In 2009, faced with the possible collapse of the auto industry, President Obama took action and…
Leading Edge Boomer
111

There is so much more damage done than you know. For example, private bond holders were given about .7 cents on the dollar, lean holders (investors who held titles to hard assesses on outstanding debts for GM had those titles confiscated by Obama and handed back to GM for .20 cents on the dollar and debtors who did not have secured loans got less than .5 cents on the dollar.

Billions of dollars in losses.

So what do you think all these companies and private investors did after taking those losses?

Billions of dollars in tax credits, not a few million, Billions. And that is only one part of the bad side of that deal.