12-04-2008, 06:53 PM
Dakota wrote:
[quote=lafinfil]
Please please help me here -
How does giving out stock certificates to individuals bail out the auto industry ?
This is the "idea" that I took away from your post.
Did read it correctly ? If so please explain how it works for those of us that are a little slow.
I'm open to an idea that will work.
This is a simple minded answer. Ask GM to issue new stocks which the government buys in exchange of the funds. If this is truly "people's" investment and not a piggy back for the congress, mail them out to taxpayers. They know where we live. What is so hard about that? And Gutenberg, it is not three shares. 25 billion buys 55 GM shares per taxpayer, and they don't have to sell them for three cents. Isn't it your argument that they will be worth many folds more? How many sides of the argument can you be at the same time?
Do you insult people like this in real life, too?