Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Union Wins! Hostess Out of Business
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Babagounj" data-source="post: 1056718" data-attributes="member: 12952"><p>A White House report sent to Congress in August 2012 estimated the sale of the remaining G.M. stock acquired by the United States Treasury during the company's bankruptcy would result in a loss of $25.1 billion to the American taxpayer.[SUP]<a href="https://en.wikipedia.org/wiki/General_Motors#cite_note-Auto_Bailout-85" target="_blank">[85]</a>[/SUP] The total cost to the taxpayer will be determined after the government sells its 26% stake in G.M. and its 74% stake in Ally Financial, formally known as GMAC, G.M.’s financing arm.</p><p></p><ul> <li data-xf-list-type="ul"><strong><a href="https://en.wikipedia.org/wiki/General_Motors#cite_ref-Auto_Bailout_85-0" target="_blank">^</a></strong> Eisenstein, Paul A. (August 14, 2012). <a href="http://bottomline.nbcnews.com/_news/2012/08/14/13281710-auto-bailout-cost-now-upped-to-25-billion?lite" target="_blank">"Auto bailout cost now upped to $25 billion"</a>. <em>NBC News</em>. Retrieved August 14, 2012.</li> </ul><p></p><p>Current stock price $23.85 .</p><p>Break even point for US Gov't owned shares is $28.73 .</p></blockquote><p></p>
[QUOTE="Babagounj, post: 1056718, member: 12952"] A White House report sent to Congress in August 2012 estimated the sale of the remaining G.M. stock acquired by the United States Treasury during the company's bankruptcy would result in a loss of $25.1 billion to the American taxpayer.[SUP][URL="https://en.wikipedia.org/wiki/General_Motors#cite_note-Auto_Bailout-85"][85][/URL][/SUP] The total cost to the taxpayer will be determined after the government sells its 26% stake in G.M. and its 74% stake in Ally Financial, formally known as GMAC, G.M.’s financing arm. [LIST] [*][B][URL="https://en.wikipedia.org/wiki/General_Motors#cite_ref-Auto_Bailout_85-0"]^[/URL][/B] Eisenstein, Paul A. (August 14, 2012). [URL="http://bottomline.nbcnews.com/_news/2012/08/14/13281710-auto-bailout-cost-now-upped-to-25-billion?lite"]"Auto bailout cost now upped to $25 billion"[/URL]. [I]NBC News[/I]. Retrieved August 14, 2012. [/LIST] Current stock price $23.85 . Break even point for US Gov't owned shares is $28.73 . [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Union Wins! Hostess Out of Business
Top