For the taxpayers' sake, in GM, just to break even, the new General Motors will have to get up to a market capitalization of about $70 billion.
Jim Bunning: “For the taxpayers' sake, in GM, just to break even, the new General Motors will have to get up to a market…”
Editor's note · Context
Bunning discusses the financial challenges facing General Motors post-bankruptcy.
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It seems impossible and outrageous that it took 8 years from the time that possible fraud was identified before the SEC spent any energy on enforcing the law.
if the Congress does it that way, you are absolutely correct that this program will fall into an abyss and never pay for itself, and the Government will be on the hook for more than the 18 plus billion dollars it presently is.
Let me get one thing straight. You are the Inspector General for the SEC, correct?
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