PatekPhilippe
Senior Member
The bailout will not give the government any more influence over the company than any other creditor. The government has no voice in the running of the company.Yes, you are correct. The government did receive temporary partial ownership as a part of the reorganization, however the form of ownership is preferred stock which has no voting rights and thus has no voice in how the business is run. It therefore has not been nationalized.
Ya....Obama isn't doing a thing to the company the government doesn't own or control....got any more bullshit to post? Please feel free.
U.S. Plans Key Role In Naming GM Board - washingtonpost.com
Feel free to post facts instead of fiction at any time. Thanks for playing.