Obama going to let taxpayers eat the remaining 21.5 billion...
The government is still $21.5 billion in the hole on the GM bailout. Breaking even would require selling the remaining 300 million shares for an average of about $70 each — more than double the current trading price.
Richie , our government saw value and " invested " in GM exactly as you and I would do . There is no reason for them to sell right now just as there is no reason for you and I to sell . Would you sell your place of residence right now while the real estate market is down ? Of course not ! Lets just sit back and relax . This is not a race and stock market investors have never been in a race to make money. Its a long term investment just as it has always been .
All these wacko liberal socialist, known as democrats, are just true masochistic and Narcissistic #$%$.
They really get off on the government taking their money and giving it to all the low life do-nothing parasites in our society. OooAhh oh yea baby, stick it to me big daddy.