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To, I think, everyone's surprise (including mine) we are actually going to MAKE money on the "bailouts' to the auto companies.

Win, win.


Its spin no way on earth I will never believe it. How do you go from billions of dollars in debt and needing a "bail out" to covering operation costs and paying back the billions of dollars while not having any significant increase in sales.



Let us see, GM is trading at $20.15, it's IPO was about $33 and the fed gov has to sell at about $52 to break even. I may be wrong, but I think they still owe the gov $15 billion in loans. They could have paid some back, but decided to give their employees $5000 bonuses last fall. Seems they were afraid their employees would leave for other jobs, what jobs!

Last edited by MACMC; 12/29/2011 7:10 PM.
Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats. H. L. Mencken