Quote:
Originally Posted by Blaster86
Yep. Truthfully, they also probably made money on the deal. The question at hand is, why did they choose now to cash them in. Was GM stock as high as it's going to get and now made the most sense and it just happened to line up with the election; was there a specific plan this money has been earmarked for; or (and this is the one Liberals and NDP are going to point too unless the Cons make a compelling argument) are they just fudging the numbers and cashing these in now despite it not being a good time and having no real plan for the money.
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According to this article they lost $3.5-billion on the deal. Some of the comments from the article indicate that it was not a good time to sell.
http://www.theglobeandmail.com/repor...ticle23828543/