Seeking Alpha

No day trading for Uncle Sam. Instead, the Treasury Department has reportedly taken the next...

No day trading for Uncle Sam. Instead, the Treasury Department has reportedly taken the next step in its arrangement to sell its stake in General Motors (GM -1.2%) by initiating a prearranged trading plan. According to the schedule, the entire 300M share position in GM will be liquidated within 12 to 15 months.
Comments (15)
  • chopchop0
    , contributor
    Comments (3138) | Send Message
     
    Thanks for the tens of billions of dollars in losses to taxpayers like me!
    18 Jan 2013, 01:38 PM Reply Like
  • tcbracing
    , contributor
    Comments (255) | Send Message
     
    Wow, I didn't realize Billionaires frequented this site!
    18 Jan 2013, 01:41 PM Reply Like
  • chopchop0
    , contributor
    Comments (3138) | Send Message
     
    billions of losses from investing GM for the government = me being a billionaire?
    18 Jan 2013, 02:32 PM Reply Like
  • tcbracing
    , contributor
    Comments (255) | Send Message
     
    The taxpayers haven't lost a dime and I thought someone with 1320 comments on this site understood how stocks work.
    18 Jan 2013, 03:59 PM Reply Like
  • chopchop0
    , contributor
    Comments (3138) | Send Message
     
    I obviously understand the taxpayer liability of GM's stock better than you do. I guess those extra comments on the site helped me

     

    http://bit.ly/WopmE5

     

    GM would have to reach approximately $53 share for taxpayers to break even on the investment. If you think GM will reach that level over the next few weeks, start buying those calls now.

     

    You know what those are, right?
    18 Jan 2013, 04:35 PM Reply Like
  • Artaqq
    , contributor
    Comments (107) | Send Message
     
    Wonder if they'd be selling their stake in it if it were profitable? Everything they touch turns to crap. If they didn't have their hand on my Country, I could shake my head and ignore it.
    18 Jan 2013, 01:39 PM Reply Like
  • moran
    , contributor
    Comments (214) | Send Message
     
    Respectfully Artaqq...But it seems the government can't win with some people one moment people are all over them for trying to run a car company and then they catch heat for trying to get out of the business and re-coupe some of your tax money.
    18 Jan 2013, 03:03 PM Reply Like
  • Artaqq
    , contributor
    Comments (107) | Send Message
     
    I can appreciate that perspective, moran. Admittedly, I am no fan of the current Administration. Having said that, I was no fan of the former Administration intervening in GMs affairs, or any other private sector dealings, for exactly this reason. We wouldn't be here if we had let GM go through bankruptcy, re-organize, get rid of some of the burdensome Union agreements and get on a leaner path to success. I am a GMC owner and always will be. I would be prouder of that if they had scratched and clawed their way back on their own, rather than receiving all of this assistance and having very little change in the structure of the organization. It will be good for 'us', the tax payers, to be out of GM. The Government has lost sight of, '...for the people, by the people.' This money is not theirs. They are supposed to be stewards of it. Nothing more.
    22 Jan 2013, 10:08 AM Reply Like
  • tcbracing
    , contributor
    Comments (255) | Send Message
     
    I work at GM and can tell that we HAVE structurally changed the organization in several ways that may not be easily visible from an outsiders point of view, but are very evident from the inside. The quality improvements, reduction in recalls, lowering warranty costs, the rise in transaction price per vehicle, the reduction of incentives, adjusting build schedules to meet demand, improving relationships with suppliers, etc., etc., are all monumental changes in such a large organization in just the last 5 years.

     

    Yes, it would have been better for GM's reputation if the bank collapse hadn't happened and they could have acquired secured loans, like Ford had done earlier, unfortunately that was not possible.

     

    Live, learn and move on...
    23 Jan 2013, 08:28 AM Reply Like
  • labas112
    , contributor
    Comments (304) | Send Message
     
    GM is worthless. They will never over come the moniker Government Motors.
    18 Jan 2013, 01:45 PM Reply Like
  • Venerability
    , contributor
    Comments (3048) | Send Message
     
    This is important, and I am amazed it is not yet "in the market," at least according to CNBC.

     

    This morning, say several reports, the Big Three US automakers made formal complaints to the Obama administration about blatant Japanese currency manipulation.

     

    With an auto revival as the centerpiece of a greater manufacturing revival in the US - and with the major automakers poised to report earnings results - that "Yen Short of the Century" - especially with so many rank amateurs in Asia and elsewhere now in the trade - may now get strongly intervened against by the US's own PPTs.
    18 Jan 2013, 01:51 PM Reply Like
  • moran
    , contributor
    Comments (214) | Send Message
     
    So what's new....these kind of things have been going on for years, I also hear the same about China.
    18 Jan 2013, 03:08 PM Reply Like
  • Artaqq
    , contributor
    Comments (107) | Send Message
     
    That is an interesting account. Part of me wants to say, "Who are 'we' to be complaining about currency manipulation?" Given our current state of inflated employment data, fear mongering and treating our own financial 'fiscal cliff' like it's nothing more than a crisis that could be used to gain political advantage. General Motors knows this better than anyone.

     

    I think that these 'rank amateurs' will weed themselves out. Our 'Big 3' still put out a great product and that matters when all the dust settles. God help the misguided individual that buys an unregulated China built automobile. If this Country wants to save innocent lives, they should ban the import of these vehicles and quit the hysteria over guns.
    18 Jan 2013, 03:11 PM Reply Like
  • Venerability
    , contributor
    Comments (3048) | Send Message
     
    Nonsense!

     

    The massive Yen interventions are only a few trading days old and ALREADY the Big Three are all over it.

     

    Japan is going to get shot down hard, IMO. There is pretty much no country not furious with them right now - and for it to happen so fast IS extraordinary.
    18 Jan 2013, 03:55 PM Reply Like
  • Artaqq
    , contributor
    Comments (107) | Send Message
     
    Will be a non-factor in 6 months. Either because of the outrage you speak of or because they can't keep it up.
    22 Jan 2013, 09:56 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|