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Maybe it's not ALL a scam, but there are so many scams the chances even a careful participant in the market is virtually certain to be affected.


Former Coinbase Employee Allegedly Tipped His Brother and Friend Regarding Crypto Assets That Were Going to be Listed on Coinbase Exchanges
You really think insider trading doesn't happen in traditional markets nowadays?

You can always see the price action happen before things are announced officially. Even I knew most of the coinbase listing back when it mattered. People online figure stuff out for example there was strong evidence TSLA would buy BTC just based on corroborating various publicly known data. Just look at OSINT nowadays in Ukraine - same concept

The internet is very powerful. IMO insider trading is impossible to stop so we should have more transparency instead
 

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The publicly traded Coinbase exchange got smoked today.......down 21.08 %, due to a second investigation by the SEC.

The company has lost 84.52 % of it's value since it's IPO.

Cryptocurrencies also suffered big losses.
 

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The company has lost 84.52 % of it's value since it's IPO.
It is value since it is IPO? Or you mean its value since its IPO? Grammar is hard for union workers

I like how you always rush to post losses. Meanwhile everything is up 10x, 100x, 1000x depending how far you zoom out. That's why you're poor and saggy

Insider trading at coinbase is bad but it's ok for Nancy Pelosi cause she's a boomer
 

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The plot thickens........

Tether is involved in the Celsius bankruptcy due to an $840 million loan and then selling their bitcoin collateral, without paying off the loan.

Anyone who removed assets from Celsius within 90 days of the bankruptcy, may have to return them to bankruptcy trustees.

The bankruptcy lawyers and accountants are now investigating the assets that anchor Tether.
 

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Tether is involved in the Celsius bankruptcy due to an $840 million loan and then selling their bitcoin collateral, without paying off the loan.
Never been a fan of Tether. USDC should flip it soon and is basically a de facto CBDC. They can lock illegal funds already

Anyone who removed assets from Celsius within 90 days of the bankruptcy, may have to return them to bankruptcy trustees.

The bankruptcy lawyers and accountants are now investigating the assets that anchor Tether.
Good luck with that sags. Anyone who think this must be a boomer without the slightest clue

Maybe all the GM workers should pay their pensions back to GM investors while they're at it
 

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The loans were all paid back.

The government got shares in the new company, but unfortunately PM Harper sold them to balance the budget before the 2015 election, but lost anyways.

GM completed all their financial commitments to the hourly pension plan years ago.

Economists agree the government came out a big winner for the loans with the tax revenues generated since then.

The loans also bailed out the Ontario Pension Guarantee Benefit, to which GM had paid decades worth of premiums.

The plan would have had to pay the first $1000 to each pensioner, as it did for Nortel and Sears pensioners.

Originally, the governments balked at the loans, but then they were informed about their liabilities under the pension guarantee and did the loans instead.

The Ontario Pension Guarantee Benefit is still around, but GM no longer pays premiums into it and is not a member.

Nobody just handed billions to GM.
 

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All the cypto crap you kept pumping and promoting as the next best thing, that you claimed was over-collateralized and run by only the smartest and best people, are going bankrupt and being investigated by regulators, and perhaps the police soon. They are all scams and frauds.

I find your judgment somewhat lacking in these matters, given your past posting record.

You either didn't know what you were talking about or were a willing participant and promoter of the schemes.
 

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You either didn't know what you were talking about or were a willing participant and promoter of the schemes.
You're a sad old man. While you mope around waiting for more government handouts reading mainstream media fake news

Meanwhile ethereum is up 80% in the last 2 weeks. Just keep telling yourself that inflation is good for GICs
 

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GM completed all their financial commitments to the hourly pension plan years ago.

Nobody just handed billions to GM.
Sure sure

I guess that's why GM hired the Koreans to make Trailblazer this time. I might see 1 or 2 Trailblazers for ever 1000 Kia, Hyundai, Subaru, Toyota, Tesla

Why would anyone buy a Koreans made GM when they could buy a Kia?
 

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The loans were all paid back.

The government got shares in the new company, but unfortunately PM Harper sold them to balance the budget before the 2015 election, but lost anyways.

Economists agree the government came out a big winner for the loans with the tax revenues generated since then.

Nobody just handed billions to GM.
That isn't true unfortunately.

