At GM’s Friday share price of $24.14, the U.S. would lose about $15 billion on the GM bailout if it sold its entire stake. While GM stock would need to reach $53 a share for the U.S. to break even, Treasury officials would consider selling at a price in the $30s, people familiar with the government’s thinking have said.
Obama 2010: Taxpayers positioned to recover more than was invested in GM 2012: Gov't can't sell back GM because taxpayers would lose billions (in an election year; gasp)
Current Status: Published (4)
Seeded by Patriot 8888 View Original Article: 
Michelle Malkin
Seeded on Wed Sep 19, 2012 8:07 AM
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