that "great" GM bailout liberal writers are raving about....

[Cancel 2016.2]

http://www.theatlantic.com/business/archive/2011/05/gms-bailout-has-been-a-huge-net-loss/238795/

About $40 billion of the money that the government gave GM was converted to GM common stock. In the November IPO, the government made about $20 billion selling 478 million shares, leaving us with around $20 billion more to recoup on our remaining 26.5% stake in the company. That means we need to sell the approximately 365 million shares we have left at about $55 per share, net of underwriting and legal costs. At the current share price of $31, we'd be left with a loss somewhere north of $9 billion--plus the $1 billion we gave the "old GM" to wind things up...

for those who have contended in the past that GM has 'paid us back' the above is the reality at this point...

 

[zappasguitar]

http://www.theatlantic.com/business/archive/2011/05/gms-bailout-has-been-a-huge-net-loss/238795/



for those who have contended in the past that GM has 'paid us back' the above is the reality at this point...

Just require GM to buy back the remaining shares at the "break even price".

Doesn't seem so complicated to me...

 

[Rune]

Did the fat lady sing yet? I didn't think so.