Good News!
Filed under: Business BlitzAccording to CNN, U.S. automaker General Motors, which was expected to file for bankruptcy, has reached agreement with some major creditors.
Racing against a restructuring deadline, GM now says major bondholders have accepted a revised deal to swap debt for equity.
Are we on the road to economic recovery yet???
Posted: May 28, 2009 at 10:31 am
what?
GM is a CRAP company who will go bankrupt eventually anyway……b/c the products suck.
Post more on Rob Pattinson please.
Spam your website with his hotness.
Swap debt for equity in what????
Can we please stop beating this dead horse??
Guess who owns 70% of GM stock Perez??? WE DO U HOMO…lololol
Still going to file for bankruptcy and get another 20 billion in government money.
Thankfully, hope something good really happens with this.
OHHH FUUUK!! WHO THE HELL WANTS GM EQUITY? AINT WORTH SHIT. I'M SURE ANY BONDHOLDER WILL SELL THEIR SHARES IN THE NEXT UPTICK MARKET.
YES!
according to the government, we are out of the recession, but they are the ones that got us into the recession, so why should we believe them on that? congress has lied to the american people on EVERYTHING-starting with ms Nancy ,I was never told that torture was being conducted on prisioners, I was told that we might consider torture on prisoners, is waterboarding actually considered torture?, what is waterboarding anyway? My aide never(did) told me about torture taking place, who do you believe, me or the CIA? Pelosi. She outright said the democrats had NOTHING, absolutely NOTHING to do with the recession, even though they made up half of the house and senate, those nasty republicans snuck everything by them (those democrats then, most be some of the dumbests shi** in the world-hey who is that? my bud bernie madoff, one of the best investors in the world, don't know how he does it, but he tripled my money! like he just pulled it out of no where. don't even question him, he is a genius, just give him ALL your money)
Re: xcalibur – obviously the united states and canadian governments -SUCKERS- look for all the G men to be driving pontiacs
OHH PULEEEZ, WE ARE NOT OUT OF A RECESSION. EVER HEAR OF THE THEORY OF EXPECTATIONS? GO CHECK YOUR ECONOMIC BOOKS. JUST CAUSE ONE SAYS YOU ARE DOESNT MEAN YOU ARE. GOVT'S WAY TO MAKE PEPO SPEND MORE.
Don't be silly. On the road to economic recovery? You really think Obama can save us?!?! No one can save us for what's coming! It's going to get A LOT worse before it gets any better. It'll be 5 years before we see anything happen.
dumbass this will not prevent the bankruptcy, this is merely dealing with bondholders…there is a mountain of unsecured debt that will likely be erased and an orchestrated bankruptcy is part of the deal with the bondholders. wtf do y u know about finanace? PIG!
the idea that the recession is ending soon is nothing but propaganda to try and make some of the maneuvering work that has been employed. The gov't knows that as long as people are willing to gamble on the future (keep borrowing) they can keep the slippery slope from collapsing. Our economy is the biggest ponzie scheme ever started. It will topple one day…when who knows…..better be prepared because your visa card won't get you anywhere then.
Who wants to drive a crap GM car anyways?
Re: justtfax – WOW YOU KNOW YOUR STUFF. GOOD FOR YOU .
I STILL DON'T UNDERSTAND,
Does anyone read this site for economic or government insights? Honestly, perez hilton is an uneducated fool so as my "name" says….. STICK TO CELEBRITY NEWS IDIOT!!!!!!!!!!!!!!!!!
GO BANCRUPT BITCHES AND SAVE YOUR ASSES
ITS A FUCKING SHAME THEY DONT GIVE A SHIT ABOUT THE GERMAN WORKERS AT OPEL!
If the GM came with a cute car, simmilar to the mini or to the pino (a Japanese car made by Nissan; cutest car ever), the company could be saved. After all, that's what save Germany after WW 2.
With Obama in charge we will never be on the road to recovery. The Marxist's goal is to destroy us and he's doing a hell of a good job.