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The heavily criticized auto bailout was precisely this way and actually turned a profit once the government sold its stake. This is different and I can’t imagin
by vlovich123 1y ago
The heavily criticized auto bailout was precisely this way and actually turned a profit once the government sold its stake. This is different and I can’t imagine the government will ever sell its stake.
- pfannkuchen 1y agoDid it turn a real profit or a nominal profit, I wonder? I remember hearing a brrrr sound around that time.
- vlovich123 1y agoI was wrong. The $80B TARP program lost quite a bit of money on GM. The program overall lost $9B while saving millions of jobs and stabilizing the economy. But it still took a share in companies that participated in TARP which is why some payed back the loan instead of letting it convert into ownership shares if I recall correctly.