Zombie First Reponder
Offer Upgrade
User ID: 19064201 United States 07/03/2012 03:04 PM Report Abusive Post Report Copyright Violation | 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. |
Anonymous Coward User ID: 1313288 United States 07/03/2012 03:12 PM Report Abusive Post Report Copyright Violation | 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 United States 07/04/2012 09:25 AM Report Abusive Post Report Copyright Violation | 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. |