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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (756747)12/9/2013 6:59:42 PM
From: RetiredNow  Read Replies (1) of 1574674
 
Tejek,
you told me once that Obama would make the taxpayers a profit on the GM bailout. Looks like, yet again, you were wrong. The free market trumps socialism every single time. This was a shit sandwich for the taxpayer from day 1 to the end of the deal.
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.

money.cnn.com
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