Thread: GM adds
View Single Post
      04-27-2010, 09:19 PM   #16
TMNT
Captain
 
Drives: 330ci ZHP
Join Date: Jan 2007
Location: VA

Posts: 870
iTrader: (0)

Quote:
Originally Posted by carve View Post
The stock price for a company that is majority-owned by the government will never be that great
What makes you say that? What examples in history can you point to that support your statement because I don't recall of any similar examples.

Citigroup seems to be doing pretty well and when the government sells away its stock, it will make over 7 billion in profits and getting back all 45 billion it loaned.

History has showed that bailouts help more than hurt. Examples are:

Lockheed in 1971 and even the bailout of Penn Railroad in 1970..the first bailout ever by the federal government (if you don't count the bailouts by the pentagon for contractors going back to the 1950s) turned out ok and still operates today.
TMNT is offline  
0
Reply With Quote