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Subject General Motors Is Headed For Bankruptcy -- Again -BofA going down. Looks like Obama bail-out plan was fail for many corps. See recipient list

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[quote:Anonymous Coward 21291600:MV8xOTk1MTY1XzMzNTI4NDY1XzM1RTVCN0NF]
[quote:Anonymous Coward 1695255:MV8xOTk1MTY1XzMzNTI4Mzg5X0E3OUZDMEVF]
[quote:Salt:MV8xOTk1MTY1XzMzNTI4MjY5XzM4REU4NzU3]
[quote:Anonymous Coward 1169:MV8xOTk1MTY1XzMzNTI4MTM2X0Q3NTBEMERB]
Yeah we should have let GM go under so we'd have MILLIONS yes MILLIONS more unemployed...

Then you fuck heads would have said "OMG why didn't Obama do something" lmao...
[/quote]

[b]Number of Employees breakdown for GM both full and part time[/b]
Number of Employees shows total number of permanent full time and part time employees working for a given company and processed through its payroll.

GM
	
Number of Employees
	=	
Full Time + Part Time = 	210 K

http://www.macroaxis.com/invest/ratio/GM--Number_of_Employees
[/quote]

It's not just Gm employees that suffer if they fail.  All the companies that supply items for production, the car dealers that sell only GM, the local area town business that the GM workers go to, those businesses suppliers, etc etc etc.  It would have a domino effect that will reach far further than just the 210K GM company employees.  Not saying I agree with another bailout or anything.
[/quote]

[b]List of top GM suppliers (foreign suppliers in red):[/b]

[color=red]·  Acumuladores Moura
Brazil    	1[/color]

·  ADAC Plastics DBA ADAC Automotive 	
US 	2

[color=red]·  AP Plasman Corporation 	
Canada 	3

·  Asia Co., Ltd. 	
South Korea  	3

·  Auma S.A. de C.V 	
Mexico 	7[/color]

·  Autoline Industries USA 	
US  	1

[color=red]·  BASF SE 	
Germany 	6

·  Bend All Automotive Inc 	
Canada 	4[/color]

·  Bose Corporation 	
US 	3

[color=red]·  Central Corporation 	
South Korea 	1[/color]

·  Chemico Mays, LLC. / Chemico Systems, Inc. 	
US 	1

·  Clark-Cutler-McDermott Company (CCM)   	
US 	1

·  Compuware  	
US 	3

[color=red]·  Cosma International     	
Canada 	6

·  Daedong System 	
South Korea 	2

·  Daewon Kang Up 	
South Korea 	4

·  Denso Corporation   	
Japan  	17[/color]

·  Detroit Technologies Inc.   	
US 	3

·  DLH Industries   	
US 	3

[color=red]·  Dongwon-Tech Co., Ltd.    	
South Korea 	2[/color]

·  Dynamic Manufacturing Co.  	
US 	11
[color=red]
·  ECM (Vehicle Delivery Service) Ltd.   	
UK  	2[/color]

·  EMC   	
US  	6

[color=red]·  E-Won Solutech  	
South Korea  	2

·  FANUC LTD   	
Japan 	6[/color]

·  ICAHN ENTERPRISES LP    	
US 	4

·  FedEx Corporation 	
US 	10
[color=red]
·  Fujitsu Ten 	
Japan 	1[/color]

·  GENTEX Corporation 	
US 	14

·  George P. Johnson Company   	
US  	1
[color=red]
·  Cartera Gestamp S.L.  	
Spain 	13
[/color]
·  Grand Traverse Plastics    	
US 	2

[color=red]·  Grimaldi Group 	
Italy  	9

·  Ground Effects Ltd.    	
Canada 	1

·  Guangdong Hongtu Technology Co., Ltd  	
China 	3

·  Hanwha TechM Co., Ltd 	
South Korea 	2

·  Henan THB Electric Co. Ltd.  	
China 	3[/color]

[color=red]·  Hirotec Corporation   	
Japan 	6

·  LEIF HÖEGH & CO.AS 	
Norway 	7[/color]

·  International Automotive Components (IAC) 	
US 	2

·  Johnson Controls  	
US 	4

·  Jones Lang LaSalle 	
US 	3

[color=red]·  Jaeyoung Solutec Co., LTD   	
South Korea 	2

·  Kafus    	
South Korea 	3

·  Kawasaki Kisen Kaisha Ltd. (K-Line) 	
Japan 	4

·  Kirchhoff Automotive GmbH & Co KG 	
Germany  	7

·  Kwang Jin Sang Gong  	
South Korea  	9
[/color]
·  L&W Group 	
US 	3

·  Laird Group PLC 	
US  	5

[color=red]·  LAKESIDE PLASTICS  	
Canada  	1
[/color]
·  Lear Corporation 	
US 	4

[color=red]·  Mando Corporation 	
South Korea 	5

·  Mann+Hummel     	
Germany 	18

·  Mett Pty Ltd      	
Australia 	6

·  Mitsubishi Heavy Industries Climate Control, Inc 	Japan 	6[/color]

[color=red]·  Mitsubishi Electric 	
Japan  	11[/color]

·  Mold Masters Company 	
US 	1

·  MRM Worldwide 	
US 	1

·  MWM International  	
US

[color=red]·  NGK Spark Plug Co., LTD.  	
Japan 	9

·  Nippon Seiki Corporation, Ltd 	
Japan 	3[/color]

[color=red]·  Posco 	
South Korea 	3

·  PST Eletronica SA     	
Brazil   	2

·  Pyeong-Hwa Automotive Co. 	
South Korea  	4[/color]

·  Ryder 	
US   	5

[color=red]·  Saint Jean Industries 	
France 	1[/color]

·  Shape Corp.  	
US 	7

·[color=red]  SL Corporation   	
South Korea 	14

·  Starcom MediaVest Group  	
France 	1

·  SUNDRAM FASTENERS LIMITED 	
India 	6

·  Sungwoo Hitech Co., ltd   	
South Korea 	2

·  TMS Transport- und Montagesysteme Gmbh 	Austria 	1[/color]

·  TV Minority Company 	
US 	7

[color=red]·  Van-Rob 	
Canada 	13

·  Wooshin Systems Co., Ltd 	
South Korea 	6

·  YEONG HWA METAL CO LTD.   	
South Korea 	2[/color]

http://www.reliableplant.com/Read/23368/General-Motors-recognizes-suppliers
[/quote]

Original Message President Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market.

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.

[link to www.forbes.com]

Bank of America Ramps Up Job Cuts

Bank of America Corp. BAC -1.29% is accelerating a broad cost-cutting plan and has set a target of shedding 16,000 jobs by year's end—cuts that would see the company relinquish its title as U.S. banking's largest employer.

[link to online.wsj.com]

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