Quote:
Originally Posted by Riot
What unions were thrown "billions"? Do you mean the auto industries that were literally saved, are now thriving, have paid back their loans, and did indeed save hundreds of thousands of jobs in the industry and associated mfg and supply chains?
That resounding and unquestionable success?".
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Huh? GM was loaned $49.5 billion, has paid back $23.2 and has a balance left of $26.3 billion and that's the catch. That supposed $26 billion and change (change being $300,000,000.00) is represented by a 23.2% stake in GM or 500 million shares. GM closed at $21.94 so our $26.3 billion stake is currently worth just under $11 billion.
Your idea of a resounding, unquestonable success is a $15.4 billion loss
A negative 31% on investment. And that new Volt they put out? It's Yugo like.