depotoo
Diamond Member
- Sep 9, 2012
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A loss at this point-
https://www.treasury.gov/initiatives/financial-stability/reports/Pages/TARP-Tracker.aspx
Disposition of TARP Funds to date Percent Recovered: 97.7%
https://www.treasury.gov/initiatives/financial-stability/reports/Pages/TARP-Tracker.aspx
Disposition of TARP Funds to date Percent Recovered: 97.7%
Once again, from the Congressional Research Service, before the final stock sell off, May of 2013-
To date, the U.S. government has realized an $8.4 billion loss of on its investment in General Motors. Future sale of the remaining GM shares could result in gains that would offset this loss. For the U.S. government to fully recoup the nominal value of its $50.2 billion assistance, however, the price of the government’s remaining shares would need to approach the $80 per share mark, between two and three times the price that has been received by the U.S. government in past sales. The strength of New GM’s stock price, and the related recoupment of government assistance to the company, have hinged on two major factors: the success of GM’s restructuring and the performance of the global economy, including retail auto sales. New GM’s finances have strengthened since its emergence from bankruptcy.
https://fas.org/sgp/crs/misc/R41978.pdf
They then sold the remaining stock at a further loss-
Treasury Secretary Jack Lew announced the final stock sale late Monday afternoon, saying that Treasury ultimately recouped $39 billion through the sale of shares, dividends and loan repayments since 2009. But the government pumped $49.5 billion into GM to help it get through a bankruptcy reorganization.
Treasury closes the book on GM bailout with final stock sale
You said the loans were paid back, you lying asshole! We lost money, asshole! We didn't need to, asshole!We lost money on the stock... which is a fucking fluid market, which is shown by Trump's fucking tweets. You are helpless.
We lost money on the stock, the loans were paid back. I thought I had you on ignore, I must have forgotten it or something. You are useless, and your bragging about shit like working with law enforcement agencies about hiring and stuff is off the charts full of shit. You'd be lucky to be able to pick out what traffic cones they use.
Corporate Welfare. It has to end.
The government made BILLIONS of dollars off of TARP.
U.S. ends TARP with $15.3 billion profit