[BilboBagend]

http://www.dailykos.com/story/2013/12/0 ... tail=email

[johnforbes]

But should there really be such a thing as "too big to fail"?

It would probably be better for Schumpeter's creative destruction to go to work on the auto industry, wouldn't it?

[RealJustme]

GM Bailout Cost Taxpayers $10B

That's a lie, in the end the bailout of the UAW union and their future benefits will cost of 10 times that amount. The unions sunk GM and we should have allowed the unions to go down with the ship.

[Intrepid]

The bailout was a payoff to the UAW and any thinking person knows it. GM should have gone into bankruptcy and shed their crippling pension debt. This bailout just pushes the problem into the future.

[elklindo69]

The bailout was a payoff to the UAW and any thinking person knows it. GM should have gone into bankruptcy and shed their crippling pension debt. This bailout just pushes the problem into the future.

GM did go through bankruptcy and they were able to reorganize. GM has the best line up of vehicles that I have ever seen...

I picked up GM tarp warrants last year, and I've doubled my investment. Thanks uncle sam....

:mrgreen:

[RealJustme]

GM did go through bankruptcy and they were able to reorganize. GM has the best line up of vehicles that I have ever seen...

30 cents on every dollar going into producing GM cars is paid by the tax payers due to the bailout. Everyone lost in that bailout out except union workers who are still milking the cow who dried up long ago. Lenders, investors and tax payers got screwed, soon the money they stole will dry up and GM will be in trouble again.

[elklindo69]

GM did go through bankruptcy and they were able to reorganize. GM has the best line up of vehicles that I have ever seen...

30 cents on every dollar going into producing GM cars is paid by the tax payers due to the bailout. Everyone lost in that bailout out except union workers who are still milking the cow who dried up long ago. Lenders, investors and tax payers got screwed, soon the money they stole will dry up and GM will be in trouble again.

Justme...

Do you ever come within an earshot of being objective?

Is there some special insight that you have of this business that me and the thousands of other investors who are much more capable of analyzing a business than you are???

Perhaps you should short the stock...

:lol:

[RealJustme]

Perhaps you should short the stock...

The unions already did that.

[elklindo69]

Perhaps you should short the stock...

The unions already did that.

UAW owns 140 million common and 140 million class A preferred shares.

Have anything else that you want to make up?

:mrgreen:

[BilboBagend]

Shit Elkindos, if these dishonest teagagger anarchist assholes didn't make up malicious lies they wouldn't have anything to say. In addition, if honest rational conservatives showed up to this forum we would be having rational honest discussions.

What the hell do you want?

[brandon]

Didn't the Treasury sell that stock for a 10 billion dollar loss?



Sorry, didn't mean to interrupt the partisan stupidity.

[Intrepid]

It's all a shell game con and you can see quite clearly just who the marks are around here.

[BilboBagend]

Or, obviously read the beginning statement and premise in the post.

[elklindo69]

The government wanted to exit the position and spend the money elsewhere. They could have held on for a decade and made a significant profit.

But then the neocons would complain about the government profiting off a private business, etc...

[sillydaddy]

It is said the the bailout saved 2.63 million jobs. That may be true, but taxpayers paid approx. 19 million dollars per job. May have cost less to let those workers collect UI and re-train them.

[BilboBagend]

Even Ford supported the bailout, Why, because not bailing out the industry would have destroyer the whole industry, including Ford and all domestic producers, foreign and domestic leading to an economic death spiral for the country and much of the world.

Then, there are the moronic teagaggers and their delusions.

[johnforbes]

To return to the point, why should the federal govt shore up a business such as GM?

As to GM stock, or debt, I own some of both in indirect ways, but wouldn't have touched it as an individual position.

[BilboBagend]

It's very simple little wannabe faux, it's called rationality, interest in the welfare of the community, and rational self interest. As compared to your posts, delusional bigotry, misplaced malice filled ideology, and intent to destroy.

[brandon]

The government.... could have held on for a decade and made a significant profit.

^^^^ Well there ya go. What he said.

[BilboBagend]

Time value of money

Opportunity cost

[elklindo69]

I suppose the treasury could have held on to break even. Their cost basis was $43 and today it was trading at $40. Could they have waited until it hit $50. Obviously yes and cut a profit.

The government's objective was to provide liquidity to GM, and stabilize the business. The objective was accomplished.