$80.3B Invested in Detroit

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http://www.foxbusiness.com/story/markets/industries/transportation/taxpayers-b-invested-auto-makers/
Quote:
The taxpayers’ investment in the U.S. auto industry rose to $80.3 billion, after the U.S. Treasury provided a new $30.1 billion bankruptcy loan to General Motors (GMGMQ: undefined, undefined, undefined%) on Wednesday, two days after GM filed for bankruptcy, a new Treasury report said.

Quote:
TARP's automotive-industry financing program investments to date are:

Dec. 29, GMAC LLC, $5 billion

Dec. 29, General Motors, $884,024,131

Dec. 31, General Motors, $13.4 billion

Jan. 2., Chrysler Holding, $4 billion

Jan. 16, Chrysler Financial Services, $1.5 billion

Apr. 22, General Motors, $2 billion

Apr. 29, Chrysler Holding, $500 million

Apr. 29, Chrysler Holding, $280,130,642

May 1, Chrysler LLC, $3.043143 billion

May 20, Chrysler LLC, $756.857 million

May 20, General Motors, $4 billion

May 21, GMAC, $7.5 billion

May 27, New CarCo Acquisition, $6.943 billion

May 27, General Motors, $360,624,198

June 3, General Motors, $30.1 billion
 
Originally Posted By: Quattro Pete
And I'm guessing it won't end there...


That's what worries me the most. It's hard to stop sucking the public teat once you start.

John
 
Invested???

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How about:

a) they stole my hard earned money
b) siphoned off somewhere between 25-90% for waste, fraud, abuse, inefficiency and useless redundancy
c) gave the remainder to a group of thieves, perverts, miscreants, greedpigs, and idiots

With almost no hope of seeing .02$ on the $1.00?

I'll take my chances with Deano Martin!
 
Well folks, more then half wanted change..they got it..

Remember, Millions on Welfare depend on the hard working people daily...
 
I read that in Europe, the people voted AGAINST anymore financing dollars to shore up businesses. I like what Obama is trying to do after the Bush/Madof years. I am uncomfortable with so many tax dollars going out. I fear inflation of a great magnitude will be facing us. I'm not financial expert but, one does need to pay the fiddler in the end. I know what will happen to me if I write bad checks.
 
Originally Posted By: Eddie
I like what Obama is trying to do after the Bush/Madof years. I am uncomfortable with so many tax dollars going out.


This makes no sense.
 
Originally Posted By: Pablo
Originally Posted By: Eddie
I like what Obama is trying to do after the Bush/Madof years. I am uncomfortable with so many tax dollars going out.


This makes no sense.

I like it but I hate it.
LOL.gif
 
Originally Posted By: Pablo
Invested???

LOL.gif
crazy2.gif
crackmeup2.gif
happy2.gif
thumbsup2.gif


How about:

a) they stole my hard earned money
b) siphoned off somewhere between 25-90% for waste, fraud, abuse, inefficiency and useless redundancy
c) gave the remainder to a group of thieves, perverts, miscreants, greedpigs, and idiots

With almost no hope of seeing .02$ on the $1.00?

I'll take my chances with Deano Martin!


Pablo for President!!!!!!
LOL.gif
I totally agree with you!
 
Originally Posted By: Pablo
Invested???

LOL.gif
crazy2.gif
crackmeup2.gif
happy2.gif
thumbsup2.gif


How about:

a) they stole my hard earned money
b) siphoned off somewhere between 25-90% for waste, fraud, abuse, inefficiency and useless redundancy
c) gave the remainder to a group of thieves, perverts, miscreants, greedpigs, and idiots

With almost no hope of seeing .02$ on the $1.00?

I'll take my chances with Deano Martin!


What he said....
smirk2.gif
 
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