The Treasury Department announced Wednesday it will sell its remaining shares of Detroit-based automaker General Motors and the result will be a loss for taxpayers in the billions of dollars, Politico reports.
A French car manufacturer that is partially owned by the taxpayer-funded General Motors Company (GM) claims to have ceased its longtime business dealings with Iran, though experts have cast doubts on this claim.
The U.S. Treasury Department announced Tuesday it had sold its remaining shares of American International Group Inc. (AIG), ending the largest government bailout of the 2008 financial crisis.
The United States ranked 18th in a recent study on worldwide economic freedom, falling behind countries such as Finland, Chile, Mauritius, and Qatar.
A bailed out General Motors expanded its small truck and SUV manufacturing in China soon after closing down similar facilities in Janesville, Wisconsin—the plant Barack Obama pledged to save and keep open for “another hundred years” in 2008.
General Motors’ financial arm is finally turning a profit since receiving a $17.2 billion cash infusion from the American taxpayer. But the money is going into the pockets of wealthy financers, not the U.S. government, according to Dealbook.
Liberal billionaire George Soros bought a $40 million stake in British soccer powerhouse Manchester United less than one month after General Motors entered into a $600 million endorsement deal.
General Motors is attempting to buyout part of America’s worst performing bailout recipient, Ally Bank.
National Security Adviser Tom Donilon collected more than $148,000 in pension payments from bailed out mortgage giant Fannie Mae in 2011, on top of his White House salary of $172,200, according to a Free Beacon analysis of White House personal financial disclosure forms.
A recent blog post authored by an employee of the left-wing Center for American Progress Action Fund and touted by the Obama campaign and media sympathizers is under fire from center-right experts, who charge that the post is flawed and misleading.