usmcstinger
Gold Member
- Dec 31, 2011
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The ( US Government )deal negotiated with GM for the 200 million shares will cut the U.S. stake to 19% but raise the price needed to break even on the remaining 300 million government shares to nearly $70.But the likely loss of billions of dollars by the time all government stock is sold off at the $27.50 share price, the ultimate loss would amount to around $12.75 billion will continue to fuel debate.
GM buys back stock; taxpayers may lose billions - Business on NBCNews.com
The House of Representatives should hold hearings with The Secretary of the Treasury ( Tim Geithner ) to explain this $12.75 Billion Government Loss. This loss will increase our National Debt and will be payed for by the Citizens of this nation.
GM buys back stock; taxpayers may lose billions - Business on NBCNews.com
The House of Representatives should hold hearings with The Secretary of the Treasury ( Tim Geithner ) to explain this $12.75 Billion Government Loss. This loss will increase our National Debt and will be payed for by the Citizens of this nation.