`2 Ed Butowsky: GM Posts Biggest Profits, Did Bailout Succeed?

Ed Butowsky: GM Posts Biggest Profits, Did Bailout Succeed?

on Aug 15, 2010 in Fox News, FrontPage, Media Center by Ed Butowsky | No Comments »

Ed Butowsky, Managing Partner of Chapwood Investments Management, joins Fox News to discuss GM’s taxpayer pay back. GM posted its best quarterly profits in 6 years in the amount of $1.3 Billion. As the headlines show GM paying back its bailout money can we call this government bailout a success? Ed Butowsky explains that the US Government and taxpayers own 60% of GM. Given the amount of money used to bail them out, GM has only paid back 13% of the money borrowed. The public needs to read beyond the headlines before we can call this a success. The market perception has changed over the last couple of quarters. GM has managed to raise $2.8 billion in cash in this quarter alone, but what does this mean to investors when GM starts selling stock again to the public?


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About Ed

Ed Butowsky is a nationally-recognized expert in investment management. Butowsky has been in the financial services industry for over 25 years. He was previously a Senior Vice President at Morgan Stanley and a Managing Director ... More »

Contact

Ed Butowsky, Managing Partner
Chapwood Capital Investment Management, LLC
Website: www.chapwoodinvestments.com
Email: ed@chapwoodinvestments.com
Phone: (972) 865-2225
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