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Forum - GM Earns $3.2 Billion On Fuel-Efficient Car Sales
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| Agent Matt | Posted: May 05, 2011 - 18:12 |
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 Genuine American Monster Level: 70 CS Original | ||||||
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| Inside Job | Posted: May 05, 2011 - 20:14 |
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 Level: 2 CS Original | so when do they start paying back the government/tax payer for bailing them out? | |||||
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| Agent Matt | Posted: May 05, 2011 - 20:15 |
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Genuine American Monster Level: 70 CS Original | "Among those rooting for GM is the U.S. Treasury Department, where officials will try to figure out the right time to sell the remaining 500 million GM shares owned by the government. GM took nearly $50 billion in U.S. government aid to help it survive in 2009. The U.S. government has been repaid about half that amount and would need to sell its remaining shares for roughly $53 each to get all its money back." Read the article before commenting. | |||||
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| Inside Job | Posted: May 05, 2011 - 20:30 |
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Level: 2 CS Original | so the majority shareholder of GM is (or at least was) the US government? that's nationalization!!! | |||||
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