VEBA Trust got $9B in pfd. stock and new bonds in new GM both which paid a 9% return in interest or dividend. For the remaining $11B, they got 28% of the common stock in the new GM. If Washington got this good of a deal, they would have made a profit on the bailout. For Washington to get a deal equal to what VEBA got, Washington would needed to have gotten 106% of the common stock in the new GM.