For years, the US Government has been in the business of picking winners and losers, and boy did they pick a loser in GM. The newest data on the auto bailout of ’09 is in and US taxpayers got a lemon of a deal, lending almost $50b to GM and losing almost $10b in the deal. But hey, it’s mostly China’s money, right?
Links
-> U.S. reports $9.7 billion loss on General Motors bailout
-> Made in American, Owned By China
-> Amazon’s Secret to Success: The ‘Two Pizza Rule’
-> Things To Know Before the Opening Bell
-> 3 Essential Ways to Improve Your Website
-> Who’s Buying Ice Cream and Condoms?
