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Beemaster's International Beekeeping Forums > MEMBER & GUEST INTERACTION SECTION > THE COFFEE HOUSE ((( SOCIAL - ROOM ))) > Why is this acceptable?

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Author Topic: Why is this acceptable?  (Read 702 times)
buzzbee
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« on: June 09, 2010, 06:48:18 PM »
http://money.cnn.com/2009/05/05/news/companies/chrysler_loans/
If this was a "loan" I don't think partial repayment is acceptable if profits are being posted and dividends paid.Isn't this the kind of shenanigans that collapsed the mortgage industry to start with?  dang folks,this is our money their giving away. Shouldn't i at least receive a check for a large discount for the cars I'm investing in?
Oh well,guess it makes the unions happy.They won't be forced to do with a little less. always better that the taxpayer does with less I guess.
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kathyp
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« Reply #1 on: June 09, 2010, 06:56:47 PM »
you have to pay dividends.  if you don't pay the investors, they don't invest.  beyond that, the company should make it's first priority after expenses, to repay the American people for the money that was "loaned" to them.
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"What has destroyed liberty and the rights of man in every
government which has ever existed under the sun?  The generalizing
and concentrating all cares and powers into one body, no matter
whether of the autocrats of Russia or France, or of the
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Cabell, 1816.
buzzbee
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« Reply #2 on: June 09, 2010, 07:43:38 PM »
I understand dividends are to be paid to encourage investors,but why should the taxpayers only be repaid a percentage of the loan.that loan was an investment in the company too.And it was an investment I would not have chosen to make.
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kathyp
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« Reply #3 on: June 09, 2010, 08:00:31 PM »
they shouldn't.  are you surprised not to get your money back?
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"What has destroyed liberty and the rights of man in every
government which has ever existed under the sun?  The generalizing
and concentrating all cares and powers into one body, no matter
whether of the autocrats of Russia or France, or of the
aristocrats of a Venetian Senate." --Thomas Jefferson to Joseph C.
Cabell, 1816.
buzzbee
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« Reply #4 on: June 09, 2010, 08:02:03 PM »
Nope rolleyes
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iddee
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« Reply #5 on: June 09, 2010, 08:39:57 PM »
BUT, BUT, BUT, Just look at the GREAT sex life the taxpayer is getting from it...  evil

Except for not getting kissed.
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"Listen to the mustn'ts, child. Listen to the don'ts. Listen to the shouldn'ts, the impossibles, the won'ts. Listen to the never haves, then listen close to me . . . Anything can happen, child. Anything can be"

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« Reply #6 on: June 10, 2010, 09:50:04 AM »
Quote from: buzzbee on June 09, 2010, 06:48:18 PM

If this was a "loan"

loan ?  that's funny.  i doubt this was ever expected to be repaid.   just another union payoff.
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buzzbee
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« Reply #7 on: June 10, 2010, 07:14:33 PM »
Quote from: kathyp on June 09, 2010, 08:00:31 PM
they shouldn't.  are you surprised not to get your money back?
I only got to give them money. if they repaid,I doubt I would have gotten it back.
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