankrupt a couple of months later. If GMAC can't make money, let them fail. Don't pump money into a losing business. We can't afford it.
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texasvet

Champion Author
Texas
Posts:1,320 Points:151,255 Joined:Jul 2009
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Message Posted: Mar 11, 2010 7:34:40 AM
If GMAC had stuck with car loans, they wouldn't be broke. On the other hand, the government has no business running, bailing out, or financing car companies, either.
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techque

Champion Author
St. Louis
Posts:3,717 Points:1,493,815 Joined:Apr 2005
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Message Posted: Mar 11, 2010 7:33:37 AM
still waiting for my bailout !@!
instead of paying for everybody elses.
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yukonjack

Champion Author
Georgia
Posts:4,219 Points:1,111,670 Joined:Oct 2004
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Message Posted: Mar 11, 2010 7:31:30 AM
Maybe if GMAC goes bankrupt I won't have to pay my car note. :)
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Hunter114

Champion Author
Chicago
Posts:2,793 Points:450,820 Joined:Apr 2009
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Message Posted: Mar 11, 2010 7:29:41 AM
GMAC should have went bankrupt two years ago. The administration should have never gotten taxpayer money in this mess.
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thirstyauto

Champion Author
Milwaukee
Posts:5,818 Points:603,955 Joined:Nov 2008
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Message Posted: Mar 11, 2010 7:28:10 AM
It's bad enough that the government randomly takes what ever amount of MY money they deem necessary, but do they have to spend it so foolishly!!!
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Jizme

Champion Author
Lincoln
Posts:4,722 Points:1,890,540 Joined:Oct 2004
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Message Posted: Mar 11, 2010 7:27:16 AM
Isn't that the same thing? The company board is the government and GMAC stands for Government Motor Automaker Corporation. Sounds like the same thing to me.
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gilfarm

Champion Author
Alabama
Posts:1,962 Points:974,635 Joined:Sep 2005
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Message Posted: Mar 11, 2010 7:27:02 AM
That is a lot of money!
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FlyNFool

Champion Author
South Carolina
Posts:3,376 Points:683,695 Joined:Aug 2008
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Message Posted: Mar 11, 2010 7:26:48 AM
It's Obamas fault!
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seeyardee

Champion Author
Sacramento
Posts:4,185 Points:799,435 Joined:Apr 2008
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Message Posted: Mar 11, 2010 7:24:50 AM
6.3 billion? What is that, about 36 hours funding the 2 wars that Bush got us into?
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spunky4443

Champion Author
Washington
Posts:3,861 Points:1,018,935 Joined:May 2005
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Message Posted: Mar 11, 2010 7:24:24 AM
If there had been a Public vote on the subject, there would be no GM or GMAC.
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Zonk

Champion Author
Michigan
Posts:1,395 Points:1,113,750 Joined:Oct 2005
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Message Posted: Mar 11, 2010 7:23:36 AM
obama motors will stick it to the taxpayers once again.
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LilRedWagonIN

Champion Author
Indiana
Posts:2,622 Points:566,255 Joined:Oct 2008
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Message Posted: Mar 11, 2010 7:23:29 AM
And GM just said they were paying back the loan with interest. Think Chrysler will? Think GMAC will? Think all the banks, insurance companies, and every other Tom, Dick, and Harry will?
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Wolfwings

Champion Author
Delaware
Posts:3,730 Points:780,170 Joined:May 2004
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Message Posted: Mar 11, 2010 7:22:02 AM
No big surprise, given that O-BUMMER, Biden and Tom Carper voted to give our Social Security raises to ILLEGAL ALIENS.
Just another BAD IDEA by the Dam-O-Craps.
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Dale Jr.

