Economy - Taxpayers lose $10 Billion in sale of GM shares

[arce1988]

http://money.cnn.com/2013/12/09/news/companies/gm-bailout-stock-sale/index.html?hpt=hp_t3



The Treasury Department has sold its final stake in General Motors, closing the book on its 2009 bailout of the auto industry. GM has been revived and is now profitable, but taxpayers are out more than $10 billion dollars.

Treasury Secretary Jack Lew announced the final stock sale late Monday afternoon, saying that Treasury ultimately recouped $39 billion through the sale of shares, dividends and loan repayments since 2009. But the government pumped $49.5 billion into GM to help it get through a bankruptcy reorganization.













what do you all think about this? ^

[_aj_]

UAW payoff for the millions they poured into Obama's campaign </thread>

[Mr Nobody]

http://money.cnn.com/2013/12/09/news/companies/gm-bailout-stock-sale/index.html?hpt=hp_t3



The Treasury Department has sold its final stake in General Motors, closing the book on its 2009 bailout of the auto industry. GM has been revived and is now profitable, but taxpayers are out more than $10 billion dollars.

Treasury Secretary Jack Lew announced the final stock sale late Monday afternoon, saying that Treasury ultimately recouped $39 billion through the sale of shares, dividends and loan repayments since 2009. But the government pumped $49.5 billion into GM to help it get through a bankruptcy reorganization.













what do you all think about this? ^

I heard chilli dogging was paying big this year.

[HockeyFightFan]

UAW payoff for the millions they poured into Obama's campaign </thread>

+1

Only ever became Government Motors to save the union pensions with taxpayer money

[DroppingPlates]

I think one should worry about more important things.

[Pray_4_War]

UAW payoff for the millions they poured into Obama's campaign </thread>

Period.

[arce1988]

 What do you think Coach?

[DroppingPlates]

What do you think Coach?

Coach is only worrying about money and Obama, 'poor' man...

[gmflex]

Sometimes unions can be a diease

[temple_of_dis]

http://money.cnn.com/2013/12/09/news/companies/gm-bailout-stock-sale/index.html?hpt=hp_t3



The Treasury Department has sold its final stake in General Motors, closing the book on its 2009 bailout of the auto industry. GM has been revived and is now profitable, but taxpayers are out more than $10 billion dollars.

Treasury Secretary Jack Lew announced the final stock sale late Monday afternoon, saying that Treasury ultimately recouped $39 billion through the sale of shares, dividends and loan repayments since 2009. But the government pumped $49.5 billion into GM to help it get through a bankruptcy reorganization.













what do you all think about this? ^

anger

seems no limit to government bs, liek mafia givign thier friends $

[SCRUBS]

Should have let them go under.

[temple_of_dis]

Why doesn't the government keep GM?

Give job helping make cars instead of unemployment.

Take all public school money, and spend on car engineering think tank instead, at national level.

Re open old plants and mass produce huge cheap houses with the labor of all the people on disability and welfare now.

No more welfare check, but lots or jobs helping to make houses and cars.

[SCRUBS]

Good idea Temp, however, a lot of those on welfare will complain that it would be slavery to work for their check.