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Author Topic: Why is this acceptable?  (Read 779 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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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

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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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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville
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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« Reply #6 on: June 10, 2010, 09:50:04 AM »


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 »

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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