This is old news and some no longer applies..

But then your post is the same way.. nothing applies..


In late 2008, Chrysler, Ford and General Motors were mired in crisis. The companies needed immediate cash, or they faced collapse.

President George W. Bush authorized initial loans to Chrysler and GM (Ford declined) before leaving office. Then the problem ended up in the new president’s lap.

The Obama administration extended billions more in loans and led a restructuring of the two companies in which the government took an equity share in GM and Chrysler.

Critics, including Romney, said the auto makers should have gone through the normal bankruptcy process.

"A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs," he wrote in a November 2008 op-ed in the New York Times.

But others pointed out that, with the credit markets frozen and the wider economy in dire straits, the car companies wouldn’t get private financing and would go out of business.

During the process, the United Auto Workers, the union representing car company employees and retirees, made concessions to help the companies stop bleeding. We consulted several sources for an explanation on what each side gave.

In sum, the union eased demands on wages, overtime pay, job security and, most significantly, health benefits. In 2007, the union and car companies had agreed to hand over management of retiree health benefits to a trust fund. The companies agreed to put money in the fund, and the union assumed the uncertainties of rising health care costs and investment fluctuations.

But in 2009, the car companies were on the brink and had no cash to put in the fund. The alternative contribution: company stock.

That’s how an independent health care trust for UAW beneficiaries ended up owning Chrysler and GM stock. As of February 2012, the trust holds a 41.5 percent stake in Chrysler and a 10.3 percent stake in General Motors.

Here’s one important point: The stock is owned by an independent health care trust called the UAW Retiree Medical Benefits Trust, not the UAW itself. (The trust is also often referred to by the acronym VEBA.)

A 2011 letter to its 840,000 beneficiaries said the trust is "a separate entity, independent of the auto companies and the UAW. The trust has its own assets. The assets in the trust are not the property of the auto companies or the UAW. Instead, those assets are held in the trust on behalf of the covered retirees. Those assets can only be used to provide medical benefits to UAW retirees and their families. Neither the UAW nor the auto companies can use those assets for any other purpose."

The letter further explains that the UAW appoints five of the 11 members -- a minority -- to the trust’s board.

This is old news and some no longer applies..

But then your post is the same way.. nothing applies..


In late 2008, Chrysler, Ford and General Motors were mired in crisis. The companies needed immediate cash, or they faced collapse.

President George W. Bush authorized initial loans to Chrysler and GM (Ford declined) before leaving office. Then the problem ended up in the new president’s lap.

The Obama administration extended billions more in loans and led a restructuring of the two companies in which the government took an equity share in GM and Chrysler.

Critics, including Romney, said the auto makers should have gone through the normal bankruptcy process.

"A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs," he wrote in a November 2008 op-ed in the New York Times.

But others pointed out that, with the credit markets frozen and the wider economy in dire straits, the car companies wouldn’t get private financing and would go out of business.

During the process, the United Auto Workers, the union representing car company employees and retirees, made concessions to help the companies stop bleeding. We consulted several sources for an explanation on what each side gave.

In sum, the union eased demands on wages, overtime pay, job security and, most significantly, health benefits. In 2007, the union and car companies had agreed to hand over management of retiree health benefits to a trust fund. The companies agreed to put money in the fund, and the union assumed the uncertainties of rising health care costs and investment fluctuations.

But in 2009, the car companies were on the brink and had no cash to put in the fund. The alternative contribution: company stock.

That’s how an independent health care trust for UAW beneficiaries ended up owning Chrysler and GM stock. As of February 2012, the trust holds a 41.5 percent stake in Chrysler and a 10.3 percent stake in General Motors.

Here’s one important point: The stock is owned by an independent health care trust called the UAW Retiree Medical Benefits Trust, not the UAW itself. (The trust is also often referred to by the acronym VEBA.)

A 2011 letter to its 840,000 beneficiaries said the trust is "a separate entity, independent of the auto companies and the UAW. The trust has its own assets. The assets in the trust are not the property of the auto companies or the UAW. Instead, those assets are held in the trust on behalf of the covered retirees. Those assets can only be used to provide medical benefits to UAW retirees and their families. Neither the UAW nor the auto companies can use those assets for any other purpose."

The letter further explains that the UAW appoints five of the 11 members -- a minority -- to the trust’s board.

================
The greatest H**X in the history, (the Deep State), was created to prevent Trump from getting elected. And if elected, they will impeach him.

In order to continue Obama's policies of t***sforming the US, Hillary was anointed to succeed him. Obama's desires to t***sform the United States under the power of Muslims. At the beginning, he hired 6 Muslim policy advisors during his term. Most of his policies favored Muslims putting back o power.

Hillary was the most favored candidate after she was paid hundreds of millions of dollars by the Arabs, where she promised to allow 550% of Muslims entries into the US every year.

Hillary did not care of our countries destruction, because her greed for money and power rules her life.

E.g. ISIS, called JV Team, was allowed to grow and continue the destructions of Christians.
Empowered ISIS by removing the US Security forces in Iraq. All ammunitions of the US Security Forces were taken by ISIS, including 6000 Humvees, Iraq's oil fields, and banking system.

Hundreds of thousands of Muslim disguised as refugees were accepted into the US, while only 26 Christians were accepted. The rests of them sent back to the Middle East only to be k**led by ISIS.
https://www.commdiginews.com/politics-2/president-barack-obama-middle-east-legacy-death-destruction-104850/

Gee, Mikey,, In two plus years of orange, you made more then you did working.. MMMMM, well good for you..

Perhaps you can point out to me the remarkable change the trump made to the economy which made that possable.

while I do wish that i had not put my portfolio into very low risk widows and orphans funds in 2003, I complement you on your choice..

early retirement, I followed the long established procedure so my stocks only made minor growth.. but did not lose anything which was the purpose of the change.. so only myself to whine at..

Heck, if I had kept active, my se******ns probably would have been the exceptions.. but at times, I do wish I had bought back in..

some people are never happy... I guess..

Darn, very poor post, just would not work.. but look at the end figures of each line.. growth for the year..

Such a sad fact that I missed nearly all of that growth.. `10 years and counting..


2019 25,536.24 23,346.24 26,656.39 22,686.22 25,764.00 10.44%
2018 25,046.86 24,824.01 26,828.39 21,792.20 23,327.46 -5.63%
2017 21,750.20 19,881.76 24,837.51 19,732.40 24,719.22 25.08%
2016 17,927.11 17,148.94 19,974.62 15,660.18 19,762.60 13.42%
2015 17,587.03 17,832.99 18,312.39 15,666.44 17,425.03 -2.23%
2014 16,777.69 16,441.35 18,053.71 15,372.80 17,823.07 7.52%
2013 15,009.52 13,412.55 16,576.66 13,328.85 16,576.66 26.50%
2012 12,966.44 12,397.38 13,610.15 12,101.46 13,104.14 7.26%
2011 11,957.57 11,670.75 12,810.54 10,655.30 12,217.56 5.53%
2010 10,668.58 10,583.96 11,585.38 9,686.48 11,577.51 11.02%
2009 8,885.65 9,034.69 10,548.51 6,547.05 10,428.05 18.82%