No more Government Motors: US selling GM shares, taxpayers likely to lose about $12B

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  • John20000 Cedar Hills, UT
    Dec. 21, 2012 1:22 p.m.

    @FT No company is too big to go through bankruptcy. GM would have gone through bankruptcy and emerged a more well equipment company for the next 50 years. It could have taken on Honda and Toyota if it had gone through bankruptcy, but now it is same old GM saddled with the same old problems and the tax payers are out 12B instead of creditors paying for it through bankruptcy court.

    The American market system works, the government should not try to manipulate it...that never works.

  • worf Mcallen, TX
    Dec. 19, 2012 4:39 p.m.

    Get a credit card, and spend @500. When the bill comes in, take a thousand dollars from the card, and pay off the five hundred dollars you owe, and you have another five hundred to spend. With the following bill, you take out $1500, and do the same thing. Keep doing this until you have a balance of sixteen trillion dollars.

    See why Obama doesn't want a budget ceiling? Just keep borrowing, and printing. After this, you get those who pay eighty five percent of our taxes to pay more, and limit their ability to run a business they didn't build. Hmm? Can anyone say lay-offs?

    With a level playing field, we'll all be in poverty, subjected to Obama's care.

  • Rick2009 MESA, AZ
    Dec. 19, 2012 3:29 p.m.

    I will never buy a GM product the remainder of my life. Go FORD.

  • FT salt lake city, UT
    Dec. 19, 2012 1:02 p.m.

    Americans lose 12 billion. What would it have cost the tax payer in unemployment benefits and other goverment pay-out if they had gone under? Don't know just curious.

  • Johnny Triumph American Fork, UT
    Dec. 19, 2012 1:00 p.m.

    Wow, I was mistaken to have voted for Romney in the past election, Mr Obama's plans for bailout have greatly benefited our nation! Good work, only a loss of $12b! Finally something to cheer for!

  • Badger55 Nibley, Ut
    Dec. 19, 2012 11:32 a.m.

    Funny, I don't remember getting a dividend from my investment with GM. It was our tax dollars after all and they have made $16B over the last 3 qtrs alone. Wish i could run a company on other people's money and not have to pay it back, including interest.