Subj : Re: http://www.bailoutcost.com/
To   : All
From : wasn't@shovel.ready
Date : Thu Jan 31 2019 19:20:08

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From: shovel-ready <wasn't@shovel.ready>
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misc.survivalism,talk.politics.guns,ca.politics,dfw.politics,az.politics
Subject: Re: http://www.bailoutcost.com/
Date: Mon, 17 Sep 2012 15:13:17 -0600
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On 9/17/2012 2:58 PM, ? wrote:
> On 9/17/2012 12:24 PM, shovel-ready wrote:
>> On 9/17/2012 12:59 PM, ? wrote:
>>> http://www.bailoutcost.com/
>>> The greatest business mind in the world, Barry Soetoro saved GM from
>>> Chapter 11. He never did understand that America has Federal Bankruptcy
>>> Laws and courts. What an ass hat.
>>
>> http://online.wsj.com
>>
>> AUTOSU
>> pdated September 17, 2012, 12:13 p.m. ET.
>> U.S. Balks at GM Plan
>> Government Is Reluctant to Sell Auto Stake at a Huge Loss
>>
>> At GM's Friday share price of $24.14, the U.S. would lose about $15
>> billion on the GM bailout if it sold its entire stake. While GM stock
>> would need to reach $53 a share for the U.S. to break even, Treasury
>> officials would consider selling at a price in the $30s, people familiar
>> with the government's thinking have said.
>
>
> Which is way the Kenyan village idiot should have stayed out of things
> he doesn't understand. We have bankruptcy laws that work just fine for
> allowing businesses to recover. Obama is an ass hat.

And he's got us so deep in debt in 3 years that this nation has had not 
one but TWO credit downgrades:

http://abcnews.go.com/blogs/business/2012/09/moodys-warns-of-us-debt-downgrade/

Lower ratings mean the government may have to pay higher interest rates 
on some of its $16 trillion in debt outstanding.
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