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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 709 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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"Nay, it [this constitution of government] must perish, if there be not that vital spirit in the people, which alone can nourish, sustain, and direct all its movements. It is in vain, that statesmen shall form plans of government, in which the beauty and harmony of a republic shall be embodied in visible order, shall be built up on solid substructions, and adorned by every useful ornament, if the inhabitants suffer the silent power of time to dilapidate its walls, or crumble its massy supporters into dust; if the assaults from without are never resisted, and the rottenness and mining from within are never guarded against. Who can preserve the rights and liberties of the people, when they shall be abandoned by themselves? Who shall keep watch in the temple, when the watchmen sleep at their posts? Who shall call upon the people to redeem their possessions, and revive the republic, when their own hands have deliberately and corruptly surrendered them to the oppressor, and have built the prisons, or dug the graves of their own friends?

– Justice Joseph Story, "Commentaries on the Constitution of the United States," Volume II, Chapter XIII: Mode of Passing Laws, Sections 900-901, pp. 364 (1833)
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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"Nay, it [this constitution of government] must perish, if there be not that vital spirit in the people, which alone can nourish, sustain, and direct all its movements. It is in vain, that statesmen shall form plans of government, in which the beauty and harmony of a republic shall be embodied in visible order, shall be built up on solid substructions, and adorned by every useful ornament, if the inhabitants suffer the silent power of time to dilapidate its walls, or crumble its massy supporters into dust; if the assaults from without are never resisted, and the rottenness and mining from within are never guarded against. Who can preserve the rights and liberties of the people, when they shall be abandoned by themselves? Who shall keep watch in the temple, when the watchmen sleep at their posts? Who shall call upon the people to redeem their possessions, and revive the republic, when their own hands have deliberately and corruptly surrendered them to the oppressor, and have built the prisons, or dug the graves of their own friends?

– Justice Joseph Story, "Commentaries on the Constitution of the United States," Volume II, Chapter XIII: Mode of Passing Laws, Sections 900-901, pp. 364 (1833)
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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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