“President Obama ‘saved the auto industry’ just enough to win Ohio and Michigan on Election Day, but his win means an initial $5 billion loss for taxpayers with the news announced this week that the Treasury Department plans to sell its remaining stake in ‘Government Motors’ back to GM.
“However, that $5 billion loss is only for the stock Treasury will sell by the end of this year. It is estimated that when Treasury sells GM back all its remaining stock in 2013 or 2014 the net loss to taxpayers will be $10 billion to $12 billion.”
http://pjmedia.com/tatler/2012/12/20/photo-caption-contest-treasury-department-officially-announces-taxpayers-will-lose-billions-on-gm-bailout/
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