Treasury Dumps $621 Million In GM Shares In March - Will Never Come Close To Breaking Even

The Treasury Department announced that in March it has sold $621 million worth of GM’s stock.

    “To date, Treasury has recovered approximately $30.4 billion of its investment in GM through repayments, sales of stock, dividends, interest, and other income,” reported the Treasury.

Since 2008 the US Treasury Department has issued $49.5 billion in rescue aid to GM and still has to get back $19.1 billion. Last month GM’s stock was sold in a range of $26.75 to $29.30, which means the Treasury has sold about 22.2 million shares. This means that it still has 255 million shares to be sold for around $75 each to break even. That price would be more than double the actual trading price.

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jeffgall - 4/11/2013 3:18:43 PM

0 Boost

Bad move. Market is swinging up.

mrcassis - 4/11/2013 3:25:39 PM

-4 Boost

I was about to say!!.....Seemed like forever since we conservatives have had a chance to BASH OBAMA. Lets not take such a long break next time, ok Autospies. Us conservatives live for BASHING OBAMA constantly. So, without any further adue...

This is ALL OBAMA FAULT!!!!! He's a crooked, socialist, Marxist, Muslim, elitist, hand-out giving demogogue. He's been nothing short of a putrid failure in everything that he does in life!! I didn't even read the article above, but since its about Obama or his administration, it doesn't matter if I read it or not. I am, and we at Autospies are, all about BASHING OBAMA!!!!

USNA1999 - 4/11/2013 4:55:32 PM

+5 Boost

No worries, I will bash him for you. I am moderate Republican, all about making money and tired of getting taxed. Last month, I had a $32K tax bill but he still wants to tax us more while continuing to spend like their is no tomorrow. I am tired of supporting all these losers in this country who want the government to take care of them.

mrcassis - 4/12/2013 11:42:27 AM

-3 Boost

THERE WE GO conservatives!! Keep the Obama bashing coming!!!!!! If i'm not watching Fox, I gotta get my fix here!!

skytop - 4/14/2013 12:02:48 AM

+2 Boost

onumbnutz is laughing all the way to the Kremlin.

mike756 - 4/17/2013 5:28:04 PM

+2 Boost

@mrcassis - What about all the Bush bashing that the Obama administration and liberals do? "Bush lied, people died" and other such ridiculous statements. At least with GM, there is COLD HARD PROOF. Liberal need to get out of their bubble and look the FACTS rather than think with their emotions.