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To: SusaninOhio
Could you add the wasted GM bailout that now is reported to be $10 billion loss the taxpayers -

Do you have a link for that info, Susan?

28 posted on 06/05/2013 7:53:05 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: Puppage

$10 billion is a wild underestimate.

http://thehill.com/blogs/on-the-money/banking-financial-institutions/303577-treasury-set-to-unload-general-motors-shares

...In October, the Congressional Budget Office (CBO) estimated that the GM bailout would ultimately carry a price tag of $20 billion, while the Office of Management and Budget (OMB) has estimated the cost will be $25 billion.

Under the Treasury’s plan, the government would sell about half its holdings in GM to the company at $27.50 a share, but the government’s official bailout watchdog had estimated the government would need to sell its GM shares at a price of $53.98 to break even on the rescue...


42 posted on 06/05/2013 8:00:38 AM PDT by jjotto ("Ya could look it up!")
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