Watchdog: Taxpayers must get $95.51 per share to break even on bailing out General Motors

  • Article by: TOM KRISHER , AP Auto Writer
  • Updated: July 24, 2013 - 10:15 AM

DETROIT — General Motors stock would have to sell for $95.51 per share for taxpayers to break even on bailing out the company, according to a government watchdog's report released Wednesday.

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dumbgopJul. 24, 13 7:25 AM

Obama government; You guys sell whenever you want, just let me know when you are sending me my dividend check for the difference or lost tax dollars. Keep telling us how you saved the auto industry. How are those GM bond holders doing? If some people took five minutes to actually understand this issue, they would realize what a failure Obama's decision was.

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Truckman182Jul. 24, 13 1:24 PM

Let's review exactly how this GM bailout went down. $27 billion in GM bondholders and $10 billion in stock holders were wiped out by a stroke of Obama's pen. He uses tax payer money to bail out GM. The unions have to make zero concessions on wages, benefits,etc. Obama then turns around and issues "the new GM stock and gives 17% of the new GM stock to the UAW pension.

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firefight41Jul. 24, 13 1:34 PM

I stopped buying GM back in the 80's, and I will never buy another GM product again.

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formergopJul. 24, 13 1:36 PM

Thank you Ex President Bush. The guy will be giving it to us for decades.

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