Academic

MICKEY KAUS: ?I like Larry Summers, but does he really think GM repaying $6.7 of the over $50 billi?

By Glenn Reynolds

MICKEY KAUS: “I like Larry Summers, but does he really think GM repaying $6.7 of the over $50 billion the taxpayers have sunk into it means there is a significant chance for ‘a return of most of the taxpayers’ investment in these companies’? The $6.7 billion ‘payback’ seems like an obvious PR move designed to disguise GM’s ongoing trouble, even as the Obama administration moves to sell its stake for a gigantic loss.”

Full post as published by Instapundit.com on April 23, 2010 (boomark / email).