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A Saudi group buying a large portion of GM


wack

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Posted

Is GM going to be bought and controlled by the Saudis.Our largest company in the USA sold to a country that on one hand wants our money and protection but would sooner have nothing to do with us if it could.

Posted

This would be a sad situation. Come to think of it why do you guys in the US buy oil from them when you could be getting it from us in Canada. I know why...the refining costs are cheaper on mid east oil, (sweat crude). I believe western countries, Canada included, need to be rethinking trade with these countries. To me they are so hipocritical hiding behind their religion and then hijacking airplanes.

Posted

Just an assumption, could this fall under the guise of Urban Legend?

 

If the US govt bailed out Chrysler when it was on the brink, would that same govt allow an even larger firm (one that has real strong stake in military items) to become controlled by a foreign nation, and one that may not be as friendly to the US on any given day?

Posted

I really do not think this is true.

1.You would have heard about it on the news

2. The government would be investigating

 

We'll see...but i doubt it...

Posted

:idontgetit:  I doubt any one group could buy controlling interest in GM.  GM's one of the largest corporations in the world and it would be virtually impossible given GM's current financial status to buy up enough of their assets to gain control.  

 

Not to mention the fact that GM has alot of US Government and national defense contracts which means the Federal Gov't would have to approve a change in controlling interest to an offshore group, and given the fact that we are at war and in a military rebuilding phase-that approval ain't gonna happen.  Not to mention that handing control of GM, which makes up a large portion of our economy, to a muslim/arab group would not be in our nation's best interest at all!

 

I say it's a myth.  If GM was in trouble at this point, I think we'd be seeing the Gov't bailing them out just like they did Chrysler and the airlines.

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