GM's CEO Rejects Repaying Feds for Bailout Losses

PolygamousRanchKid writes with news that GM's outgoing CEO doesn't agree with the National Law and Policy Center's call for GM to repay the loss made by the Treasury from their bailout. From the article: "GM CEO Dan Akerson rejects any suggestion that the company should compensate for the losses. He says Treasury officials took the same risk assumed by anyone who purchases stock. Akerson said that GM repaid all the debt issued by the government beginning in December 2008 when George W. Bush was still president and extending into the first year of Barack Obama's presidency. He added that it was the Treasury's decision ... to take an ownership stake in the form of company shares."

Comments

Unless they were bonds

[msobkow]

Unless they were bonds, suck it up. The stock market is a gamble, not a GIC or Treasury Certificate.

I'm long past tired of "investors" suing for their losses. You want to gamble with your money, you take the risk of losing it.

If you don't like the risk, buy bonds or deposit your money in a bank for their paltry returns.