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treasury

Hey That $30 Billion Loss is Really Good News

Hey That $30 Billion Loss is Really Good News

By Jeff Nolan on December 9, 2009

Here we have it, straight from Tim “Turbo Tax” Geithner’s staff:

“The real news is the projected loss came down to $30 billion from $44 billion,” Sperling said, noting that auto sales have improved ahead of what many analysts had forecast. The administration still holds out hope that if things improve, the administration could […]

Posted in Business | Tagged bailout, gm, treasury, uaw

Three Card Monty at GM

Three Card Monty at GM

By Jeff Nolan on November 17, 2009

I read this and shook my head in amazement at the limited financial acumen of reporters covering business.

General Motors, encouraged by its improving financial situation, could repay all of its $6.7 billion in loans from U.S. taxpayers by the end of next June, the company’s top executive said Monday.[From With $42B, GM moves […]

Posted in Business, Featured Posts | Tagged auto industry, bailout, bankruptcy, Canada, debt, detroit, GeneralMotors, gm, treasury, VEBA trust

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