” In addition, the company also received $52 billion from the U.S. Treasury, $9.5 billion from the Canadians and $12 billion in tax losses carried forward from the pre-bankruptcy days- which for the rest of us regular Joes would be illegal. Oh, then there was that little issue of not paying taxes on the loan that Obama decided to turn into a gift- which again would be illegal for the rest of us.
Just to break even on the part of the money that the U.S. government didn’t make an outright gift, the stock price would have to hit about $51. “
So what’s $60B or so among friends? Its just gubment money”
Bernie Madoff got life without parole for doing something like this: )