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Obama Success! GM Causes Another $35 BILLION Bailout Loss to Taxpayers!

 
Zombie First Reponder
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User ID: 19064201
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07/03/2012 03:04 PM
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Obama Success! GM Causes Another $35 BILLION Bailout Loss to Taxpayers!
[link to news.investors.com]


Government Motors: As GM shares near record low, taxpayer loss on bailout rises to $35 billion

General Motors(GM) shares fell to a fresh 2012 closing low of 19.57 on Monday. The stock hit 19 in mid-December, the lowest since the auto giant came public at $33 in November 2010 following its June 2009 bankruptcy.

Normally you might say, tough luck investors. But this is Government Motors. The Treasury still owns 26.5% of GM, or 500 million shares. Taxpayers are still out $26.4 billion in direct aid. Shares would have to hit $53 for the government to break even.

ohappy
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Anonymous Coward
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07/03/2012 03:12 PM
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Re: Obama Success! GM Causes Another $35 BILLION Bailout Loss to Taxpayers!
Right on OP! Who is the uneducated piece of shit that gave this thread a 1 star? Some people just dont get it!
Anonymous Coward
User ID: 3242089
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07/04/2012 09:25 AM
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Re: Obama Success! GM Causes Another $35 BILLION Bailout Loss to Taxpayers!
Right on OP! Who is the uneducated piece of shit that gave this thread a 1 star? Some people just dont get it!
 Quoting: Anonymous Coward 1313288


It's some DNC operative upset that their Fuhrer is fucking up yet again.

jerkit

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