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MarketFoolery

MarketFoolery: 11.21.2013

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 21 November 2013

⏱️ 21 minutes

🧾️ Download transcript

Summary

Uncle Sam will sell its remaining shares of General Motors. Should investors jump in? Plus we analyze JP Morgan Chase’s $13 billion settlement and the mysterious world of Bitcoin.

Transcript

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0:00.0

It's Thursday, November 21st.

0:04.7

Welcome to Market Forward.

0:05.8

I'm Chris Hill joining me in studio today from fool.com, Matt Kopenheffer, and David

0:10.0

Hanson.

0:10.7

Thanks for being here guys.

0:11.6

Hey, Thursday, Chris. Happy Thursday. I say from

0:13.8

fool.com, increasingly I feel like I should say from where the money is, the hit

0:18.8

podcast on iTunes, on Stitcher, on Swell. And if you're not listening to it, you should be.

0:25.0

We're going to...

0:27.0

There are companies, there are retail companies reporting earnings this morning.

0:30.0

We're not going to get into that.

0:31.0

We will get into that on the Motley

0:32.9

Full Money radio show so check that out this weekend because we will definitely

0:36.0

be talking about holiday retail but we're going to talk about the j.

0:39.6

Morgan settlement we're going to talk about the mysterious world of Bitcoin, but we're going to start with General Motors.

0:45.0

Shares of GM up this morning. The U.S. Treasury Department has said it will sell its remaining shares of GM by the end of the year.

0:54.0

This is all stemming from the 2009 bailout and all told

0:58.0

it appears that Uncle Sam and by Uncle Sam I mean we the taxpayers will recoup.

1:03.6

The number I saw, Matt, was $39.6 billion worth pointing out

1:07.8

that the actual bailout was $49.5 billion.

1:10.8

So we're going to, we're going to have a shortfall of $10 billion.

1:13.2

We're going to have a shortfall of $10 billion, but all told for the entire TARP program

...

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