Featured U.S. Govt' Dumps G.M. Stock

But overall they turned a profit.

And whether Mulally thought GM and Chrysler -- his biggest competitors -- ought to be bailed out or not, one has to wonder why he didn't think it was a good idea for Ford? He instead arranged bank financing and a fresh stock offering to raise the money Ford needed. And as a result, his brand rises to the top of the heap among automakers? Do you see some gamesmanship there, CTB?[/quote]

Because the supply chain, on which they all depend, would have been destroyed and then Ford could not have bought what it needed to manufacture cars. Sometimes in a Capitalistic system a company has to look out for its competitors to avoid hurting itself.

 

Unlike the jobs thread the other day, where I proved to you that monthly stats can show a net gain against an overall loss, it doesn't work that way with finances. You either make, or lose money. We lost money.

As I said earlier in the thread, prove your post, or shut up. And of course, you and I both know you can't prove your post.

 

On GM, yes money was lost. Overall, however, money was made.

Yes, Potty Mouth, the proof is in the figures. You simply will not accept the figures or are not knowledgeable enough to realize you are wrong.

Let's make it simply with an example.

I buy issues of stock from two companies, i.e. A and B

I sell both companies.

On company A I make 100.00 profit.
On company B I lose 90.00 a loss

Overall I make 10.00.

That is what happened in the bailout. Lose some, win some but overall made more than lost. That is a profit on the overall total.

If you do not understand that, please do not invest in the market.

 

Prove it. Your "example" isn't proof, it's hyperbole, because this is not what happened in the bailout.

 

It was in an earlier post.

From another source with the word "profit" in the article.

432.7 billion recovered
421.8 billion disbursed ... loaned or invested.
_____________________________

10.9 billion positive difference or profit.

 

What you are doing in this thread is much like trying to tell a hair raising story to a bald man.

 

Being disruptive again I see and adding nothing rational or informative to the discussion.

Regardless, I have shown, proven that overall the bailout turned a profit ... much as you hate the idea and will never admit that fact.

 

More like trying to throw the runoff from a glacier back up the mountain, hoping it will refreeze. :laugh:

You really crack me up! You ought to be a stand up comic, presenting gobbledy-gook like this and passing it off as factual, all the while with straight face. How do you do that?

Read it and weep, junior.

Bailout Tracker: Tracking Every Dollar and Every Recipient​

That doesn't include the $10.5 billion we just lost in the GM stock sell-off. Just as Special IG Christy Romero reported in October, in the latest quarterly report, which you can read [URL="http://www.sigtarp.gov/Quarterly%20Reports/October_29_2013_Report_to_Congress.pdf]here[/URL].

 

You do not understand the information on the link you provided. It is a very interesting link ... but does not tell the complete story. There are a number of companies/banks/etc. on the list that have not been closed out. So we do not have a final reckoning yet.

 

Ms. Romero's report says the exact same thing, so how are you going to contradict that? We're over $40 billion in the hole and you irrationally try to dismiss it as "not the whole story" and additionally and falsely claim we've "made" $10 billion from TARP? You're truly a dedicated Great Pretender zealot, aren't you? Anything he or his staff says is gospel, everything else is "spin." Wow, takes real dedication to totally dismiss truth in favor of propaganda.

You keep looking at the world through those socialist-issued rose-colored glasses, and you're gonna need eye surgery to uncross them.

 

Maybe not, but he sure did nail your posts!!!! :laugh::laugh:

 

No, he only showed his ignorance. He has done that often. Seems you are joining him on this one. Where is your rational contribution to the discussion?

The bailout is showing a profit on the positions closed. Add all the positives and subtract the negatives and you have a profit.

What the final number will be when all the positions are closed will be shown in the future. Will there be a profit or a loss ... no one knows yet.

 

Taking all the closed positions we are showing a profit. I hope there is a profit after all the positions are closed out. Time will tell.

This has nothing to do with Socialism, it has to do with profits and losses. It appears you really do not understand Socialism any better than you seem to understand Capitalism.

 

You claim to be an investor and you don't even realize that you can't do accurate or truthful bookkeeping by ignoring open accounts that are showing a deficit???

Wow. That's ... wow.

 

That's accurate. He's not ignoring them, he's simply saying their ultimate disposition has not yet been determined.

If I own a stock that is currently showing a loss and I don't sell it, I haven't lost any money yet, have I?

Similarly, if I own a stock that is showing a gain and I don't sell it, I haven't made any money yet, have I?

 

Wrong analogy. GM is the only company in which we owned stock, and we've sold it at a loss. He has dragged TARP into this, which isn't what the thread is about, but he doesn't understand that, either. TARP funds were to be paid back. Though a great deal of TARP funds have been repaid, we are carrying a $30.5 billion debt against the original stimulus. Read post # 28 to confirm that. CTB isn't being honest, either about GM or about TARP, and is now making statements that appear to indicate he knows nothing about finance, either, which is pretty strange given he claims to be a serious investor.

 

I have said that the gov. lost money on GM. But that is not the entire story. Remember there are positions still open that may add to the profit, or result in an overall loss. Only time will tell.

And, you are quite wrong in saying that only GM stock was bought. I am not sure why the selected now to sell. The charts indicate the GM still has upward momentum.

GM was part of TARP.

Other info. on TARP profits:

 

There is no real profit or loss until the position is closed. There may be a paper loss just as there may be a paper gain. Only time will tell the end result.

On your income tax return you do not have to report open positions as there is no meaningful figure indicating either a profit or a loss that is real.

I keep records on open positions and other records on closed positions. Thus, I always know where I stand in real dollars and in paper profits or losses.

The Wall Street Journal Blog had the headline Government Turns Bailout Profit Despite GM Loss

 

Can be read here:

http://blogs.wsj.com/washwire/2013/11/21/government-turns-bailout-profit-despite-gm-loss/

 

And it's a blog, not a news report. Also, how is it you two don't understand that the Special Inspector General overseeing TARP reports a loss through the last quarter, and not one of the companies she reports owing money as of October 29 has closed out their "account"? I provided you -- and everyone else -- the link. Go argue with her assessment, and stop trying to circumvent her authority with Great Pretender apologists.

Sheez.