Wednesday, April 9, 2014

Take on the $28,000 GM fine

There are some punishments which are meant to be substantive and there
are others which are symbolic but when I saw the headline for the fine
the US government has assed on GM for their lack of cooperation for
the ignition switch thing, I was floored. The total fine of $28,000
is basically the cost of a single car which for an individual driving
in the ticking time bomb might be fine but for a company with
$3.8billion in revenue, that just seems silly. A $28,000 fine is a
rounding error on GM's books and to think that this would encourage
any further cooperation is ludicrous. GM might be willing to take
responsibility on one level but knowing the fine for not cooperating
is less than $30,000 will never lead to any meaningful cooperation

Then again, it's just GM paying the US government from money the US
government gave them, so maybe it's just a complicated money
laundering scheme to pay for arms in the Contra

1 comment:

Mr. R. Lee said...

Thanks for writing about Belle Knox.