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It’s Official: Taxpayers Will Lose Billions on auto Bailouts

hypocritexposer

Well-known member
It’s Official: Taxpayers Will Lose Tens of Billions on Chrysler, GM Bailout

by admin

in Blog

A Congressional oversight panel warns taxpayers are facing huge losses on the government’s $81 billion auto industry bailout. Elizabeth Warren, the panel’s chair, discusses the findings.

* The report said that a $5.4 billion portion of the $10.5 billion owed by Chrysler is “highly unlikely” to be repaid.
* Full recovery of the $50 billion sunk into GM would require the company’s stock to reach unprecedented heights.
* The report also recommended that the Treasury Department provide a legal analysis justifying the use of financial rescue funds for the automakers.
* In all, the government has invested $74 billion in the nation’s auto industry.

http://www.cardealerreviews.org/?p=118302

Taxpayers will lose on auto bailouts
http://money.cnn.com/2009/09/09/autos/cop_auto_report/?postversion=2009090903
 

backhoeboogie

Well-known member
GM won't be in any of my nickels invested into a portfolio. It is just the principle of it all.

Cash clunkers nickels went overseas.

I'm telling you that Obama is going to run an ad soon, "Country in North America for sale. It was once great. Take over the payments"
 

hypocritexposer

Well-known member
backhoeboogie said:
GM won't be in any of my nickels invested into a portfolio. It is just the principle of it all.

Cash clunkers nickels went overseas.

I'm telling you that Obama is going to run an ad soon, "Country in North America for sale. It was once great. Take over the payments"

Maybe he just feels that all "arrogant Countries need to be repo'd, for the Global collective good"

I think you could also substitute "sovereign" for "arrogant"

Increase the debt, and there is more to repo. More wealth to spread Globally.
 

hypocritexposer

Well-known member
Once he gets this put all together, maybe his thirst for power and his ego will be satisfied, if he was the "Global President/Head Czar", sitting at the top of the UN.

He wouldn't even need 8 years, if he works fast enough. Won't even need to show his BC, he's a "Global Citizen."
 

backhoeboogie

Well-known member
hypocritexposer said:
Once he gets this put all together, maybe his thirst for power and his ego will be satisfied, if he was the "Global President/Head Czar", sitting at the top of the UN.

He wouldn't even need 8 years, if he works fast enough. Won't even need to show his BC, he's a "Global Citizen."

He's darn sure achieving what the terrorists wanted achieved back on 911 and the reason they picked the first target they picked.
 

hypocritexposer

Well-known member
There were those, that believed Bernie Madoff too.

speaking of which, heard he's got Cancer, think he'll get an early release, like the Lockerbie bomber?
 
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