Posted 11/8/2012 20:57 (#2686544 - in reply to #2686287) Subject: RE: No more GM or Chrysler for me...
Hagen Brothers farms,Goodrich ND
lars-PA - 11/9/2012 17:54
If it makes you feel any better GM paid back its loan in June 2010. The US government still owns over $45 billion in preferred and common stock, which it can sell at any time.
Edit. I just saw that Ford still owes about $6 billion.
Overall it looks like the bailout will cost the US about $25 billion.
"The US government still owns over $45 billion in preferred and common stock, which it can sell at any time."
Yes, but GM stock is selling for less than 1/2 what it would have to be for the US government (AKA taxpayers)to break even($52.80 per share. It’s currently trading around $21.), so selling it right now is not much of an option.
No more GM or Chrysler for me...
