Why did the GAO: Full Recoup of Government Investment in GM, Chrysler Unlikely?

GAO: Full Recoup of Government Investment in GM, Chrysler Unlikely





Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past."





A Government Accountability Office report released Monday is the latest review to cast doubt on the likelihood that taxpayers will fully recoup more than $80 billion invested in the two U.S. automakers.





Moral of the story: don't bail out company's.





http://www.foxnews.com/politics/2009/11/鈥?/a>|||No surprises here. This is what happens when you invest in a business that already proved worthless. Nobody would have paid as much as we did for such a bad investment.|||GM is already asking for more ! Obama has to keep the unions paid !