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US government sells the last of its GM stake

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sonofghandi
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11 Dec 2013, 9:58 am

link is here

Quote:
The net? Taxpayers lost $10.7 billion on the deal.

However, as CNN Money writes: "Still, it is estimated that 1.5 million jobs were saved by keeping General Motors and smaller rival Chrysler afloat through bailouts, according to the Center for Automotive Research. That's why many economists argue that the bailout worked, even if taxpayers are not completely repaid."


Quote:
When the latest stock sale, begun Nov. 21, is tallied, that amount will be subtracted from the $10.7 billion that taxpayers have lost on their GM holdings as of Nov. 30.


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