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GM bailout proper, as is divestment now

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Daily Gazette, The (Schenectady, NY) - Saturday, December 22, 2012 Though the U.S. government may end up with a loss of roughly 23 percent when it sells the rest of its General Motors stock over the next 15 months, the loss that its $50 billion investment staved off would have been substantially larger, to taxpayers as well as auto workers. So while the bailout of a huge money-losing enterprise isn't the sort of thing the ...


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comments

wmarincic
December 25, 2012
10:24 a.m.

[ Flag Post ]

Bullcrap, GM and Chrysler could have filed the same bankruptsy that they did without the government. The only thing the government did was hand over billions to the unions while screwing the stockholders. What a bunch of crap.

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