“Despite surges in revenue and a catalog of new vehicles produced by the U.S. auto industry, taxpayers are still suffering from the 2009 bailouts, as General Motors (GM) would have to peddle their stock for $95.51 per share for taxpayers to break even, according to a government watchdog report published Wednesday. Even with a 25-percent spike in the price this year, that’s still well over twice what shares are selling for today, with the price currently lingering around $37 per share — meaning there’s little faith that taxpayers will break even on the nearly $50-billion formerly http://www.cbsatlanta.com/story/22917086/little-hope-taxpayers-break-even-on-gm-bailout GM bailout.”
Obama’s Auto Industry Bailouts in 2009: Taxpayers Lose, Big Time
- Post author:The Freedom Watch Staff
- Post published:July 31, 2013
- Post category:Network Archives
Tags: Alternative News, Bailout Fail, Bankocracy, CLibertyC, constitutional liberty coalition, crony capitalism, economic Trends, for life and liberty, Land Of The Flea, Middle Class Dismissed, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
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