Monday, August 06, 2012
"GM Stock Hits New Lows, Company in Turmoil"
Perhaps you are surprised by this. I am not.
General Motors should have filed bankruptcy without government intervention, shared the consequences with their unions, and moved on, without jeopardizing taxpayer money...
General Motors should have filed bankruptcy without government intervention, shared the consequences with their unions, and moved on, without jeopardizing taxpayer money...
Ben Shapiro has some details at Breitbart.com:
"In June 2009, GM filed for Obama-managed bankruptcy, costing the taxpayer some $50 billion. The vast majority of that cash was never paid back by GM. In November 2010, GM issued a new initial public offering at a price of $33 per share. Today, GM stock is trading at approximately $19.36, down about 40% from its initial price. And the executive turmoil in the company is reaching fever pitch."
