Treasury announces GM exit strategy; automaker buying 200 million shares from U.S.

[JayhawkSD]

2. Okay, here's some dialog.

Treasury just sold the last of its AIG investment, realizing $22.5 billion profit in the process. So the bailout investment we made in AIG, which is a "Wall street bankster," generated a profit to the taxpayer. That answers your question in part; AIG has repaid the federal government, with a $22.5 billion bonus. AIG gained nothing, because it is no longer in business.

The government is selling shares back to GM now for $27.50 per share, but it needs for those shares to be valued at $53/share to break even on the investment it made to bail out GM, so we will not recoup our money on that deal.

So bailing out AIG turned a profit, while bailing out GM saved jobs and allowed GM to return to making a profit but lost money for taxpayers. You might think that either GM or the workers would want to thank the government for the bailout, but no: GM buys their shares back for a loss to the government, and the workers want tax cuts.