It looks like the government is going to make money on the GM bailout after all.

[Dinner]

Provided they can get at least $25 per share for GMAC (which is the low end of the current estimate) and anything over $25 per share equals a profit. So not only did we save the domestic auto industry but we at least broke even and might make money off of it. Take that Mitt Romney.

The U.S. Wants To Unload Its Last Auto Asset Expand
When GM went under it jettisoned Ally Financial (formerly GMAC), including handing a giant chunk of it over to the United States Treasury. For various reasons, the Treasury doesn't like owning large corporations so it's in the process of offloading most of its 177.3 million shares of the auto lender.
As David Shepardson reports, the Treasury put about $17.2 billion into the company and has already received $15.3 billion from sales of its stocks. In order to recoup the rest they're going to launch an IPO.
Back-of-the-napkin math says if they get their low-end $25 share price the Government could recoup the rest.

http://jalopnik.com/the-car-is-the-one-place-where-google-and-apple-need-bl-1552737938

[ZEE]

Even though nobodies Poasted here yet, I want to thank Oerdin for giving me an oPPortunity to one-star an Oerdin-Thrade™. It is what gives me the strength to cKarry on with my day!

[Al B. Sure!]

Even if the government made money off of it, government bailouts are still bad practice.

[Dinner]

Not in this specific case. There was no private lender as markets where seized up and not functioning at the time due to one of the worst economic situations in the country's history. So not only did decisive action save a huge slice of American manufacturing jobs but the government will also make money off its good work. It was win-win.

[Kidlicious]

For once government did something right. Good point. Now what are we going to do about the Obamacare mess?

[Buster Crabbe's Uncle]

Start with voting for someone qualified next time.

[Dinner]

For once government did something right. Good point. Now what are we going to do about the Obamacare mess?

It's not even remotely a mess and, in fact, is working well. I know that makes the righties sad but it is still true. Now, single payer would have been better but this is still a better deal for the vast, vast majority of the people.

[Berzerker]

not a good time to be talking up GM

[Kidlicious]

It's not even remotely a mess and, in fact, is working well. I know that makes the righties sad but it is still true. Now, single payer would have been better but this is still a better deal for the vast, vast majority of the people.

The French system, which is the closest thing, is going bankrupt. Obamacare is going to be an even worse mess than that because nothing was done about high medical school costs. You might try listening to something other than NPR.

[hadee41]

Govt need the money to run a system. So, it is making money from different ways.

[DinoDoc]

not a good time to be talking up GM

How many deaths are linked to this recall so far?