Myths Busted: New GM FAQ

[tgagneguam]

Originally Posted by PhishPhood

...In the end 'money' talks as usual. Money and profits have no morals and no memory. If the ones that took a bath on old GM can make money on the new GM they will.

PhishPhood, your thoughtful posts are much appreciated.

[PhishPhood]

Originally Posted by Hunid Racks

Nothing stopping anybody from selling their original note for less than face.

Nothing stopping anybody from buying at less than face either.

Yep agreed..

Except for giving up the $500,000 in annual income from the notes there was no reason so hold onto the GM bonds as they plummetted. The smart ones, the sharpies, then bought the bonds as they dropped lower and lower. The market.

[Hunid Racks]

Originally Posted by PhishPhood

Yep agreed..

Except for giving up the $500,000 in annual income from the notes there was no reason so hold onto the GM bonds as they plummetted. The smart ones, the sharpies, then bought the bonds as they dropped lower and lower. The market.

Dollar cost averaging.

Problem is there are so many unscrupulous selling agents out there. Some get bonked by Finra but for the hassle, most lie their way out of their actions. They lie to sell, they lie to keep standing. Finra only gets the flagrant. At least at this time.

Other problem is this nation doesn't work with and for corporations to support their bond market. Not like they do the financials.

[1931Chevy]

Welcome to GeMoCo.

[Vintalage]

Myth Busted: Tax payer's money to be returned.

We are not going to see that back. What is not a myth is the outrageous tax hikes coming which will help to wipe out the already pressured middle class all in the sake of retaining Chrysler and GM among other "too big to fail" companies. I am amazed people believe the propaganda. Like the Government; when GM states something will happen as described, the opposite occurs. Have "we the people" not learned our lesson?

I'm curious, who is going to pay back the $39 billion in debt that this new "GM" (Government Motors) is not responsible for? That's just wiped out? Vanished?

I see a lot of hope and ridiculous claims in GM's press release, this FAQ and by many members here. We are in a "recession" and the company expects to turn a profit by 2010? And this community believes that? We are led to believe that our country is in a recovery by the brainwashing media but I see conflicting reports that show continual high number of job losses, increasing bank failures, a declining dollar and talk of a new world reserve currency to replace the dollar. With what I see, I believe the recovery is artificial... the same way GM's alleged profits will be.

What if we begin to see the truth as the effects of our massive bailouts and huge mounting debt reveal that we are in a depressionary state? What will happen when the global economy is in a severe downturn? Will GM turn a profit? Will GM become a public company again? Will we get our money back? Again, artificial and very unrealistic.

Consider this; We have California that is by all means bankrupt issuing IOUs and many other states are soon to follow as they are facing major shortfalls in their budget.

Like everything I see today but am not surprised by, this GM bankruptcy doesn't seem right at all.

[Taglane]

SO glad Lutzimus Prime is back

[PhishPhood]

Originally Posted by Vintalage

Myth Busted: Tax payer's money to be returned.

We are not going to see that back. What is not a myth is the outrageous tax hikes coming which will help to wipe out the already pressured middle class all in the sake of retaining Chrysler and GM among other "too big to fail" companies. I am amazed people believe the propaganda. Like the Government; when GM states something will happen as described, the opposite occurs. Have "we the people" not learned our lesson?

You may have to eat these two paragraphs when GM does offer its IPO and the Feds collect our money back.

I'm curious, who is going to pay back the $39 billion in debt that this new "GM" (Government Motors) is not responsible for? That's just wiped out? Vanished?

You obviously don't understand much about finance and securities. This $39 Billion was 'disappeared' over the last 10 yrs as the market wrote down the value of GM's debt year after year after year. This value leaked away over 10 yrs and lots of gamblers lost little bits over that time at different times.

I see a lot of hope and ridiculous claims in GM's press release, this FAQ and by many members here. We are in a "recession" and the company expects to turn a profit by 2010? And this community believes that? We are led to believe that our country is in a recovery by the brainwashing media but I see conflicting reports that show continual high number of job losses, increasing bank failures, a declining dollar and talk of a new world reserve currency to replace the dollar. With what I see, I believe the recovery is artificial... the same way GM's alleged profits will be.

