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$49B, 61% of GM, and No Profits in Sight

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Uploaded by on Oct 28, 2009

Speaking about the $49 billion that the government has loaned to GM. The taxpayer owned GM has seen a 50% loss while the privately owned Ford has only seen a 6% loss in the same time period.

With the taxpayer now owning 61% of the company, how much should we expect to lose? With no details about the bridge loan to nowhere, transparency is needed.

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