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Gm Bailout

Think Again Hillary Democrats: 10 Reasons Why She Could Lose this Fall

Les Leopold | Posted 03.18.2016 | Politics
Les Leopold

All Democrats should worry because her major policy and character flaws could leave us with a Republican president this fall. Here's why.

Hillary's Wall Street-Friendly Economic Plan Costs Her Michigan

Les Leopold | Posted 03.09.2016 | Politics
Les Leopold

Team Hillary wants to sound tough on corporate bad actors, while providing tax breaks to most of the private sector. She wants to rein in Wall Street's risky behavior, without damaging its financial strip-mining operation.

The Government Lost A Ton Of Money Bailing Out GM

Reuters | Posted 06.30.2014 | Business

(Adds Treasury Department comment, paragraph 6) By Eric Beech WASHINGTON (Reuters) - The U.S. government lost $11.2 bil...

So Much for the Great GM Bailout

Ben Hallman | Posted 06.02.2014 | Business
Ben Hallman

But what kind of company did the government save? One that waited a decade to recall millions of cars with a lethal defect that would shut down engines without warning. One that chose not to replace the defective part, an ignition switch, when it was first detected. It would have cost less than $1 a car to do so.The automaker, of course, isn't the only big company facing criticism for its actions before or after a government bailout. JPMorgan Chase, Bank of America and Wells Fargo have been accused in multiple federal lawsuits of lying about mortgage investments they knew were lousy in order to boost profits. Foreclosure abuses associated with the mortgage servicing arms of these companies have led to tens of billions of dollars of legal settlements.

Saving GM Was a Great Investment

David Kiley | Posted 02.10.2014 | Detroit
David Kiley

Now, that the U.S. Treasury has exited its partial ownership of General Motors, the bill to the tax-payer is reported to be $10.5 billion. Libertarians and many a Tea party Republican decry the bill. But are we forgetting the $24 billion the Republican led government shutdown cost the economy?

Bailed-Out Automaker Denies Damning Accusations

Reuters | Posted 04.28.2013 | Business

* Disputes reports saying automaker requested pay increase * Says requested $9 mln pay package, not $11.1 mln * GM says ...

Major Lawsuit Could Undo Some Of Bailout

Reuters | Posted 03.05.2013 | Business

By Tom Hals Jan 3 (Reuters) - A U.S. bankruptcy judge could soon rule on whether the 2009 government-led restructuring of General Moto...

The Cost To Taxpayers Of Saving An American Icon: $12 Billion

The Huffington Post | Mark Gongloff | Posted 12.20.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

All Bankruptcies Are Not Created Equal

Jacob Adlerstein | Posted 12.19.2012 | Business
Jacob Adlerstein

Regardless of your view on who got it right, it is unquestionable that the candidates would have steered GM and Chrysler down dramatically different paths.

U.S. Auto Bailout Will Cost BILLIONS More Than Previously Thought

Reuters | Posted 10.13.2012 | Business

WASHINGTON, Aug 13 (Reuters) - The U.S. Treasury Department has said the auto industry bailout will cost taxpayers $3.4 billion more than previously...

GM Chief Says Romney Had 'Short-Sighted' View On Auto Bailout

The Huffington Post | Dave Jamieson | Posted 05.14.2012 | Politics

Speaking Monday on "CBS This Morning," General Motors CEO Dan Akerson said that presumptive GOP presidential nominee Mitt Romney's stance against the ...

Auto Industry Turn-Around Is a Two-Party Success

Ken Blackwell | Posted 04.24.2012 | Politics
Ken Blackwell

This auto industry recovery is an example of both parties working together to help save a national treasure in our auto industry and preserve jobs in industries that depend on auto manufacturing.

Seven And A Half Things To Know: The Totally Successful Bailout Mitt Romney Hates

The Huffington Post | Mark Gongloff | Posted 02.16.2012 | Business

It takes two to make a thing go right. It takes two to make it outta sight. But it takes seven and a half things to know what you need to know today. ...

Despite Newfound Profits, GM Faces Trouble With Shareholders

AOL Autos | David Kiley | Posted 08.07.2011 | Business

The new General Motors today is holding its first shareholders meeting since emerging from bankruptcy in 2009 and issuing shares to the public last No...

Marcus Baram

The Wake-Up Call: Car Accident Victims Left Behind In Huge Bailouts Of GM, Chrysler

HuffingtonPost.com | Marcus Baram | Posted 07.27.2011 | Business

• Thousands of car accident victims were left behind by the massive government bailouts of GM and Chrysler. The $50 billion rescue of GM and the res...

U.S. Cut Wall Street's Windfall On GM IPO -- But Taxpayers Haven't Broken Even Yet

bloomberg.com | Rebecca Christie and Ian Katz | Posted 05.25.2011 | Business

Nov. 26 (Bloomberg) -- Want to underwrite one of the largest initial public offerings in history? Chop your usual fee by three-fourths and commit to l...

Government Workers Are the New Illegal Aliens

Tina Dupuy | Posted 05.25.2011 | Business
Tina Dupuy

Government workers are the new group treated like parasites on the system; their jobs are illegitimate and disposable. Better to stick with the empty and symbolic than tackle the difficult.

James Surowiecki: The Great Recession Has 'Crippled' Unions

The New Yorker | James Surowiecki | Posted 05.25.2011 | Business

In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the pass...

Government Said To Sell 'Relatively Small' Portion Of GM Stake

nytimes.com | NICK BUNKLEY and MICHAEL J. De La MERCED | Posted 05.25.2011 | Business

DETROIT -- The initial public stock offering by General Motors will be smaller than previously suggested, and the federal government will most likely ...

GM IPO Ranks As The Biggest In U.S. History

Posted 05.25.2011 | Business

NEW YORK (By Clare Baldwin and Soyoung Kim) - NEW YORK (Reuters) -General Motors Co shares gained as much as 9 percent on Thursday as investors bet th...

5 Reasons To Avoid Buying GM's IPO

Posted 05.25.2011 | Business

DETROIT (BY, SHARON SILKE CARTY) -- General Motors executives are playing up three bright spots in the company's future as they try to persuade invest...

White House Reportedly Calling The Shots On GM IPO

Posted 05.25.2011 | Business

NEW YORK/DETROIT (Reuters, By Clare Baldwin, Soyoung Kim and Kevin Krolicki) - Steve Girsky remembers sitting at his kitchen table in New York on the ...

GM Reportedly On Track For Mid-November IPO

CNBC | Posted 05.25.2011 | Business

General Motors is on track to move ahead with its initial public offering during the week of Nov. 15 after a recent round of meetings with sovereign w...

GM Bailout: Can American Taxpayers Get A Return On Their Investment?

DailyFinance | PETER COHAN | Posted 05.25.2011 | Business

There's still a chance that the U.S. could get back the money it invested in saving General Motors from collapse during the recent financial crisis, b...

GM's Massive IPO: Are You Buying It?

Posted 05.25.2011 | Business

DETROIT (AP) - Thirteen months ago, General Motors was fighting for its life in bankruptcy court. Now, the automaker is laying the groundwork to sell ...