In this paragraph you simply show that you don't understand anything about accounting. Until you take some courses and study up on Fixed Costs, Variable Costs and SG&A Costs you can't hope to understand anything about this subject. You might as well be writing about brain surgery.

What if we begin to see the truth as the effects of our massive bailouts and huge mounting debt reveal that we are in a depressionary state? What will happen when the global economy is in a severe downturn? Will GM turn a profit? Will GM become a public company again? Will we get our money back? Again, artificial and very unrealistic.

Consider this; We have California that is by all means bankrupt issuing IOUs and many other states are soon to follow as they are facing major shortfalls in their budget.

Like everything I see today but am not surprised by, this GM bankruptcy doesn't seem right at all.

Again it just means that you don't have much understanding about how business is done. You post reflects more a fear of the unknown than any real concerns. Allow others that have more expertise to do their jobs.

[Vintalage]

Originally Posted by PhishPhood

You may have to eat these two paragraphs when GM does offer its IPO and the Feds collect our money back.



You obviously don't understand much about finance and securities. This $39 Billion was 'disappeared' over the last 10 yrs as the market wrote down the value of GM's debt year after year after year. This value leaked away over 10 yrs and lots of gamblers lost little bits over that time at different times.



In this paragraph you simply show that you don't understand anything about accounting. Until you take some courses and study up on Fixed Costs, Variable Costs and SG&A Costs you can't hope to understand anything about this subject. You might as well be writing about brain surgery.




Again it just means that you don't have much understanding about how business is done. You post reflects more a fear of the unknown than any real concerns. Allow others that have more expertise to do their jobs.

I understand everything very well when the government is not involved and corruption isn't there. I also don't have a fear of the unknown because what I know is clear and evident. The facts are there. I simply don't put my faith in our government and these companies because what is said is never what honestly happens.

Here is something I pulled from a Reuters:

GM Chief Financial Officer Ray Young also said the automaker could move faster toward generating positive cash flow and achieving profitability than planned if U.S. auto sales recover in 2010.

"We're forecasting some modest recovery in 2010 in the United States but at this juncture it's hard to predict what will happen in 2010,"

http://www.reuters.com/article/reute...56977320090711

GM's profitability is dependent on the recovery of U.S. auto sales in 2010. If the opposite occurs, I think we are in big trouble.

So we will see what really occurs and what GM and the members here hope to occur in the coming months. Remember, after all of GM's denial reports, many here never thought that GM would be a bankrupt company. Also remember that our own Government denied for months we were in a recession when we really were in a recession.

I'm reading between the lines and using common sense.

As I posted in another thread:

+ YouTube Video

[onod]

I hope the Equinox / Terrain and Camero will help to pull GM out of their slump, but giving the CEO's their bonus back....Big mistake.." We have to pay them so they will stay" ??? Let the "White Collar's" go...Who care's?? They don't build the vehicle's.. WE DO.
They are a waste of money. If it wasn't for all of us working on the "shop floor" they wouldn't have a job anyway's. Let them give back everything and "WE" will make them money.$$$,$$$.$$$.00/+ a year "Bonus".
"Yes" Union.. "No" Management.

[onod]

Originally Posted by onod

I hope the Equinox / Terrain and Camero will help to pull GM out of their slump, but giving the CEO's their bonus back....Big mistake.." We have to pay them so they will stay" ??? Let the "White Collar's" go...Who care's?? They don't build the vehicle's.. WE DO.
They are a waste of money. If it wasn't for all of us working on the "shop floor" they wouldn't have a job anyway's. Let them give back everything and "WE" will make them money.$$$,$$$.$$$.00/+ a year "Bonus".
"Yes" Union.. "No" Management.

Sorry if I shot my mouth off.

[FenwickHockey65]

Holy necropost Batman!

[Uzzy]

Originally Posted by onod

I hope the Equinox / Terrain and Camero will help to pull GM out of their slump, but giving the CEO's their bonus back....Big mistake.." We have to pay them so they will stay" ??? Let the "White Collar's" go...Who care's?? They don't build the vehicle's.. WE DO.
They are a waste of money. If it wasn't for all of us working on the "shop floor" they wouldn't have a job anyway's. Let them give back everything and "WE" will make them money.$$$,$$$.$$$.00/+ a year "Bonus".
"Yes" Union.. "No" Management.

