GAO: Full recovery of auto investment unlikely
Treasury officials said they were considering a series of initial public offerings to dispose of the government's 61 percent stake in GM. For Chrysler, a private sale of the government's nearly 10 percent stake is more likely because of the government's minority ownership.
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- News Source: Arizona Daily star | 26 days agoTaxpayers are unlikely to recover their full investment in General Motors Corp. or Chrysler LLC, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two...
- News Source: International Herald Tribune | 26 days agoA government report released Monday concludes that taxpayers will probably never recoup all or even close to all of the $67 billion that the Treasury Department loaned to General Motors and Chrysler in the past year to prevent their collapse.
- News Source: The Examiner | 26 days agoTreasury officials said they were considering a series of initial public offerings to dispose of the government's 61 percent stake in GM. For Chrysler, a private sale of the government's nearly 10 percent stake is more likely because of the...
- News Source: Seattle Times | 27 days agoGovernment investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past." A Government...
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- Blog Source: www.daytradeworld.comGAO: Full recoup of gov't auto investment unlikely. Posted by. Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to “grow ...
- Blog Source: blog.taragana.comGAO: Full recoup of gov't auto investment unlikely.
- Blog Source: www.financialmole.co.ukGAO: Full recoup of government auto investment unlikely. Posted by on Nov 2nd, 2009. Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' ...
- Blog Source: dealbook.blogs.nytimes.comU.S. Unlikely to Recoup Auto Bailouts, G.A.O. Says. November 2, 2009, 6:19 pm. A government report released Monday concludes that taxpayers will probably never recoup all — or even close to all — of the $67 billion that the Treasury Department
- Blog Source: www.matthewyglesias.comBut the GAO also said that Treasury's investments in the two automakers have “contributed to the stability of Chrysler and GM”. Treasury officials told the watchdog that they will consider all options for selling the government's ownership stakes
- Blog Source: pogoblog.typepad.comGao badge For anyone who is worried about taxpayers fully recouping their $80 billion investment in the auto industry, a report released today by the Government Accountability Office (GAO) will hardly be reassuring. ...
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Video Source: www.truveo.com - Video Source: www.truveo.comEx-Auto Task Force Head ...Video Source: www.truveo.comEx-Auto Task Force Head Bullish On GM, Chrysler
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