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General Motors Spending...

Re: they say MJ's money spending is irresponsible..

AW they think MJ's bad...they ought to get a load of my credit card bills...lol!!
 
Re: they say MJ's money spending is irresponsible..

Changed title so people can see what it's actually about.
 
vncwilliam said:
here is what happens when a company does anything it can to keep money. including, not spending it on employees. they break the economy and depress a city, and go bankrupt. of course, they're putting a 'positive' spin on it. the fact is, Michael's still afloat.

this is the tragedy of General Motors.

http://news.yahoo.com/s/ap/20090601/ap_on_bi_ge/us_automakers
Click to expand...

Grrr..don't even get me started about the American Auto Makers...

A Tragedy...? I think not..!

It's called mismanagement of funds, "SPOILED" fat cats in upper, middle, assembly line workers...

I personally know quite a few people that work at GM, Ford plants, dealerships in this area and hear, see some of the absolutely ridiculous things that have been going on for years...its no wonder the numbers have been decreasing, and GM, Chrysler are in Bankrupcy...

It's more like Pathetic..!
 
Sdeidjs said:
Grrr..don't even get me started about the American Auto Makers...

A Tragedy...? I think not..!

It's called mismanagement of funds, "SPOILED" fat cats in upper, middle, assembly line workers...

I personally know quite a few people that work at GM, Ford plants, dealerships in this area and hear, see some of the absolutely ridiculous things that have been going on for years...its no wonder the numbers have been decreasing, and GM, Chrysler are in Bankrupcy...

It's more like Pathetic..!
Click to expand...

yep. that's what i mean. spoiled fatcats who want to sit on the money. not share it with employees or help the little guy. for that matter, they are not willing to spend it for new ideas, or mining little guys who might have good ideas to improve the company. that's why i say overspending is not the crime. underspending is the crime. and now, the fatcats have squeezed the money so tightly between their fingers, it has slipped away. the nature to spend, got ahold of em at the wrong time, cus of their selfishness, and then they used the money to make themselves fat. and the company crumbled around them. and now, it has come back to them, and they are worse than the homeless, begging for handouts. the homeless were out on the street in the first place. what's the fatcats' excuse?

Michael, on the other hand, does overspend. and it's a good thing. he ventures with people. he sees value in stuff and buys it. he helps merchants. and now, the investments come back to him, manifold. and he and everybody around him are happy and reeling it in, successfully.
 
vncwilliam said:
yep. that's what i mean. spoiled fatcats who want to sit on the money. not share it with employees or help the little guy. for that matter, they are not willing to spend it for new ideas, or mining little guys who might have good ideas to improve the company. that's why i say overspending is not the crime. underspending is the crime. and now, the fatcats have squeezed the money so tightly between their fingers, it has slipped away. the nature to spend, got ahold of em at the wrong time, cus of their selfishness, and then they used the money to make themselves fat. and the company crumbled around them. and now, it has come back to them, and they are worse than the homeless, begging for handouts. the homeless were out on the street in the first place. what's the fatcats' excuse?

Michael, on the other hand, does overspend. and it's a good thing. he ventures with people. he sees value in stuff and buys it. he helps merchants. and now, the investments come back to him, manifold. and he and everybody around him are happy and reeling it in, successfully.
Click to expand...

I see what your saying...however...the assembly workers are just as guilty as the fat cats...It is truly amazing how much US autoworkers make, with their benefits, 401 K matches, vacation benefits, retirement packages etc. ect. ect.

It's like they have been taking their employment foregranted, and thought they were indispensable...
 
Sdeidjs said:
I see what your saying...however...the assembly workers are just as guilty as the fat cats...It is truly amazing how much US autoworkers make, with their benefits, 401 K matches, vacation benefits, retirement packages etc. ect. ect.

It's like they have been taking their employment foregranted, and thought they were indispensable...
Click to expand...


yeah. that's true too.

i guess the gist of this thread is to compare people who gorge to Michael who spends, and show that spending makes money. doesn't cause u to lose it.

definitely, greed is not good. making moves that are an act as if u are indispensable is not good either. making investments shows that u are looking out for ur future. MJ is willing to do it. the people at these plants were not.

some people don't realize that saving money is hard. so making investments assures u that money will always be coming in. cus u never know when a rainy day might come, and u have to spend some of the money you think u were able to save.
 
UNITED STATES BANKRUPTCY COURT
Southern District of New York
Honorable Stuart M. Bernstein, Chief Judge Vito Genna, Clerk of Court
What’s NEW​
​
​
​
Announcement
All documents in the General Motors Corporation bankruptcy case should be filed and viewed on http://ecf.nysb-mega.uscourts.gov/.

The lead case is: In re General Motors Corporation, 09-50026; parties filing documents (e.g., notices of appearance) should do so in the lead case only.

Additional case and claims filing information can be found on the General Motors page. Petitions:09-50026 General Motors Corporation
09-50027 Saturn, LLC
09-50028 Saturn Distribution Corporation
09-13558 Chevrolet-Saturn of Harlem, Inc.

