GM Bailout Looking Better: Government To Sell Three-Quarters Of Its Shares
Forthcoming stock sale will help the company reimburse taxpayers for saving it.
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Forthcoming stock sale will help the company reimburse taxpayers for saving it.
Posted by
James Rowen
at
8:16 PM
4 comments:
You might want to check your math Rowen.
As the article points out, the Feds need to have a $44/share price to break even.
So this stock sale means we are at best losing $5.25 Billion dollars, $6.05 if they increase the offering even more.
Not sure what loods so good about that - maybe I need to borrow your rose colored glasses.
Leave it to Rowen and the Dems to spin losing $6 Billion as a win.
My bad - according to media reports today it is actually going to be
a $9 Billion loss on the stock sale.
Way to go Obama!
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