We lost $3.5 B from the GM and Chrysler bailouts actually. Loans were not repaid in full at all. In fact they were written off as uncollectible in 2018 .
We also lost $800M on the GM stock.

"On May 14, 2018, the Canadian federal government announced it would fall short of breaking even from the bailouts of Chrysler Group LLC and General Motors Co. by $3.5 billion.[19] On June 26, 2018, the remaining undisclosed loan amount was written off.[20] The Fraser Institute estimates the total cost to taxpayers at $3.7 billion that was never repaid.[20]
 

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The government's stake in the automaker was worth more than $3.3 billion Monday, based on a US$36.66 price at the close and an exchange rate of $1.2473. But it's unclear how much the sale will benefit Ottawa's bottom line.

The sell-off comes as the Conservative government searches for ways to live up to its election-year promise to balance its books in 2015-16, a long-running pledge that appeared at risk of remaining unfulfilled amid the negative economic impacts of the global oil slump.


 

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Here I believed sags for once

I think sags just tells himself lies until he believes they're true. Ironic that he's obsessed with bankrupt companies now. Sears, Nortel and GM pensioners are lucky to have anything

We should have at least made part of the deal to not offshore Trailblazers in Korea and China
 

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While U.S. Treasury’s final loss on the bailout is estimated at $13.7 billion including $11.8 billion related to its investment in GM, it avoided the loss of $105.3 billion in unemployment benefit payments and the loss of personal and social insurance tax collections, according to CAR.

In the GM-only scenario, the lost tax collections would have totaled $39.4 billion, according to CAR.

CAR said the study did not take into account the benefits of preserving the pensions of almost 600,000 GM and Chrysler retirees as well as industry research and development jobs. It also did not account for the psychological impact the collapse of GM and Chrysler would have had on the U.S. industrial base.


 

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Should have saved Nortel as tech is critical. Now we get tech from Asia with Chinese spyware built in

Asians and Europeans always made better vehicles anyways. Saving GM was pointless as they just make the vehicles in Korea anyways

Failed companies should just fail and employees should take responsibility for staying on that sinking ship
 

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The auto loans worked out very well for the governments, which are still happily raking in annual tax revenues 14 years later.

GM is a global auto manufacturer. They are already producing the fastest selling EV vehicle in China.

The Trailblazer was a vehicle developed in South Korea for that market before it was redesigned and brought to the US market.

The popular Cruze vehicle started out in Australia market before coming to North America. It was manufactured in Mexico.

The new bill introduced by the Democrats, will offer a $7500 credit for EV vehicles made within the NAFTA zone.

That is a change from the Trump version of the bill, and Canadian production in Ontario will benefit greatly from the change.

The auto supply chains are very complicated and intertwined globally.

Parts and sub-assemblies can cross the US/Canada border 30 times before the final vehicle is built.

Canada has it's hands full finding enough workers for all the assembly plants, including the many skilled trades that are required.

Electronics, engineers, robotic technicians, millwrights, plumbers, electricians, heavy equipment mechanics, accountants, lawyers, nurses, ...etc.etc.

Assembly plants are big places with many thousands of workers.
 

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Canada has it's hands full finding enough workers for all the assembly plants, including the many skilled trades that are required.
Why does Canada have it is hand full? You mean its?

Reality is the Asians just make better vehicles for the price. Same reason the iPhone isn't made in Canada

Bailing out GM was a lost cause besides buying votes
 

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While U.S. Treasury’s final loss on the bailout is estimated at $13.7 billion including $11.8 billion related to its investment in GM, it avoided the loss of $105.3 billion in unemployment benefit payments and the loss of personal and social insurance tax collections, according to CAR.

In the GM-only scenario, the lost tax collections would have totaled $39.4 billion, according to CAR.

CAR said the study did not take into account the benefits of preserving the pensions of almost 600,000 GM and Chrysler retirees as well as industry research and development jobs. It also did not account for the psychological impact the collapse of GM and Chrysler would have had on the U.S. industrial base.


Those arent' 'savings' though. The other car companies would just take over GM's production and take on the jobs lost at GM. You need 14M cars. It doesn't matter which companies provide them. Toyota and Honda make better cars anyway per Consumer reports reliability records. GMs were always substandard at best.
 
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