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...