cachsux
Wah
One or two are regular Einsteins.
Government Motors
- Thread starter moreluck
- Start date
One or two are regular Einsteins.
moreluck
golden ticket member
So, when are you buying your electric snowblower ???????????
moreluck
golden ticket member
From Palm Harbor...............Canada doesn't have safety rules?
Lue C Fur
Evil member
cachsux
Wah
And that explains why Klein is the way he is...huffing gasoline fumes.
No. He`s pro-electric. It`s from the electro-shock therapy.
Lue C Fur
Evil member
moreluck
golden ticket member
November 16, 2011 @ 2:10 pm |
Obama Regime Boosts Estimate of Auto Bailout Losses To $23.6 Billion…
How does the Obama admin get away with holding the auto bailouts up as one of their few achievements when the loss to American taxpayers exceeds $23 billion?
Obama Regime Boosts Estimate of Auto Bailout Losses To $23.6 Billion…
How does the Obama admin get away with holding the auto bailouts up as one of their few achievements when the loss to American taxpayers exceeds $23 billion?
(Detroit News) — The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.’s steep stock decline.
In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion.
The Treasury now pegs the cost of the bailout of GM, Chrysler Group LLC and the auto finance companies at $79.6 billion. It no longer includes $5 billion it set aside to guarantee payments to auto suppliers in 2009.
The big increase is a reflection of the sharp decline in the value of GM’s share price.
The current estimate of losses is based on GM’s Sept. 30 closing price of $20.18, down one-third over the previous quarterly price.
GM’s stock closed Monday at $22.99, up 2 percent. The government won’t reassess the estimate of the costs until Dec. 30.
The government has recovered $23.2 billion of its $49.5 billion GM bailout, and cut its stake in the company from 61 percent to 26.5 percent. But it has been forced to put on hold the sale of its remaining 500 million shares of stock.
The new estimate also hikes the overall cost of the $700 billion Troubled Asset Relief Program costs to taxpayers. TARP is the emergency program approved by Congress in late 2008 at the height of the financial crisis.
In total, the government used $425 billion to bailout banks, insurance companies and automakers, and provided $45 billion in housing program assistance.
The government now expects to lose $57.33 billion, including the full cost of the housing program, up from $36.7 billion. The new estimate means the government doesn’t believe it will make an overall profit on its bailouts.
In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion.
The Treasury now pegs the cost of the bailout of GM, Chrysler Group LLC and the auto finance companies at $79.6 billion. It no longer includes $5 billion it set aside to guarantee payments to auto suppliers in 2009.
The big increase is a reflection of the sharp decline in the value of GM’s share price.
The current estimate of losses is based on GM’s Sept. 30 closing price of $20.18, down one-third over the previous quarterly price.
GM’s stock closed Monday at $22.99, up 2 percent. The government won’t reassess the estimate of the costs until Dec. 30.
The government has recovered $23.2 billion of its $49.5 billion GM bailout, and cut its stake in the company from 61 percent to 26.5 percent. But it has been forced to put on hold the sale of its remaining 500 million shares of stock.
The new estimate also hikes the overall cost of the $700 billion Troubled Asset Relief Program costs to taxpayers. TARP is the emergency program approved by Congress in late 2008 at the height of the financial crisis.
In total, the government used $425 billion to bailout banks, insurance companies and automakers, and provided $45 billion in housing program assistance.
The government now expects to lose $57.33 billion, including the full cost of the housing program, up from $36.7 billion. The new estimate means the government doesn’t believe it will make an overall profit on its bailouts.
Lue C Fur
Evil member
Shhhh...dont let this get out. The Liberals think we did not pay a dime just like the Messiah said and GM paid back everything they owed.
trplnkl
555
Can you not stay on topic at all?
moreluck
golden ticket member
Just so you know the facts......I sold 12 properties, duplexes, single homes and 4-plexes in Utah .....all of which were at least DOUBLE the price I paid for them !!
My one remaining rental property is a 4-plex in Idaho with an $800 positive cash flow.........that's what I get every month after all expenses are paid. I just can't bring myself to sell it. It's a little gold mine. There's always a special place for your first!!
I haven't lost anything with my real estate investments!! You don't know what you are talking about....as usual.
moreluck
golden ticket member
Your skull is too thick....I told you I sold 12 properties......that's REAL PROFIT, not guesses. There are no estimates......just the actual selling prices.
And WTF do my real estate investments have to do with Gov't motors?
If you want to change the subject, start a new thread for real estate.
klein
Für Meno :)
Goverment motors !!!! Get it !!!
How much did the government sell all of it's shares for ???? How much ???? Tell me !!!!
I want to know how much they lost in exact numbers ! (even though they still hold shares and haven't sold them all) !
Now get me that info ! I want to know !!!!
How much did the government sell all of it's shares for ???? How much ???? Tell me !!!!
I want to know how much they lost in exact numbers ! (even though they still hold shares and haven't sold them all) !
Now get me that info ! I want to know !!!!
moreluck
golden ticket member
Just read the article I already posted. The numbers are there. Go order someone else around...............
trplnkl
555
May as well give up Klein, you tried to manipulate the questions and snide accusations and Moreluck handed you your ass. You failed. If your point was about GM, you shouldn't have brought her personal real estate dealings into the equation.
Lue C Fur
Evil member
Old news repeated many times in this thread in one way or another. There are some here that still believe that it did not cost tax payers a dime...maybe because Obama said it.
