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My Other Truck
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(AP) -- The U.S. government would have to sell its General Motors stock for $133.78 per share to recoup the nearly $50 billion it spent bailing out the Detroit automaker, according to a watchdog of government bailout funds.

http://finance.yahoo.com/news/Govt-...3.html?x=0&sec=topStories&pos=1&asset=&ccode=

To reach Barofsky's per-share number, GM shares would have to sell for $40 above the automaker's peak stock price, which was nearly $93 in April of 2000, according to the Center for Research in Security Prices at the University of Chicago.



I feel less than optimistic about the upcoming IPO.... but not surprised.
 

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GM has never said the IPO would pay back the debt right away, in fact, they have said all along it could take several years.

Doesn't make much difference to the taxpayers though, you don't really think any of us would ever see a single nickel of that money anyway, do you? :rolleyes:
 
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