The US government is no longer an investor in GM. We taxpayers lost a lot of money.

I’ve always thought that the most horrific part of the bailout was that GM was a publicly traded company (it still is, I’m just using past tense because the bailout happened 4 years ago). This meant that any individual could have purchased GM shares, as the government did, had they wanted to. Buying shares in public companies is VERY EASY. There are probably about 50 companies, easily found on the web, that will get you trading in about a day, for about $5/trade. Thus, the bailout was pure force and cronyism: the government forcing US taxpayers to buy a company for the sole purpose of keeping that company from going out of business.

Force, cronyism, and totally disgusting.

-JD Cross

 

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