Jack Stein wrote:


The percentage of GM stock stolen by Obama and redistributed to Big
Brother and the Unions is 100%. Any common stockholder that owned GM
common stock lost 100% of it to the government and the unions.

I must have my history confused. Didn't GM go to the government asking for
bailouts? In a private jet, no less? During the Bush administration?

If the government had refused that bailout, how much of the GM common stock
would be lost? 100%.

Creditors end up owning the company after a bankruptcy. Both the union and the
government were major creditors. Nothing was stolen.

I suspect it is going to be a lousy investment for the taxpayers, but that is a
different subject.

-- Doug