And if it weren't for most of them, you wouldn't have a job. One side cannot exist without the other. You're basically saying "I don't need the front wheels of my car, all they do is steer, but the back ones do all the driving."

OK. Good luck with that.

And it's CAMARO

[AstrosWarrior]

Originally Posted by Vintalage

Myth Busted: Tax payer's money to be returned.

We are not going to see that back. What is not a myth is the outrageous tax hikes coming which will help to wipe out the already pressured middle class all in the sake of retaining Chrysler and GM among other "too big to fail" companies. I am amazed people believe the propaganda. Like the Government; when GM states something will happen as described, the opposite occurs. Have "we the people" not learned our lesson?

I'm curious, who is going to pay back the $39 billion in debt that this new "GM" (Government Motors) is not responsible for? That's just wiped out? Vanished?


I see a lot of hope and ridiculous claims in GM's press release, this FAQ and by many members here. We are in a "recession" and the company expects to turn a profit by 2010? And this community believes that? We are led to believe that our country is in a recovery by the brainwashing media but I see conflicting reports that show continual high number of job losses, increasing bank failures, a declining dollar and talk of a new world reserve currency to replace the dollar. With what I see, I believe the recovery is artificial... the same way GM's alleged profits will be.

What if we begin to see the truth as the effects of our massive bailouts and huge mounting debt reveal that we are in a depressionary state? What will happen when the global economy is in a severe downturn? Will GM turn a profit? Will GM become a public company again? Will we get our money back? Again, artificial and very unrealistic.


Consider this; We have California that is by all means bankrupt issuing IOUs and many other states are soon to follow as they are facing major shortfalls in their budget.


Like everything I see today but am not surprised by, this GM bankruptcy doesn't seem right at all.

Did you read this thread prior to your comment? Lots of your aurguments were already addressed but I can't resist adding my own personal example...

August sales records were higher than anyone predicted & dealer inventories are low right now. Even if the sales were "artificial" the excessive inventories were depleated. The additional time that GM shut down the plants this summer reduced supply in general and the subsidized car sales further reduced dealer inventories. Do you see where I'm going with this, there will always be "someone" to buy a new car or truck. It's just a matter of balancing. Consider this fact, four 2009 GMC Canyon Crew Cab mid sized trucks sat on a car lot for over nine months in a semi-small city in a truck loving state. Then in August, they all sold. The dealer won't order quite as many Canyons next year because he's not going to base his sales forecast on the super month but now he will at least order one, now that he's sold out. Supply and demand, my country works.

Originally Posted by PhishPhood

You may have to eat these two paragraphs when GM does offer its IPO and the Feds collect our money back.



You obviously don't understand much about finance and securities. This $39 Billion was 'disappeared' over the last 10 yrs as the market wrote down the value of GM's debt year after year after year. This value leaked away over 10 yrs and lots of gamblers lost little bits over that time at different times.



In this paragraph you simply show that you don't understand anything about accounting. Until you take some courses and study up on Fixed Costs, Variable Costs and SG&A Costs you can't hope to understand anything about this subject. You might as well be writing about brain surgery.




Again it just means that you don't have much understanding about how business is done. You post reflects more a fear of the unknown than any real concerns. Allow others that have more expertise to do their jobs.

+1

Originally Posted by Uzzy

And if it weren't for most of them, you wouldn't have a job. One side cannot exist without the other. You're basically saying "I don't need the front wheels of my car, all they do is steer, but the back ones do all the driving."

OK. Good luck with that.

And it's CAMARO

I'm "blue collar" through and through, former enlisted. I like turning wrenches for fun. I know every team needs a good coach and I know that a world series dynasty isn't built in a single season, or as the other guy said we need all the wheels on the car to go down the road. This is really for all the nay sayers... Get a positive mental attitude about this country, remeber commanding officer tours are all short and the only easy day was yesterday.