No one talks about all the companies and US Gov that had to eat $40 Billion in GM debt!
The bailout and restructuring helped GM to shed nearly $40 billion in obligations to become debt-free. It was a contrast with Ford Motor Co., which didn't have a bailout and is still paying off $23 billion it borrowed to survive. GM will pay almost no federal corporate taxes for years as one condition of the bailout.
Such success could make it easier for the federal government to sell some of its remaining 26% stake in GM. Doing so at the current stock price would mean the government would lose more than $10 billion on the GM investment acquired in the bailout.
Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
Ya, and meantime GM's CEO got a $1.3million stock bonus for 2011.
Then you got AIG ,which part of the deal for their bail out was tat the CEO couldn't get more than a $500,000 pay package, but our Pay Zar Kenneth Feinberg approved a $10.5 million pay package.
What a buncha baloney, Pay Zar, doing a good job for the taxpayers.
The $40 billion is a wash compared to what bankruptcy for gm would have cost in government revenues. Much cheaper to bail them out, if the cost is what we are worried about. Ford was in no where near the financial straights of gm.
Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
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