Diary

GM and Chrysler investment breakdown

The Chrysler Breakdown:

The following article in the Wall Street Journal has some very interesting points:

http://online.wsj.com/article/SB124087751929461535.html#printMode

UAW will own 55%

Fiat will own 35%

US Taxpayers 10%

GM Breakdown:

The following article in the national review has more interesting information:

http://corner.nationalreview.com/post/?q=N2U2YTYyZTdhODc4NTEzMjcyYWJmNWExYzcwYTlmNmM=

UAW will get 40% of stock for their $10B

bondholders will get 10% of stock for their $27B

US Taxpayers will end up with the remaining 50% of common stock

I am not sure of the math being applied here, but when it comes time for me to begin paying more taxes, will that money suddenly appear from nowhere?  These numbers appear to consistently changing.