Jump to content

GM/Government Motors

Recommended Posts

I thought all the Libbies said GM had paid off all their taxpayer loans with interest a while back, if I'm reading this right somebody lied, Dano Bivens for one. Thus far the government/taxpayers have recovered about $29.8 billion of the $49.5 billion dollar bailout, government/taxpayers still own around 270 million shares of GM stock. In order to just break even the remaining shares must be sold at around $72 per share, GM stock closed at $28.37 today.

Link to comment
Share on other sites

We lost 10 billion on GM but we are up 11 billion overall in our investments in US jobs. This is what I want my presidents investing in. Romney and china investments lost. Sorry nutjobs. Obama is commited to US workers.


G.M. Taxpayers lost about $10 billion on their $49.5 billion investment in the Detroit automaker. With the final sale of G.M. stock, this important chapter in our nations history is now closed, Mr. Lew said. In all, taxpayers have ended up in the black on the crisis-related bailouts, Treasury officials said. It has recovered $433 billion from the Troubled Asset Relief Program after initially investing about $422 billion

Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...