GM's CEO Rejects Repaying Feds for Bailout Losses

Posted by Unknown on Monday December 16, 2013 @10:03PM from the loan-guarantees-bad-blank-checks-good dept.

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."

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How is this news for nerds ? by Nadir · 2013-12-16 22:12 · Score: 0, Offtopic

As per $SUBJECT. If Slashdot wants to run these stories they should be hidden by default.

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