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/Taxpayer 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? To hear more tune in. Check out more videos at http://www.edbutowsky.com/
