Shares would have to hit $53 for the government ( US TAX PAYERS ) to break even. I wish there was some way to force GM to buy our 500 million shares for that price, before anymore so called profit sharing bonus's go out & before the idiots that allowed this to happen sell the shares at current market price. --Let me rephrase this- Maybe they should sell asap because the price is steadily falling. Congrats to the UAW for having successfully screwed the tax payers. Yes this ticks me off !!
http://news.investors.com/article/616849/201207030826/gm-bailout-taxpayer-loss-rises-as-shares-fall.htm?p=full
Also on the same day I found this article :
http://www.guardian.co.uk/business/2012/aug/02/gm-profits-slip-european-struggles
Gm lost 361 m in most recent 2nd quarter
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