Tuesday, May 18, 2010

GM Payback

This math reminds me of the good ole days when a client would have one LLC hemorrhaging money, but another LLC that was just squeaking by on profitability. Of course overall his entire business was losing money, but we were supposed to make the loan to the one profitable LLC and ignore his collapsing "business empire."

Ahhhhh, fuzzy accounting.


Anonymous said...

It seems only the government can get away with these sort of lies. Wait a minute, the government owns GM.
It is also a little strange how the main stream media, reported the GM story as authentic.

Anonymous said...

To the previous commenter's truth I can only add that the Main Stream Media, if not yet officially a wholly owned subsidiary of the 'Democratic Party LLC'; has every desire for a non-hostile takeover by it, and will do nothing to irritate their boss.

Subotai Bahadur

DC Handgun Info said...

Any upside to investing in GM now? Could it be a blood-in-the-streets scenario? (BUY) Or maybe I mean blood-in-the-water? (DON'T BUY)

"I have sworn upon the altar of God, ... that I will never buy a car from Government Motors (GM)."
-- with apologies to Thos. Jefferson