Flutterby™! : Treasury blew $10 billion on GM 2013-12-17 18:13:05.858157+01

Treasury blew $10 billion on GM

2013-12-17 18:13:05.858157+01 by Dan Lyke 0 comments

National Legal and Policy Center asks if GM will repay the $10 billion cost of the bailout.

Asked whether GM should pay the difference between the amount the government provided the company and the return from the sale of the shares, Akerson said the "die was cast" by Treasury when it decided to take shares. For GM to make up for any shortfall could result in lawsuits from other shareholders. Those investors expect the company to resume paying a dividend for the first time since it exited bankruptcy in July 2009.

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