GM Shares Would Have To Sell For At Historic Values For Taxpayers To Be Repaid

In order for taxpayers to recoup their $49.5 billion investment in General Motors, the U.S. government will have to sell its stake in the automaker at an average selling price of $133.78 per share, according to report issued by officials overseeing the Troubled Asset Relief Program.

The report, originally reported by The Wall Street Journal, shows it's quite unlikely that taxpayers will ever earn all their money back for investing in GM. The automaker’s stock never reached such levels in its pre-bankruptcy period, when GM had more brands, robust profits and a large auto-finance division.




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Agent009 - 9/23/2010 11:34:41 AM

+3 Boost

I guess no one did the math before the "loan" was approved... GM has never traded for more than $95.00 a share..EVER...

Joe_Limon - 9/23/2010 11:34:42 AM

+3 Boost

"robust profits" lmao, I like GM but even I find that funny.

Agent009 - 9/23/2010 11:55:00 AM

+6 Boost

This "loan" is looking more like a "gift" everyday.

Larrybel2000 - 9/23/2010 6:19:43 PM

+2 Boost

It's a wash. Lets not do it again.

thstone - 9/23/2010 8:03:40 PM

+1 Boost

The first $5B was just Act I. This is the intermission.

Act II starts around 2013 when the economy STILL fails to recover and we enter the first honest to goodness long-term recession and GM needs another $5B to stay afloat...

Lexus - 9/23/2010 11:46:26 PM

+1 Boost

Keep on Dreaming if any of you autospies members think were going to get our tax money back from them. You must be SMOKING Some Got Shi$$ to think were ever going to get our tax money back.

Lexus - 9/23/2010 11:47:16 PM

+1 Boost

correction, SMOKING some Good Shi$$