Mar 30, 2014
Respectfully, you are wrong about GM. GM has paid back all of the loans from the federal government. When Obama took ownership of GM, it was his fiduciary responsibility to make the taxpayers whole. He did not and sold all the government owned GM stock prematurely, effectively losing $10 million in the stock market. That is not GM's fault. That is the Obama administration. Remember, GM never wanted a bankruptcy, and really never needed a bankruptcy, except after the financial collapse, the only creditor available was the federal government. Obama took that opportunity to put GM through a VERY political bankruptcy, resulting in what you described in your whiteboard to me.