Sunday, May 31, 2009

GM Bankruptcy By Morning

Seems like a good time to review the wise investments by the TARP. Somehow, I get to share in the losses, but I never was able to participate in the gains. I never even wanted to get involved.

New CarCo is the new Chrysler acquisition vehicle.

Total = $55.80 billion

I'm not done yet: add another $30 billion in GM bankruptcy funding provided by the Federal Government.

60% of GM in return for the taxpayers. How 'bout eliminating the Federal Income Tax and let me decide how I want to set my money on fire.

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