Money to Burn: GM Bailout Loses $11.2 Billion

May 3, 2014

gmmotorama

The U.S. government has reported a final loss of $11.2 billion from the GM bailout, after a nearly $50 billion “investment” in the bankrupt auto maker. This is in spite of GM showing 17 quarters of “profit”. More details here.

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One Response to “Money to Burn: GM Bailout Loses $11.2 Billion”

  1. […] how we spent $50 Billion to bail out General Motors? And we took an $11 Billion loss? Reuters reports that GM’s latest recall of 2.6 million vehicles results in a total of $15.4 […]

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