Another Look at Real Estate Investments – Economic Focus

ECONOMIC FOCUS

It has been five years since GMC filed for Chapter 11 reorganization (bankruptcy) in 2009. The U.S. government stepped in to the tune of a $49.5B float. In the final analysis it cost U.S. taxpayers $11.2B, that’s us.

From that date through May of 2014 GMC made over $22.6B and they just posted their biggest profit margin in their 107-year-history.

It is downright amazing what one can do when a third party steps in and relieves you of your debts and provides fresh working capital.

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