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Keyword: destroyuswealth

If You Weren’t Outraged by GM Bailout, You Will Be Now

06/30/2013 12:05:28 PM PDT · by Red Statements · 19 replies
RedStatements.co ^ | June 29th, 2013 | Steven H Ahle

Before I tell you of all the new developments at government motors, I’d like to inform you of the true cost of the GM bailout. The “official” tally is ten billion, but the actual total cost to taxpayers is over 50 billion dollars. GM has a market cap (Net worth) of 28 billion. The paybacks we received from GM are the true, but kind. Read this for the true costs.

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