Champion Author
Illinois
Posts:11,085 Points:2,220,050 Joined:May 2004
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Message Posted: Mar 11, 2010 7:20:57 AM
I didn't want my tax money given to them in the first place.
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Bussman

Champion Author
Dallas
Posts:1,627 Points:489,405 Joined:Nov 2008
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Message Posted: Mar 11, 2010 7:18:51 AM
Wow! Couldn't have said it any better Wizrd03. Can't wait for election day when we will hopefully finally vote for "CHANGE WE CAN BELIEVE IN"!
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maske_2222

Champion Author
Manitoba
Posts:2,924 Points:607,560 Joined:Oct 2008
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Message Posted: Mar 11, 2010 7:18:08 AM
What would they do without the taxpayers?
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gagal31525

Veteran Author
Georgia
Posts:423 Points:368,645 Joined:Feb 2008
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Message Posted: Mar 11, 2010 7:16:22 AM
They should be require to send the money in America.
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condé

Champion Author
Michigan
Posts:1,286 Points:1,295,705 Joined:Oct 2004
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Message Posted: Mar 11, 2010 7:15:18 AM
Nothing New... the Government couldn't protect the box of screws they use on the tax payers.....
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hauler43

Champion Author
Oakland
Posts:4,643 Points:1,817,235 Joined:Sep 2003
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Message Posted: Mar 11, 2010 7:14:50 AM
Always the taxpayers.
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kyrunner

Champion Author
Lexington
Posts:3,722 Points:685,135 Joined:Aug 2008
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Message Posted: Mar 11, 2010 7:14:47 AM
I think it is way past time to let GMAC go bankrupt (like it should have a year ago)and let someone buy what is left. I am SO tired of taxpayer money being flushed down the crapper!
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JimL1

Champion Author
Phoenix
Posts:2,939 Points:375,895 Joined:Jul 2003
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Message Posted: Mar 11, 2010 7:14:18 AM
Bush's bush league bailout program does not work, does it? Even President Obama probably cannot fix this one.
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Goatroper

Champion Author
Dallas
Posts:1,856 Points:377,410 Joined:Apr 2004
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Message Posted: Mar 11, 2010 7:12:53 AM
I thought that Uncle Sam would be the majority stockholder and as such would get the priority dividends. Might take a couple of hundred years to get pay back though.
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KNOTTUSLIM

Sophomore Author
Kansas
Posts:171 Points:227,145 Joined:Oct 2008
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Message Posted: Mar 11, 2010 7:12:18 AM
Shut down all divisions of Government Motors and cover them up.Let the winner keep on with business and quit robbing from the taxpayers.
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bobsalwaysmt

Champion Author
Long Island
Posts:2,333 Points:151,340 Joined:Oct 2007
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Message Posted: Mar 11, 2010 7:10:56 AM
Let's just keep printing money - after all, isn't that what all 3rd world countries do?
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smoketown

Champion Author
Cincinnati
Posts:2,880 Points:597,260 Joined:Feb 2008
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Message Posted: Mar 11, 2010 7:08:59 AM
Close them down, final ..............
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dabayer

All-Star Author
New Hampshire
Posts:608 Points:206,635 Joined:Oct 2005
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Message Posted: Mar 11, 2010 7:08:53 AM
The article states,
"Treasury said a merger between GMAC and GM would be up to the companies' boards, not the government. ... The government owns 56 percent of GMAC after three separate bailouts since December 2008. The oversight panel said bankruptcy was a viable option for the finance company."
Treasury, oversight panel: On what planet are you?
If the US government owns 56%, YOU ARE THE BOARD!!!! Make it happen, its our money.
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Wizrd03

Champion Author
Illinois
Posts:3,028 Points:622,905 Joined:Oct 2008
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Message Posted: Mar 11, 2010 7:08:52 AM
More lies from the gov't as to what the taxpayers are being put on the hook for by run away federal spending. Figures lie and liars figure and the biggest liar is sitting in the white house.
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Cerberus2k

Champion Author
Phoenix
Posts:1,028 Points:616,710 Joined:Apr 2008
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Message Posted: Mar 11, 2010 7:08:49 AM
It was definately worth it considering the thousands of jobs that were actually created. Unfortunately for Americans those jobs were at plants in Mexico & Canada.
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misterray

