GM's (GM) poor stock performance is delaying the sale of the government's 27% stake. The shares...


GM's (GM) poor stock performance is delaying the sale of the government's 27% stake. The shares have fallen from GM's IPO price of $33 to $29.97 yesterday. By selling at $30, the taxpayer would lose $12B on GM's rescue, while at $40, the loss would be $7B.

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Comments (4)
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    Geithner told us we made a profit on our GM "investment."

     

    Can't the government short GM stock, run it down to 50 cents and we can make a profit that way? A few well-directed rules out of the EPA should do the trick. Then, they can smooth the path for another resurgence with low-interest loans or better yet, grants and after covering the shorts at 50 cents, spin off a division or two and voila, another profit!
    23 Jun 2011, 08:54 AM Reply Like
  • LuckyPick
    , contributor
    Comments (740) | Send Message
     
    lol short GM!
    nice try
    Geithner also said he wanted stronger US$
    23 Jun 2011, 09:08 AM Reply Like
  • lingawtuol
    , contributor
    Comments (2) | Send Message
     
    i like bussines
    23 Jun 2011, 09:13 AM Reply Like
  • Duude
    , contributor
    Comments (3413) | Send Message
     
    GM says when people call them government motors, employee morale goes down. Reality is a bitch.
    23 Jun 2011, 09:43 AM Reply Like
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