You Didn't Ask For It, But You May Own A Majority Stake In General Motors

The Obama administration hasn't agreed to GM's plan yet -- ahead of a June 1 federal deadline. "The administration has made no final decision regarding the treatment of its current loan to GM or with respect to any future investments in the company," the Obama auto task force said in a statement.

The dramatic move means that at least temporarily the U.S. government would have the right to call all of the shots at the Detroit automaker -- as part of its $15.4 billion in loans to GM to date. GM said today it expects to receive another $11.6 billion in loans from the government.


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2001W210 - 4/27/2009 3:21:22 PM

+4 Boost

I am willing to sell cheaper then BimmerMike46.

ThierryHenry14 - 4/27/2009 5:12:23 PM

+6 Boost

I'm giving mine away for free...

cdoke - 4/27/2009 6:47:43 PM

+4 Boost

Market wins.

Thierry Henry, the next time I run out of bathroom tissue I will be showing up for your stock certificates.

ThierryHenry14 - 4/27/2009 10:51:25 PM

+3 Boost

cdoke...

they will be up front, curb side...

t_sotello - 4/27/2009 3:02:30 PM

-1 Boost

should have just bought a GM in the first place

topneuro - 4/27/2009 3:21:06 PM

+6 Boost

Will gladly trade my due GM stock for Ford stock instead.

calsonicz - 4/27/2009 3:36:56 PM

-2 Boost

Communism

rocker - 4/27/2009 5:06:25 PM

+5 Boost

Maybe all the Liberals that voted Obama in will now buy GM instead of Toyota.

ThierryHenry14 - 4/27/2009 5:13:57 PM

0 Boost

Just because the gov't owns a majority stake via our tax dollars does not translate into us being an owner...

camrydriver - 4/27/2009 6:40:41 PM

0 Boost

A LOT of bad things happen after EIGHT YEARS of horrendous policies and mismanagement by the executive branch. People need to think before they vote another coke-head, born-again talking head like GWB into office ever again. History may very well end up showing that GWB was the final push into oblivion that our country just couldn't recover from. In the mean time, enjoy your GWB shit sandwich.

Jordanski - 4/27/2009 8:21:52 PM

0 Boost

I wouldn't mind having a share in Subaru at the moment.

dhkss2002 - 4/28/2009 2:52:30 AM

+3 Boost

Own a majority stake? Ok, how many shares did each one of you receive? It's more a case of, they used your money and gave you f'ol in return. Go ahead Mr. majority stakeholder, buy yourself a steak dinner with those 'phantom' shares. It's a tragedy that taxpayers are fleeced to prop up a sinking ship.

roundwego - 4/28/2009 7:58:51 AM

-1 Boost

I love it , now you when you don't buy domestic you're shooting yourself. why don't you effers pack your bags and move to Japan now. HA HA HA HA

EL34 - 5/1/2009 8:13:40 PM

+1 Boost

The UAW will soon be dead and buried.

:-D