From THE HILL:
The big companies the government owned stakes in are all emerging from the financial crisis looking as if they will live on, and the Treasury Department could still earn a profit on much of its investment.
Treasury has earned $12 billion on the Citigroup bailout, and might have made a profit off its stake in General Motors if it had waited to sell more of its shares until after the company’s stock price rose. Reports indicate the government may even make a profit off its stake in AIG as it sells its shares over the next few years….
Chrysler made a $569 million net profit last year and has $10 billion in hand. It is adding jobs in the U.S. and slowly countering impressions in Washington and elsewhere that it can’t survive…
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