Your gene’s are certainly dancing it you think a 5 billion dollar loss is big money in an economy as large as ours. Where were you in 07 and 08 Gene? Let me give you an example of big money.by contrast Obama from Jan 2009 - July 2012 (43 months)
HAD AN AVERAGE NET LOSS OF 39,554 JOBS per month every month!
"led the way toward ending America's addiction to oil by promoting renewable energy."
These Green Renewable energy programs that Obama Championed have gone BANKRUPT and lost the following amounts of Tax Dollars ;
Thats Like 5.4 BILLION of our Dollars LOST; I would not hail that as a Great Feat of Leadership,
It is just Economic Stupidity(at our expense)
Filing date: 9/15/08
Coming up on the three-year anniversary of its filing, Lehman’s best U.S. assets are now part of Barclays Capital, while Nomura also snapped up some of its businesses and BlackRock wound up acquiring its iShares ETF unit. Its collapse was the largest corporate bankruptcy in U.S. history.
Filing date: 09/26/08
The largest bank failure in U.S. history, WaMu’s $188 billion in deposits were seized by the FDIC, which sold all the company’s assets and liabilities to JPMorgan Chase for just $1.9 billion.
Filing date: 06/01/09
Kept alive thanks to government bailout loans, the automaker left its worst assets with “Old GM” and returned to the public markets with a November 2010 offering. Treasury Department still owns 32% stake.
Filing date: 11/01/09
Back on the market in a cleaner form after a prepackaged bankruptcy, now under the leadership of former Merrill Lynch and NYSE CEO John Thain. Still restructuring in an effort to cleanse balance sheet of bad loans and lower its cost of capital.
There’s about 25 companies there everyone with assets over 5 billion.