Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (561939)	4/20/2010 11:39:23 AM
From: one_less	Read Replies (2) \| Respond to of 1572108

tejek suggests Obama has gotten crazier and that he is not telling the truth about this... "Obama administration officials have said was unlikely to be returned entirely when GM begins to sell shares publicly." tejek: "When GM does an equity raise through the selling of common stock. That will happen when the company is solidly profitable......hopefully by 2011." I wonder if tejek's abandonment of Obama has something to do with the recent protests against Obama by gay activists...

To: Tenchusatsu who wrote (561939)	4/20/2010 11:49:43 AM
From: tejek	Respond to of 1572108

The U.S. government has put nearly $50 billion into saving GM from collapse, an amount Obama administration officials have said was unlikely to be returned entirely when GM begins to sell shares publicly. Based on analysts' estimates, the government's stake could approach the $30.1 billion spent by the Obama administration solely on GM's bankruptcy. Just your usual smoke-n-mirrors from GM. Nothing has changed, except that they're now subsidized by us taxpayers. There is $50 billion in gov't monies owed by GM. By June, GM will have paid back roughly $10 billion of those monies, leaving $40 billion to repay. If GM issues 15 billion shares.....the same number of shares that INTC has.........and those shares trade at $3, it will have enough money to pay back the Feds. Is that possible? Of course. Will it happen? I can't predict the future.