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Detailed text transcripts for TV channel - MSNBC - 20121220:08:42:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20121220:08:42:00

$28.7 billion from general motors. david, is this a losing proposition for taxpayers? >> oh, no, not at all. think of the costs if we had allowed general motors to fail, we would have lost literally a million jobs. we would have huge costs for disability, for welfare, for probably crime, with young people who can't find any kind of work. enormous costs. so this was a very cheap bargain. and don't forget, we gave $13 billion to bail out an aig/goldman sachs deal to goldman sachs. and in my book, the fine print, i tell about another $5 billion gift we made to goldman sachs that nobody else has r...

Detailed text transcripts for TV channel - MSNBC - 20121220:04:42:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20121220:04:42:00

Think of the costs if we had allowed general motors to fail, we would have lost literally a million jobs. we would have huge costs for disability, for welfare, for probably crime, with young people who can't find any kind of work. enormous costs. so this was a very cheap bargain. and don't forget, we gave $13 billion to bail out an aig/goldman sachs deal to goldman sachs. and in my book, the fine print, i tell about another $5 billion gift we made to goldman sachs that nobody else has reported on. >> okay. now gm stock had a pretty good day on wall street today. general motors closed at $27.18...