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Technology Stocks : American Automobile Industry: Can it survive?
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To: TimF who wrote (361)2/16/2011 12:08:20 PM
From: Don Hurst  Read Replies (1) of 431
 
>>" "What he might have said is this: “We hosed the shareholders and suckered the bondholders down to $0.30 on the dollar. We propped up GMAC with $17.5 billion and then buried the losses in bad bank accounting. We leaned on the accountants to keep $45 billion in Net Operating Losses. We learned something from Bernie Madoff and are letting GM continue to carry $30 billion in unfunded pension liabilities. We dumped GM’s health care obligations, for shares, into a union trust. The rest we moved off the lot. Home run.” "<<

Yup, as you so clearly point out..."HOME RUN" and as the typical CPAC and Tea Party attendee and 9/12er, "HOME RUNS" are "failure" while continued searches for the "long form" of the birth certificate are efforts for "Success".

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