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<blockquote data-quote="TerryMiller" data-source="post: 2109865" data-attributes="member: 7900"><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">From the first link of my post with the links:</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">"The government bailout of General Motors and Chrysler is one of the most polarizing issues of the presidential campaign. Many Americans wonder why $62 billion in tax dollars went to keeping the two automakers afloat in 2008 and 2009. There's little doubt the bailout saved the automakers and huge numbers of jobs. <strong><u>But there's also little chance the government will get all its money back.</u></strong></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"><strong><u></u></strong></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"><strong><u>Taxpayers are out about $1 billion on the Chrysler bailout.</u></strong> GM stock is selling for less than half the price needed for the government to recover all of its nearly $50 billion investment."</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">As for that press release from Fiat:</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">"Fiat and the United States Department of the Treasury (UST) also today completed Fiats purchase of the <strong>6% fully diluted ownership interest held in Chrysler by UST for a price of US$ 500 million</strong>, as contemplated by the agreements entered into in early June."</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">Perhaps I am having a reading comprehension problem, but please explain that "6% fully diluted ownership interest" and how $500 million is going to cover the $1 billion that the first story says the government will be out. Or, is that $1 billion a phantom number that ignores the debt owed to the government? After all, even you agree that the government isn't getting all of its money back.</span></span></p></blockquote><p></p>
[QUOTE="TerryMiller, post: 2109865, member: 7900"] [FONT=Georgia][SIZE=3]From the first link of my post with the links: "The government bailout of General Motors and Chrysler is one of the most polarizing issues of the presidential campaign. Many Americans wonder why $62 billion in tax dollars went to keeping the two automakers afloat in 2008 and 2009. There's little doubt the bailout saved the automakers and huge numbers of jobs. [B][U]But there's also little chance the government will get all its money back. Taxpayers are out about $1 billion on the Chrysler bailout.[/U][/B] GM stock is selling for less than half the price needed for the government to recover all of its nearly $50 billion investment." As for that press release from Fiat: "Fiat and the United States Department of the Treasury (UST) also today completed Fiats purchase of the [B]6% fully diluted ownership interest held in Chrysler by UST for a price of US$ 500 million[/B], as contemplated by the agreements entered into in early June." Perhaps I am having a reading comprehension problem, but please explain that "6% fully diluted ownership interest" and how $500 million is going to cover the $1 billion that the first story says the government will be out. Or, is that $1 billion a phantom number that ignores the debt owed to the government? After all, even you agree that the government isn't getting all of its money back.[/SIZE][/FONT] [/QUOTE]
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