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Re: PegnVA post# 67291

Wednesday, 12/19/2012 3:41:47 PM

Wednesday, December 19, 2012 3:41:47 PM

Post# of 122337
My short answer; I don't know.
There should be a moral question anytime we (America) favor a failed corporation.
'Spare the rod and spoil the child.' comes to mind.

Here's an article that puts a price on the loss:
http://news.yahoo.com/factbox-u-treasury-plans-gm-stock-sale-tarp-201946340--business.html

Here's the paragraph:

"As part of its effort to unwind its position in GM, the Treasury on Wednesday said it would sell 200 million shares of common stock back to the company at $27.50 a share. If it were to sell its remaining 300.1 million shares at the same price, it would face a loss of more than $12 billion on the automaker's bailout."




“To be yourself in a world that is constantly trying to make
you something else is the greatest accomplishment.” ---Ralph
Waldo Emerson

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