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Taxpayers likely to face initial loss on GM IPO: sources

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posted on Sep, 4 2010 @ 12:51 PM
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First off, I like the MODS to move or delete. I checked with the Search Tools and found no match.

Now with that out of the way,,,, I've said it before and so have many of you here on ATS, The Government has NO business running any Corporations, Big Businesses or any thing that suppose to make a PROFIT!

Our Tax Dollars should not ever be used to Bail Out any business and have the Government hands in it, You Loose,,, No,,, We Loose.

Here's the rest of the story: www.reuters.com...
Subsequent offerings of the government's holdings may be profitable depending on how investors trade the newly listed stock, the sources said.
But the question of whether taxpayers are ultimately made whole on GM's $50 billion bailout could be left open for years, the people said.

GOVERNMENT STAKE IN 'GOVERNMENT MOTORS'

The U.S. government pumped $49.5 billion worth of taxpayer money into the automaker and took nearly 61 percent of its common stock.

GM has paid back $6.7 billion in debt to the Treasury and returned another $700 million in interest and dividends. The U.S. government also holds $2.1 billion in perpetual preferred shares in the automaker

Taxpayers to take loss on GM stock offering,,,, Did You Really Believe we Won't Take A Loss? Again my friends, We Took It In The Shorts


And Our Government wants to run your Heath-Care for you and your loved ones, THINK ABOUT IT!




posted on Sep, 4 2010 @ 01:20 PM
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That's interesting

Nobody cares that our Government has lost our money again
and they plan to go on loosing our tax dollars


Why, can anyone here explain it to me?



posted on Sep, 4 2010 @ 02:56 PM
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reply to post by guohua
 


What is there to explain?

Taxpayers will always lose out, especially when it comes to any bailout, even if the target of such bailouts succeed because that success is only temporary.

The reason why there is a bailout is because someone FAILED. FAILURE means it is time to stop doing what is causing such a FAILURE. FAILING means that it is time to try something new. FAILURES are just going to keep FAILING should they get the chance to continue being who they are and continue to do what they are doing.

GM is a FAILURE. Wall Street is a FAILURE. The unions that got bailed out with the GM bailout are FAILURES. By propping up FAILURES, FAILING becomes contagious and we are all screwed.

A bailout is like preserving a cancer.



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