Thursday, December 20, 2012

Taxpayers To Lose 61 Percent, $15 Billion, On GM Bailout, At Current Prices

Posted by Milton Recht:

From "GM Bailout Will Cost Taxpayers Billions" by Investor's Business Daily:
...GM on Wednesday said it will buy back the 200 million share government stake for $5.5 billion, or $27.50 a share.

The break-even point on the government's total holdings was $53 a share. But now, with $20.9 billion in taxpayer funds left to pay off from 300 million shares, the break-even point has risen to $69.72 a share.

In other words, at current prices, taxpayers are sitting with a loss of 61%, or nearly $15 billion, on their investment.


  1. Well I am so excited that I have found your post because I have been searching for some information on this for almost three hours! You've helped me a lot indeed and by reading this article I have found many new and useful information about this subject!
    house buyer

  2. Your blog is actually very good. It inspires the readers who have that large yearn to lead a better and happier life. Thanks for distributing this data and wish to read more from you. Visit-