SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (566944)5/18/2010 11:02:32 AM
From: i-node  Read Replies (2) | Respond to of 1579842
 
>> Treasury takes $1.6 billion loss on Chrysler loan

This haircut is NOTHING compared with what we [taxpayers] are going to take on GM. It is going to take one hell of a slick sales job to get people to buy GM's shares from the government.



To: jlallen who wrote (566944)5/18/2010 7:17:52 PM
From: tejek  Respond to of 1579842
 
Treasury takes $1.6 billion loss on Chrysler loan

WASHINGTON (AP) -- The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009. Taxpayer losses from bailing out Chrysler and General Motors are expected to rise as high as $34 billion, congressional auditors have said....

It really depends on what happens when Chrysler does its IPO in 2011. The gov't has a 10% stake. No one knows yet how much it will get for that stake.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News