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.GM creditors may recover some lost funds
GM continues to try and beat creditors out of their money.
General Motors Co., which emerged from bankruptcy July 10, was fighting with old GM, known as Motors Liquidation Co., and lending arm GMAC Inc. over millions placed in an escrow account until various claims could be resolved. The three companies have agreed to a settlement that would split $2.5 million between GM and the bankrupt arm of the company.
GM to shrink Opel 25%
AMAZING HOLES
These holes are not only amazing, but some are really terrifying! The sheer scale of these holes reminds you of just how tiny we are.
Kimberley Big Hole - South Africa
Apparently the largest ever hand-dug excavation in the world,
this 1097 meter deep mine yielded over 3 tons of diamonds
Before being closed
Glory Hole - Monticello Dam, California
A glory hole is used when a dam is at full capacity
and water needs to be drained from the reservoir.
It is the largest spillway of this type in the world.
It consumes 14,400 cubic feet of water every second.
Great Blue Hole , Belize
This incredible geographical phenomenon known as a
blue hole is situated 60 miles off the mainland of Belize .
There are numerous blue holes around the world,
but none as stunning as this one.
Sinkhole in Guatemala
These photos are of a sinkhole that occurred early this year in Guatemala .
The hole swallowed 2 dozen homes and killed at least 3 people.
RAT HOLE in Washington D.C.
It is capable of swallowing trillions and trillions of U.S. Dollars-annually!
The money that falls into this hole is never heard from again!
It is reputed to be filled with at least 535 azz 'holes'.
OBAMA HEALTH CARE
If Obama's health care program becomes law You will see more industries moving to Mexico and other countries.
Under the program if a company does not give health benefits then they will be given a hefty fine.
I also like the part where if a person does not have health care they can be jailed. I was just wondering who was going to pay for their health care lodging and food while they were in jail. DUH!
.GM creditors may recover some lost funds
Unsecured creditors who lost billions when General Motors Corp. filed bankruptcy last summer could get a rare windfall Tuesday if a judge approves a nearly $1.9 million settlement.
The list totals billions of dollars. I just wonder how many pennies we will get per dollar?
.GM creditors may recover some lost funds
Here is a list of bondholders that OBAMA and GM screwed the investors out of:
**Issue Name CUSIP# Outstanding Indenture Date Closed Date
GM Corp 9.40% Debs due 7/15/2021 370442AN5 $299,795,000.00 11/15/1990 7/22/1991
GM Corp 8.80% Notes due 3/1/2021 370442AJ4 $524,795,000.00 11/15/1990 3/12/1991
GM Corp 7.40% Debs due 9/1/2025 370442AR6 $500,000,000.00 11/15/1990 9/11/1995
GM Corp Medium Term Notes AG3 37045EAG3 $15,000,000.00 11/15/1990 7/22/1991
GM Corp Medium Term Notes AS7 37045EAS7 $48,175,000.00 11/15/1990 12/21/1990
GM Corp 7.75% Disc Debs due 3/15/2036 370442AT2 $377,377,000.00 12/7/1995
3/20/1996
GM Corp 7.70% Debs due 4/15/2016 370442AU9 $500,000,000.00 12/7/1995 4/15/1996
GM Corp 8.10% Debs due 6/15/2024 370442AV7 $400,000,000.00 12/7/1995 6/10/1996
GM Corp 6 3/4 Debs due 5/1/2028 370442AZ8 $600,000,000.00 12/7/1995 4/29/1998
GM Corp 7.20% Notes due 1/15/2011 370442BB0 $1,500,000,000.00 12/7/1995
1/11/2001
GM Corp 7.25% Q Int Bnds due 4/15/2041 370442816 $575,000,000.00 12/7/1995
4/30/2001
GM Corp 7 1/4 Sr Notes due 7/15/2041 370442774 $718,750,000.00 12/7/1995
7/9/2001
GM Corp 7.375% Sr Notes due 10/1/2051 370442766 $690,000,000.00 12/7/1995
10/3/2001
GM Corp 7.25% Sr Notes due 2/15/2052 370442758 $875,000,000.00 12/7/1995
2/14/2002
GM Corp 4.50% Series A Conv Sr Debs 370442741 $1,150,000,000.00 12/7/1995
3/6/2002
