Thursday, November 18, 2010

Holger Asks Why #39: UAW




Holger Asks Why . . .



Why is it that the UAW received 17% of the shares in General Motors when the American peoples' taxes bailed that company out, and now that the IPO for new stock in GM is set at $33 per share, the UAW will hold 17% of the shares of GM stock at that $33 price while the American people, whose hard earned dollars were used to save the company, will hold zero shares at $33 per share?

Oh, and why is Barack Hussein Obama continuing to hold majority ownership in GM after the stock sale?




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