Steven Rattner, former head of President Barack Obama's auto industry bailout may crew, now has some thoughts about both General Motors and Chrysler rescue.
Rattner, defender of the most vocal critics most bailouts to Detroit and GM and Chrysler CEO wither he was ousted, really admit misgivings, even a bit of buyer's remorse about some of the team's decision?
His reflections are contained in the epilogue to his book "repair: Insider accounts of the Obama administration's bailout of the auto industry," is now available in paperback.
In the epilogue, she reflects on the events at GM and Chrysler because the first hardcover book published in mid-2010. Rattner will explain further on after and the legacy of the auto bailouts when he talks, December 15, Detroit Economic Club. I will be the moderator for that event.
On the plus side, Rattner tallies all the money the Government poured into the GM, Chrysler and GMAC rescue (now Ally financial), total $ 82 billion–and projects that taxpayers stand to close up to 72 billion. Forecast based on GM that's a little rosy assessment of stock at this time, but still, why quibble over a few billion?