Comments on: Grand Theft Auto: How Stevie the Rat bankrupted GM http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/ Greg Palast, reporting for BBC, Harpers and more Fri, 20 Aug 2010 12:16:20 -0400 http://wordpress.org/?v=2.8.5 hourly 1 By: billy joe jim bob http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-2/#comment-68853 billy joe jim bob Fri, 20 Nov 2009 19:02:50 +0000 http://www.gregpalast.com/?p=2515#comment-68853 didn't u.s. union auto worker's vote rank and file for obama? too bad. didn't u.s. union auto worker's vote rank and file for obama? too bad.

]]> By: Peter http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-63131 Peter Thu, 17 Sep 2009 05:50:24 +0000 http://www.gregpalast.com/?p=2515#comment-63131 GregR Palast, why not mention that it's secured lenders being paid off? The blog post seems designed to imply the payoff is for "friends of Rattner vs pension funds" rather than "secured creditors vs unsecured creditors." You missed the point. The pension funds are secured OUTSIDE of the corporate, via legislation. It does not matter whether the banks are secured creditors or not, the fact that the pension schemes are being forced to liquidate cash in "favour"??? of GM stock in order to pay the banks via a complex scheme is the problem. BTW, I am South African, and the perception we have here is that Americans cannot think for themselves, and are ruled by fear rather than reason. Add to this, mainstream media feeds you what they want you to know. There are exceptions, and if you read Palast, you are the exception. Been following Palast for years now, and he is ALWAYS on the button GregR
Palast, why not mention that it's secured lenders being paid off? The blog post seems designed to imply the payoff is for "friends of Rattner vs pension funds" rather than "secured creditors vs unsecured creditors."

You missed the point. The pension funds are secured OUTSIDE of the corporate, via legislation. It does not matter whether the banks are secured creditors or not, the fact that the pension schemes are being forced to liquidate cash in "favour"??? of GM stock in order to pay the banks via a complex scheme is the problem.

BTW, I am South African, and the perception we have here is that Americans cannot think for themselves, and are ruled by fear rather than reason. Add to this, mainstream media feeds you what they want you to know. There are exceptions, and if you read Palast, you are the exception. Been following Palast for years now, and he is ALWAYS on the button

]]> By: Joanna http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-60592 Joanna Wed, 26 Aug 2009 14:42:11 +0000 http://www.gregpalast.com/?p=2515#comment-60592 GM shouldn't retain anymore in the business, things will always get screwed up. GM is already bankrupt, making stuffs get conflicts. GM shouldn't retain anymore in the business, things will always get screwed up. GM is already bankrupt, making stuffs get conflicts.

]]> By: Will http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-58573 Will Mon, 27 Jul 2009 17:23:15 +0000 http://www.gregpalast.com/?p=2515#comment-58573 Great article, lots of passion and insight. Keep up the great work, GP. Great article, lots of passion and insight. Keep up the great work, GP.

]]> By: Carz http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-58496 Carz Sun, 26 Jul 2009 07:13:53 +0000 http://www.gregpalast.com/?p=2515#comment-58496 I think the better solution for this corruption in the auto industry entirely depends on the people working in the government. Let's just hope they don't screw up no longer. I think the better solution for this corruption in the auto industry entirely depends on the people working in the government. Let's just hope they don't screw up no longer.

]]> By: Kathleen http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-58265 Kathleen Wed, 22 Jul 2009 12:39:06 +0000 http://www.gregpalast.com/?p=2515#comment-58265 Please forgive the double post *hugs* Please forgive the double post

