Comish
Active member
Apologies.........I attempted to provide multiple links...........this one has those particular numbers..I don't see those numbers at your link...Here is one opinion (of course it will be discounted because it's not "mainstream"), but it makes for some interesting numbers.....(data is about 2 weeks old)
Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.
http://www.breitbart...-Abuse-Of-Power
http://www.humaneven...nkruptcy-again/