Home » Behavioural Investing » $GM burns US tax payer for Ten Billion. Just what did America get for this?

$GM burns US tax payer for Ten Billion. Just what did America get for this?

General Motors (NYSE:GM) will finally shed the US Federal Government as a shareholder. The market expects Uncle Sam will take a haircut of $10 Billion. Roughly the cost of a small cheap aircraft carrier.

Assuming a population of 230 million that’s $43,478 per man women and child within the public debt which needs to be repaid eventually.

God Bless America. But the devil controls the treasury.

George Gutowski writes from a caveat emptor perspective.

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