Comment

Taxpayer Losses On GM Bailout Are Going to be Massive

2
Dark_Falcon11/18/2011 8:01:39 pm PST

re: #1 Naso Tang

“Thanks to stock price”.

I suppose we can blame the gummint for all stock price declines, or maybe the EU, or maybe congress which is bringing us to another confidence brink shortly.

What I would like to know is what the “taxpayer” cost in all its real forms would have been had GM dissolved.

That implies a false choice. A normal bankruptcy would not have meant the dissolution of GM. But it would have mean the Obama-supporting UAW, and not GM’s boldholders, would have taken a hard hit.