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GM's upcoming I.P.O. ~Taxpayers get a 'royal screwing'

jimbo said:
I just don't get this at all. . .
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OK well basically the Government SOLD a bunch of shares for $33.00 each but the price paid (based on the bailout) was much higher.

Now for the Government (which used OUR money) to break even it would have to sell the remaining shares for $53 each just to BREAK EVEN. So, as I have so eloquently been stating, we got screwed.
 
I bet they sold more shares though dilution than actual real numbers. Like the Government printing new money as if it had value and then people wonder why inflation is getting ready to spring.
 
Av8r3400 said:
I heard on a news report today the 80% of the stock sold was sold to the Chinese Government...
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Interesting.
I didn't hear that but I did hear that the biggest market for GM vehicles was China. GM is number one there.
 
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