Friday, December 10, 2010

The Loss on the GM Takeover

Did the GM takeover provide a profit for the US?

Probably not.

...Based on these calculations, GM's creditors (the taxpayers) will come up some $30 billion short when the balance sheet for investments, loans, repayments and other money transfers is totaled, analysts say.

The Chrysler deal hasn't yet been toted up.

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