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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (690786)1/1/2013 12:03:49 PM
From: jlallen4 Recommendations  Read Replies (1) of 1577193
 

Thanks Odumbo!!!!! Incompetent moron....

Taxpayers Lose Billions on GM Bailout
from Crony Chronicles by Sam Patterson

Craig Eyermann at MyGovCost writes about the recent sale of GM stock by the U.S. Treasury:

The U.S. Treasury just concluded the sale of 200 million shares of GM stock back to the company for $27.50 per share. The federal government had acquired the stock for roughly $54 per share back in 2009 when it intervened in GM’s impending bankruptcy. The federal government then has just lost 5.3 billion dollars on just that portion of its “investment”.

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