Is to stiff the taxpayers. Not to mention the bondholders. As Todd Spangler of the Detroit Free Press reports:
The General Motors bailout may have cost the government $10 billion, but GM CEO Dan Akerson rejects any suggestion that the company should compensate for the losses.
The way the CEO – who has his job, by the way, courtesy of taxpayers – sees it, “Treasury officials took the same risk assumed by anyone who purchases stock.”
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
