Fox reported today (10/22/09) that $49.5 Billion of taxpayer money is now worth about $25 Billion. "Rattner: Government likely to write off billions invested in GM."
In looking for a link to corroborate the statement on Fox, I found this from today 10/22/09 on WSJ. Not the same #s as on Fox, but I don't have time to find their source:
"Poof! Government Has Already Lost $20 Billion On GM Investment"
"Rattner said there’s “a good chance” the United States can recover the $30 billion invested in GM by the Obama administration earlier this year. But of the other roughly $20 billion previously lent to GM in the wanning days of the Bush Administration in 2008, he said, “I don’t think we are going to see [it] again.”
http://blogs.wsj.com/deals/2009/10/...0-billion-on-gm-investment-says-ex-auto-czar/
In looking for a link to corroborate the statement on Fox, I found this from today 10/22/09 on WSJ. Not the same #s as on Fox, but I don't have time to find their source:
"Poof! Government Has Already Lost $20 Billion On GM Investment"
"Rattner said there’s “a good chance” the United States can recover the $30 billion invested in GM by the Obama administration earlier this year. But of the other roughly $20 billion previously lent to GM in the wanning days of the Bush Administration in 2008, he said, “I don’t think we are going to see [it] again.”
http://blogs.wsj.com/deals/2009/10/...0-billion-on-gm-investment-says-ex-auto-czar/
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