Announcement
The United States Bankruptcy Court for the Southern District of New York is pleased to announce a pilot project to make digital audio recordings of court proceedings relating to Chrysler LLC, 09-50002, publicly available online. The audio files are accessible through the Public Access to Court Electronic Records (PACER) system. Registration for PACER access may be obtained at www.pacer.psc.uscourts.gov
Please remember that these digital recordings are copies of court proceedings and are provided as a convenience to the public at the cost of $0.08 per audio file. In accordance with 28 U.S.C. § 753 (b) "no transcripts of the proceedings of the court shall be considered as official except those made from the records certified by the reporter or other individual designated to produce the record." A list of approved transcription companies can be found on the court's website.
Announcement
All documents in the Chrysler bankruptcy case should be filed and viewed on http://ecf.nysb-mega.uscourts.gov/.

The lead case is: In re Chrysler LLC, 09-50002; parties filing documents (e.g., notices of appearance) should do so in the lead case only.

Additional case and claims filing information can be found on the Chrysler page. Petitions:09-50000 Chrysler Realty Company LLC
09-50001 Peapod Mobility LLC
09-50002 Chrysler LLC
09-50003 Chrysler Aviation Inc.
09-50004 Chrysler Dutch Holding LLC
09-50005 Chrysler Dutch Investment LLC
09-50006 Chrysler Dutch Operating Group LLC
09-50007 Chrysler Institute of Engineering
09-50008 Chrysler International Corporation
09-50009 Chrysler International Limited, L.L.C.
09-50010 Chrysler International Services, S.A.
09-50011 Chrysler Motors LLC
09-50012 Chrysler Service Contracts Florida, Inc.
09-50013 Chrysler Service Contracts Inc.
09-50014 Chrysler Technologies Middle East Ltd.
09-50015 Chrysler Transport Inc.
09-50016 Chrysler Vans LLC
09-50017 DCC 929, Inc.
09-50018 Dealer Capital, Inc.
09-50019 Global Electric Motorcars, LLC
09-50020 NEV Mobile Service, LLC
09-50021 NEV Service, LLC
09-50022 TPF Asset, LLC
09-50023 TPF Note, LLC
09-50024 Utility Assets LLC


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Judicial
Misconduct



[document.write("Last updated on " + document.lastModified) Last updated on 06/01/2009 10:04:53]
 
the government said in that first article that they won't interfere in routine operations. but u know that ain't true. in the very next paragraph they say they will take a big stake. and the President just ordered the firing of some execs there. and the government is appointing people to run the company now. on the board of directors. u know if the governement has to bail you out, they are going to run the show. and now, i just heard that the dow booted gm off from the dow. there is no positive spin to this, as the government would like you to believe. gm is now a smaller company, who the government actually ordered to sell LESS cars. plants are being shut down, they are selling their Hummer division, which really was the coolest division they came up with. many people are being laid off. for good.
 
vncwilliam said:
the government said in that first article that they won't interfere in routine operations. but u know that ain't true. in the very next paragraph they say they will take a big stake. and the President just ordered the firing of some execs there. and the government is appointing people to run the company now. on the board of directors. u know if the governement has to bail you out, they are going to run the show. and now, i just heard that the dow booted gm off from the dow. there is no positive spin to this, as the government would like you to believe. gm is now a smaller company, who the government actually ordered to sell LESS cars. plants are being shut down, they are selling their Hummer division, which really was the coolest division they came up with. many people are being laid off. for good.
Click to expand...

If your interested...Check This Out:

[PDF]Amendments to Federal Rules of Bankruptcy Procedure

Mar 26, 2009 ... That the foregoing amendments to the Federal Rules of Bankruptcy ..... publicly traded note, bond, or debenture has been ...
www.supremecourtus.gov/orders/courtorders/frbk09.pdf
 
another realization of the ongoing trend. gm and others love to sell used cars. another way of making money without spending money. they don't care if they sell a death trap, if it will save them money.

and they use politically correct terms like certified pre owned. or..'like new'. lol..geez
 
vncwilliam said:
another realization of the ongoing trend. gm and others love to sell used cars. another way of making money without spending money. they don't care if they sell a death trap, if it will save them money.

and they use politically correct terms like certified pre owned. or..'like new'. lol..geez
Click to expand...

Dear V,
Studying the laws and guidelines of the United States, although they are not perfect, many things are unfair, unjust, and totally unacceptable...

However, Two of my Law Professors once told me...its the best Government we got.If it were not people like us to help change things that are unacceptable, we would not have come as far as we have.

Therefore, the moral of this story...
"It is up to the current and future generations to continue to move forward and strive for that excellence that each and every human being truly deserves..!"

:angel:Knowledge IS Growth
 
Moonwalker.Fan said:
There was a rumour that Michael had some shares in GM or other car company..., is that right?
Click to expand...

i don't know if that's true or not. but it wouldn't hurt MJ if he did. it's still better to invest and miss, than not to invest at all. you'll still be successful, because the practice works for you, eventually, in the long run. all the truly wealthy have invested in stuff that didn't pan out. but they never went bankrupt. they only increased their value, because they kept up the practice. there are always more successes than failures in investing.
 


Available Online: Recordings of GM Bankruptcy Case Hearings
[SIZE=-2]Tue, 02 Jun 2009 16:09:00 -0500[/SIZE]
The U.S. Bankruptcy Court in the Southern District of New York will make audio recordings of courtroom proceedings in the General Motors Corporation bankruptcy case available online, through the federal judiciary's Public Access to Court Electronic Records (PACER) system. Details Digital Audio Pilot


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:angel:
 
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