GM down to 25.75 a share, does any-one

Discussion in 'Politics' started by JRK, Aug 15, 2011.

  1. JRK
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    JRK Senior Member

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    know how much short they are now off paying us back?
    according to this about 11 billion when it was over 30 a share
    GOV’T LOOKING TO SELL ITS GM STOCK — A POTENTIAL LOSS OF OVER $11 BILLION
    Posted on April 19, 2011 at 9:44am by Jonathon M. Seidl Print »Email »

    The U.S. government is currently biggest owner of General Motors stock. It was a condition of that company’s bailout in 2009. So when you hear that the government is looking at selling off all its stock, that may seem like a good thing. Until you read what the Wall Street Journal put out today. Mainly, that GM stock is currently at about $30 and in order for the government to break even it needs to sell its shares at about $53. And then you read that despite the over $11 billion loss that would ensue, the Obama administration might do it anyway this summer. Why? Because 2012 is an election year.



    I also do not think this includes the billions that GMAC 15-18 billion got as well as the original 6 billion gm got from tarp to pay back tarp

    What a mess this admin has made of so much
    Gov’t Looking to Sell its GM Stock — A Potential Loss of Over $11 Billion | TheBlaze.com
    GMAC to Receive Additional $3.5 Billion TARP Bailout - Money Morning
    Grassley Slams GM, Administration Over Loans Repaid With Bailout Money - The lies just don't stop in this administration
     
  2. WillowTree
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    WillowTree Diamond Member

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    They just built em a new plant tooooooo in Indonesia.. with our fucking money.. saving those AMERICAN jobs don'tchyaknow? Buy Toyota.
     
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  3. Matthew
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    Matthew Blue dog all the way!

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    Government motors sucks. Period.
     
  4. Lovebears65
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    Lovebears65 Gold Member

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    Will never buy from GM/Chrysler .. I will buy Ford since they did not take the bail our. In fact we were only ford owners until 07 when I bought my first Toyota which was built here in the USA. :)
     
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  5. JRK
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    JRK Senior Member

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    Good for you
    God bless
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Ask yourself this question: "Is the UAW better off now than it was 4 years ago?"
     
  7. JRK
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    JRK Senior Member

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    The answer is there would be no UAW without the american tax payer, don't you agree?
     
  8. Matthew
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    Matthew Blue dog all the way!

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    Fuck no...
     

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