Champion Author
Oregon
Posts:1,985 Points:496,265 Joined:Aug 2008
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Message Posted: Mar 11, 2010 7:07:05 AM
Hasn't happened yet.
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tazdriver

Champion Author
Huntsville
Posts:4,892 Points:1,152,250 Joined:Jan 2007
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Message Posted: Mar 11, 2010 7:06:11 AM
Since they used our money, we should be the owners.
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niceguytx

Champion Author
Houston
Posts:8,761 Points:1,708,435 Joined:Sep 2005
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Message Posted: Mar 11, 2010 7:04:06 AM
If they cannot pay it back, shut them down.
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TheBruce2009

Rookie Author
Massachusetts
Posts:80 Points:136,425 Joined:May 2009
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Message Posted: Mar 11, 2010 7:03:20 AM
Why should there be any cost to us in the end? They should simply pay it all back plus interest. If they can earn profits for themselves and their shareholders then they can certainly pay us all back for saving their bacon...
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jmg144

Champion Author
Maryland
Posts:6,718 Points:1,972,690 Joined:Jul 2004
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Message Posted: Mar 11, 2010 7:02:48 AM
lparafael thank you for the comment - government gobblygook
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NashGas

All-Star Author
Nashville
Posts:524 Points:114,130 Joined:Dec 2009
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Message Posted: Mar 11, 2010 7:02:31 AM
No Surprise
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diatzikis

All-Star Author
Raleigh
Posts:718 Points:193,305 Joined:Jul 2008
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Message Posted: Mar 11, 2010 7:02:27 AM
Bailout, bad idea.
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bababooey2

Champion Author
Hartford
Posts:1,281 Points:286,265 Joined:Sep 2009
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Message Posted: Mar 11, 2010 7:02:22 AM
O'Bama is da man.....cough
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lparafael

Champion Author
Ventura
Posts:5,988 Points:1,036,255 Joined:Dec 2006
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Message Posted: Mar 11, 2010 7:01:03 AM
"Treasury said a merger between GMAC and GM would be up to the companies' boards, not the government."
Since the government owns 56% of GM, as also stated in the article, then the majority owner can influence the GM board to swallow up GMAC once again. It's not rocket science, this happens all the time when the majority owner says something it gets done.
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30mpg80

Champion Author
Lexington
Posts:1,142 Points:472,445 Joined:Nov 2008
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Message Posted: Mar 11, 2010 7:00:23 AM
How many prefer no bailouts, worldwide depression worst in history?
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braves89

Champion Author
Chicago
Posts:2,555 Points:617,820 Joined:Apr 2008
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Message Posted: Mar 11, 2010 6:57:08 AM
everything costs the taxpayers
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rippinusoff

Champion Author
Lexington
Posts:2,279 Points:474,865 Joined:May 2007
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Message Posted: Mar 11, 2010 6:56:42 AM
why? i though they were paying us back... wait... on second thought, I knew they were gonna steal our money and never pay us back.
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captngasTN

Champion Author
Tennessee
Posts:1,716 Points:391,110 Joined:Jun 2009
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Message Posted: Mar 11, 2010 6:56:37 AM
sadly, as predicted
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carrollcreek

Champion Author
Minnesota
Posts:1,421 Points:326,970 Joined:Jun 2008
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Message Posted: Mar 11, 2010 6:56:10 AM
My mortgage is with this company, and its crazy how they deal with their customers. If I could get out, I would.
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Retowered

Champion Author
Colorado
Posts:4,080 Points:1,690,835 Joined:May 2004
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Message Posted: Mar 11, 2010 6:55:41 AM
When can we get a government bail out??
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1006

Veteran Author
Birmingham
Posts:262 Points:579,575 Joined:Apr 2008
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Message Posted: Mar 11, 2010 6:54:44 AM
It's my money going for this. . where is my stock certificate?
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