The Homa Files

The U.S. Treasury aimed to sell more of its 26.5% stake in GM by August or September.

Then, the stock started tanking.

GM stock would need to hit $53 a share for the U.S government to break even on its $50 billion bailout of the auto maker.

At $30 a share, the U.S. would lose more than $10 billion on its $50 billion bailout of GM.

So far this year, GM stock is down about 40%

It was trading just over $22  this week,

Than makes the loss about $15 billion … but, who’s counting?

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Tags: Auto bailout, GM

This entry was posted on October 12, 2011 at 6:36 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.