blauSamstag wrote:
number5 wrote:
ruveyn wrote:
number5 wrote:
Name one thing the government has "taken over" at the suggestion of Obama.
General Motors Inc. for a short period of time. Eventually the U.S. sold its ownership position in GM.
Part of the "bail out" deal for manufacturing firms was partial socialization.
ruveyn
Fair enough. But it was temporary, thousands of jobs were saved and we got our money back. Where's the downside?
We didn't get our money back yet.
GM paid back some of it, but there were two separate loans in question.
it's like having a friend who owes you $10,000 already asking for $50 to pay the power bill, and then being all proud that they paid back the $50.
I was referring to the stock purchase. The straight loan has been paid back in full.
However, upon further research, it does seem like we may take a loss on the remaining shares. We sold back a huge chunk back in the fall of last year for a decent return on investment and a forfeiture of ownership. I think today's estimates are around 11 billion loss if we sold our remaining shares today.
What would the cost have been to Americans had we let it go under?
Actually, no they didn't pay back the loan, and in fact they got caught lieing about paying back the loan.
Or wait they actually did pay back money with money they got from another government loan.
14 Aug 2011, 6:02 pm
