Quote:
Originally Posted by directfiesta
wow... how stupid are you ?
So what... it is a legal entity incorporated in another country then USA ... Like any major companies that operated in other countries... GM Canada is a separate entity .. It can go bankrupt today without directly affecting GM ( USA ) or GM France ...
Now, have the guts to show you're real identity, and maybe then we can start even considering your pro-epass post as legit  |
How did you manage to come to this conclusion? There is no way the American government would allow the government of Canada to willingly sit idle and let GM Canada go bankrupt unless
they themselves planned on letting the company collapse.
The Canadian government was not originally interested in owning any part of General Motors. Under pressure from the US government, we acquiesced.
Original GM bailout figures (these seem change depending on the source. They're also continuing to be added to as GM is still receiving taxpayer money - in spite of their feel good TV spots.)
United States: $49.5 billion. $6.7 billion of which was a pure loan. This "pure loan" has been paid back (mostly) which is what GM's asshat CEO refers to in the commercials.
Canada: $1.4 billion as a pure loan, another $8.1 billion for an 11.7 stake in the company. Total? $9.5 billion.
Per capita, the US government would have had to hand GM about $95 billlion to match the "contribution" made by Canadian taxpayers. You think our country acted as a seperate, independant entity in this instance?
No, sir.
And this has nothing to do with Epassporte. So, wtf?