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Author Topic: Why is this acceptable?  (Read 1141 times)

Offline buzzbee

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Why is this acceptable?
« on: June 09, 2010, 07:48:18 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.

Offline kathyp

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Re: Why is this acceptable?
« Reply #1 on: June 09, 2010, 07:56:47 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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Offline buzzbee

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Re: Why is this acceptable?
« Reply #2 on: June 09, 2010, 08:43:38 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.

Offline kathyp

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Re: Why is this acceptable?
« Reply #3 on: June 09, 2010, 09:00:31 PM »
they shouldn't.  are you surprised not to get your money back?
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

Offline buzzbee

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Re: Why is this acceptable?
« Reply #4 on: June 09, 2010, 09:02:03 PM »
Nope :roll:

Offline iddee

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Re: Why is this acceptable?
« Reply #5 on: June 09, 2010, 09:39:57 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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Offline jgaito

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Re: Why is this acceptable?
« Reply #6 on: June 10, 2010, 10:50:04 AM »

If this was a "loan"

loan ?  that's funny.  i doubt this was ever expected to be repaid.   just another union payoff.

Offline buzzbee

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Re: Why is this acceptable?
« Reply #7 on: June 10, 2010, 08:14:33 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.

 

anything