Tag Archive: GM Bailout a $10.5 Billion Loss

GM Bailout a $10.5 Billion Loss

                      Final Result of GM Bailout a $10.5 Billion Loss as Gov’t Sells Last of Stock American taxpayers will take a $10.5-billion loss as they rid themselves of the government’s remaining shares of General Motors Co. (GM) stock. In 2008 and 2009, the federal government bailed out GM to the tune of $49.5 billion during what has commonly been referred to as the Great Recession. According to a Department of the Treasury press release, the final stock sale recovered only $39 billion of the investment in stock gains and interest…. View Article