Feds Planning Early Sale Of GM Shares To Capitalize On Profits

Do click the "Read Article" link and read the article. Without saying it outright, it sounds like the Feds are giving up on ever getting their money back from the GM stock purchase (article "...At GM's current share price, the government would lose up to $10 billion...")

As I've been saying in the past, the auto bailout can be likened to sucking out the cancer (financial losses) from one part of the body (GM), and injecting it into another (the tax payers).

I guess it will "suck" less if they got out now??

"the government would lose up to $10 billion of its $49.5 billion GM bailout, started by President George W. Bush in December 2008"

For the government, that IS turning a profit!! LMAO

Brilliant business thinking here -- GM is currently trading BELOW it's IPO price.

this administration should go to jail for this one. i know there is a blame bush guy on here already but bush didnt structure this deal he gave them a loan big difference. this admin bailed out their union buddies screwed the bond holders screwed former gm stockholders and now its screwing the taxpayer. hey its not their money so who cares how much they lose. what should have been done is let them go to bankruptcy. that would have helped with the creditors. the sale of assets would have went to bond holders they get paid first. bankruptcy breaks union contracts. then restructure. instead a phony deal union gets a bunch of free stock. they make billions invested nothing and the taxpayer gets screwed. i wanted a cts v coupe as my next car id rather walk then give gm or chrysler a dime of my money. if i buy american it will be ford. no bailouts for ford