Archive for December 20th, 2012

Taxpayers Lose Billions on GM Bailout


Thursday December 20th, 2012   •   Posted by Craig Eyermann at 5:15am PDT   •   5 Comments

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...
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