GM Corp 5.25% Series B Conv Sr Debs 370442733 $2,600,000,000.00 12/7/1995
3/6/2002
GM Corp 7.375% Sr Notes due 5/15/2048 370442725 $1,115,000,000.00 12/7/1995
5/19/2003
GM Corp 7.375% Sr Notes due 5/23/2048 370442BQ7 $425,000,000.00 12/7/1995
5/23/2003
GM Corp 8.375% Sr Debs due 7/15/2033 370442BT1 $3,000,000,000.00 12/7/1995
7/3/2003
GM Corp 6.250% Series C Conv Sr Debs 370442717 $4,300,000,000.00 12/7/1995
7/2/2003
GM Corp 8.25% Sr Debs due 7/15/2023 370442BW4 $1,250,000,000.00 12/7/1995
7/3/2003
GM Corp 7.125% Sr Notes due 7/15/2013 370442BS3 $1,000,000,000.00 12/7/1995
7/3/2003
GM Corp 7.50% Sr Notes due 7/1/2044 370442121 $720,000,000.00 12/7/1995
6/30/2004
GM Corp 1.50% Series D Conv Sr Debs 370442691 $1,500,000,000.00 12/7/1995
5/31/2007
.GM creditors may recover some lost funds
May is the word to watch.
Obama can not stand the truth
RALEIGH, N.C. (AP) â€" Army officials plan to prevent media from covering Sarah Palin's appearance at Fort Bragg on Monday, saying they fear the event will turn into political grandstanding against President Barack Obama.
Health Care Reform & Government
These are the same people that want to manage our health insurance!!!!! I THINK NOT
The government's pension insurer said today its deficit climbed to $21.1 billion -- $10.4 billion more than last year's record
Will GM Spend Taxpayer Bailout Money on Overseas Operations?
However, a government watchdog group recently warned that it was "unlikely" that American taxpayers would receive a full return on their investment in GM.
GM will screw you anyway they can.
The move from Detroit is just a start. They are packing for their trip to new headquarters somewhere out of the USA if they are still in business by the end of 2012.
That should be
According to this repayment schedule, GM would pay slightly over $1 billion in interest on its U.S. loans
This should make taxpayers very happy that there will be $1B in interest while we lose over $25B. They must think all taxpayers are stupid.
Rattner said taxpayers have probably lost about $25 billion.
Traditional Bankruptcy For GM And Chrysler
and003 says
McCain believes that Chrysler and GM should have gone through a traditional bankruptcy
McCain is right on this. If GM had gone through a traditional bankruptcy thousands of people would not have been screwed out of ( some but not all) their money. GM would come out of bankruptcy and these same people would still by GM products.
Now most of them won't and GM will either be out of business or moved out of the USA.
I myself was a loyal GM customer but never again. I just bought my second Ford Expedition.
GM loses $1.15B in Q3
Ford made a profit even while being in a lot of debt.
GM still lost $1.5B even after screwing everyone out of their money and stealing money from the taxpayers..
Good management makes a profit
Bad management fails--so long GM
GM loses $1.15B in Q3
DENVER
You are so right GM and Obama think we are all a bunch of dummies. Screwed all the people they did and then tell them we are starting to pay you back. They lost $1.5B so where are they getting the money. Answer taxpayers bailout money. This would be the same as me going to the bank and borrowing $5000.00 and putting $2000.00 aside to make payments with. After I make a couple of good payments I look like I am a good credit risk so now I can asked for more.
GM TO USE TAXPAYERS MONEY TO REPAY
GM has a new theme song: AND NOW THE END IS NEAR AND SO WE FACE THE FINAL CURTAIN. WE SCREWED EACH AND EVRYONE WE COULD WHO GOT IN MY WAY. BUT WITH OBAMA WE SCREWED THEM OUR WAY.
GM TO USE TAXPAYERS MONEY TO REPAY
GM has a new theme song: AND NOW THE END IS NEAR AND SO I FACE THE FINAL CURTAIN. WE SCREWED EACH AND EVRYONE WE COULD WHO GOT IN MY WAY. BUT WITH OBAMA WE SCREWED THEM OUR WAY.
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