*hugs*

]]> By: Kathleen http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-58264 Kathleen Wed, 22 Jul 2009 12:38:37 +0000 http://www.gregpalast.com/?p=2515#comment-58264 The whole point was to destroy manufacturing in the United States, robert chapman predicted GM would go down nearly a year before it did, HOW IS THAT POSSIBLE? because the insiders know the real score, cheap labor and we dont have it here, so the birds are burning their own nest we will be crippled by new taxes that privatize air [carbon taxes] but the countries where all the jobs went china & india will not be, we and the west are to be forced by gunpoint into a green straitjacket government health care will be a nightmare, just this morning a 22 year old man died in the UK needing a transplant, he wasnt on the list 6 months, it was done out of practicality. Do you really trust the government who wont get us out of this war to give you the best in health care? No declaration of war has ever been issued by the congress for goodness sakes!!! We are there because of a UN [global governance] resolution, which apparently we cant say no to!!! our sovereignty or "right to say NO" is GONE this is America WE DONT REDISTRIBUTE WEALTH HERE thats the Communist model, OBAMA IS FOR THE BANKERS the IMF and the World Bank are about to eat us alive! the Vultures are coming here this is the meal they've always wanted Read confessions of an economic hitman, watch Adam Curtis's The Mayfair Set, read Agenda 21, its all in there, they are following a plan, our mayor [mayor daley=chicago] is giving out leases of our infrastructure WE ARE THE THIRD WORLD we DONT MAKE ANYTHING What bush did with a giggle, obama is doing with a Smile, all the money is going into the RUMSFELD TAMIFLU CRAP, and RIOT CONTROL, dont believe me, look it up, Greg Palast cant think for you! DO YOU REALLY THINK Chicago The land of the Dirty Politician produced a non strongarm gentrifying, slumlord cozy...... Read Political Ponerology they dont really care about us! The whole point was to destroy manufacturing in the United States, robert chapman predicted GM would go down nearly a year before it did, HOW IS THAT POSSIBLE? because the insiders know the real score,

cheap labor and we dont have it here, so the birds are burning their own nest we will be crippled by new taxes that privatize air [carbon taxes] but the countries where all the jobs went china & india will not be, we and the west are to be forced by gunpoint into a green straitjacket

government health care will be a nightmare, just this morning a 22 year old man died in the UK needing a transplant, he wasnt on the list 6 months, it was done out of practicality.

Do you really trust the government who wont get us out of this war to give you the best in health care? No declaration of war has ever been issued by the congress for goodness sakes!!! We are there because of a UN [global governance] resolution, which apparently we cant say no to!!! our sovereignty or "right to say NO" is GONE

this is America WE DONT REDISTRIBUTE WEALTH HERE thats the Communist model,

OBAMA IS FOR THE BANKERS the IMF and the World Bank are about to eat us alive! the Vultures are coming here this is the meal they've always wanted

Read confessions of an economic hitman, watch Adam Curtis's The Mayfair Set, read Agenda 21, its all in there, they are following a plan, our mayor [mayor daley=chicago] is giving out leases of our infrastructure

WE ARE THE THIRD WORLD we DONT MAKE ANYTHING
What bush did with a giggle, obama is doing with a Smile,
all the money is going into the RUMSFELD TAMIFLU CRAP, and RIOT CONTROL, dont believe me, look it up, Greg Palast cant think for you!

DO YOU REALLY THINK Chicago The land of the Dirty Politician produced a non strongarm gentrifying, slumlord cozy......

Read Political Ponerology

they dont really care about us!

]]> By: John G http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-58169 John G Tue, 21 Jul 2009 04:20:19 +0000 http://www.gregpalast.com/?p=2515#comment-58169 Greg, you are missing the point. President Obama is setting the bad guys up. He has to give them a lot of rope to hang themselves. He's using a similar game they used to reel in the entire U.S. economy via real estate investments and then he's going to call it in as an illegal action. As you are aware, these banks are part of an international cartel. They aren't merely U.S. merchant banks trying to make a profit. Each sentence he speaks must carry two and three meanings for his varied audience. In this case he is leading the horse to water and making them drink. The lose of jobs is disastrous, but how else to convince the bad guys that he's on their side. He will 'redistribute the wealth' ASAP! Greg, you are missing the point. President Obama is setting the bad guys up. He has to give them a lot of rope to hang themselves. He's using a similar game they used to reel in the entire U.S. economy via real estate investments and then he's going to call it in as an illegal action.

As you are aware, these banks are part of an international cartel. They aren't merely U.S. merchant banks trying to make a profit. Each sentence he speaks must carry two and three meanings for his varied audience. In this case he is leading the horse to water and making them drink.

The lose of jobs is disastrous, but how else to convince the bad guys that he's on their side. He will 'redistribute the wealth' ASAP!

]]> By: Rick @ Mmorgan Dollars for Sale http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-57960 Rick @ Mmorgan Dollars for Sale Fri, 17 Jul 2009 01:56:00 +0000 http://www.gregpalast.com/?p=2515#comment-57960 Thanks for posting, I’ll definitely be subscribing to your blog.

]]> By: Erin Platt http://www.gregpalast.com/grand-theft-auto-how-stevie-the-rat-bankrupted-gm/comment-page-1/#comment-57949 Erin Platt Thu, 16 Jul 2009 21:38:09 +0000 http://www.gregpalast.com/?p=2515#comment-57949 Greg, have I told you lately that I LOVE YOU????? Greg, have I told you lately that I LOVE YOU?????

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