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RE: GM Bail-Out? - 12/3/2008 5:36:40 PM
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JMiller
Posts: 12
Joined: 6/9/2005
From: Tampa Bay Fla USA
Status: offline
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Dear Miss Giggles of course they want you to believe they are going
into the poor house how else will they justify continually raising your
taxes. Need I remind you of this end times prophecy?
2 Timothy 3:13 But evil men and seducers shall wax worse and worse, deceiving, and being deceived.
Why do you thing we call it the one world government?
It's because, it's the government that is doing it.
< Message edited by JMiller -- 12/4/2008 10:51:28 AM >
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RE: GM Bail-Out? - 12/3/2008 6:39:26 PM
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relady
Posts: 1219
Joined: 4/11/2005
From: Greater St. Louis Metro
Status: offline
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quote:
For instance why would a bank lend money to The Big 3 if they don't think that the big 3 will be able to pay their money back, or why should the bank lend to the new buisness owner if they don't think the money will return. They shouldn't, but there are businesses who do have good credit and even they aren't getting credit right now. No one is suggesting that banks should lend to risky companies if they don't want to take the risk. But in the case of GM? The government will most likely come to the rescue there, since if they can't get credit to reorganize a Chapter 11 BK would just turn into a Chapter 7 and no one really wants that I don't think. It just negatively affects too many people and businesses down the line if that happens.
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RE: GM Bail-Out? - 12/16/2008 9:17:53 AM
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JMiller
Posts: 12
Joined: 6/9/2005
From: Tampa Bay Fla USA
Status: offline
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Well the automaker bailout failed, a win for the people
but now the president still wants it give them some
money any if he sticks to the final anount of 14 Bn
spoken of I am unsure that I should be for or against
it. At least It's not the original 50 Bn they wanted.
What do think?
http://www.news.com.au/business/story/0,27753,24793684-462,00.html
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RE: GM Bail-Out? - 12/16/2008 9:21:25 AM
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Myztro
Posts: 10
Joined: 7/12/2005
Status: offline
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No matter what happens with the bailout the Government is going to print and throw so much money at this recession that my Grand children's Grand children will still be paying for what is happening right now.
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