Remember the Feds stake in GM ?

Several post-debt deal articles have lumped it with the President’s other successes: ObamaCare, auto bailout …

According to the WSJ …

“To break even, the U.S. Treasury would need to sell its remaining stake — about 500 million shares—at $53 apiece.”

Bad news: Stock closed on Aug. 2 at $27.05 … approximately 20% below the IPO price … about a $13 Billion loss.

This entry was posted on August 3, 2011 at 6:47 am and is filed under Autos - Travel. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

The Homa Files