John Stossel - General Motors. Never Again?
My charming wife hit me with this zinger: “Doesn’t GM’s stock sale show that you were wrong to complain about the bailout?”
Yikes. People just don’t get it.
As one big investor (who prefers to remain anonymous because he fears government retaliation) wrote me: “Government bought 914 million shares at 43.71. Sold half at 33, own 500 million or so at 35. Taxpayers down about 9 billion. Why is there such celebration today about this 'great government success?'”
Not to mention GM has no taxes to pay on its first 135 billion in profits.