Quote:
Originally Posted by Vendzilla
The unusual bankruptcy settlement for GM granted a significant portion of the company to the United Auto Workers. The union is in this game too, even though it has no investment to recoup. The UAW is selling around 18 million shares, so it stands to gain about $500 million for its pension fund ? at taxpayers? expense
Read more: http://dailycaller.com/2010/11/18/gm...#ixzz15qOBPrzY
Do you wonder what the unions will do with that money in 2012? |
you're a moron.
A) GM is paying back it's loan.
B) keeping GM afloat meant JOBS. That means people no longer collecting unemployment and welfare. And more people contributing to the tax base.
C) when these companies pensions go belly you you do realize that has been a government program around for DECADES that takes over the pensions. At taxpayer expense as you say. I don't see how selling stock is costing tax payers a penny.
Try educating yourself more and hating less. If someone said Obama was baby raper you believe them. Use your fucking brain.