Results for - Gambling with tax dollars: What should the Government do?
In 2009, the Ontario Provincial and Canadian Federal Governments invested $13.7bn in GM stock to help bail out General Motors. Three years later over half the money has been paid back. The remaining shares are valued at around $3.5bn Both levels of Government are looking for cash to try and reduce their deficits. The question is should they cash in these shares now, cut their losses and use the money to shore up their bottom line, or play the long game and bet on the share price rising enough over the next couple of years to cover the entire investment?