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  Topic: Treasury gradually unloads GM stock
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Treasury gradually unloads GM stock
United Press International, by Staff

Original Article

Posted By:JoniTx, 2/25/2013 3:53:48 PM

WASHINGTON- The U.S. Treasury Department said it realized $156.4 million from sales of General Motors stock in January. The department is expected to unload its approximately 300 million shares on the open market by the end of 2014. It plans to do so gradually, using a trading plan that has not been made public so that hedge funds cannot corner the market, The Detroit News reported Monday. In January, it sold about 5.4 million shares for $27.61 to $29.16 per share, the News reported. The department, at one point, expected to lose $44 billion in bailouts

      


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Reply 1 - Posted by: schnapps, 2/25/2013 4:03:27 PM     (No. 9195686)

Who´s buying it? Not me.


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Reply 2 - Posted by: oh-heck, 2/25/2013 4:14:45 PM     (No. 9195710)

Breakeven price on GM shares is $54 per share. Since price is trending downward, we taxpayers still will lose an addition $8 billion on this company.

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Reply 3 - Posted by: horacer, 2/25/2013 4:22:53 PM     (No. 9195726)

GM is buying back a lot of stock from Treasury. There´s also this crazy guy named Ben who does a lot of printing that might be buying some.

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Reply 4 - Posted by: Country Boy, 2/25/2013 4:40:47 PM     (No. 9195772)

"U.S. Treasury Department said it realized $156.4 million"

All these libs are such total liars, twist with word games. That $156Million is SALES PROCEEDS. You don´t REALIZE SALES PROCEEDS. The only thing your realize is gains and losses, of which the GM boondoggle is one BIG CAPITAL LOSS, billions my friends.

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Reply 5 - Posted by: volksford, 2/25/2013 4:44:25 PM     (No. 9195779)

You got that right Country Boy.

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Reply 6 - Posted by: lylacat, 2/25/2013 5:07:23 PM     (No. 9195815)

We will probably never "realize" how much the American Taxpayers have given GM. We, the taxpayers, are still subsidizing many of the cars to the tune of $7,000 per car; no other auto company gets this much subsidy. GM has not paid back the money to the taxpayer (even though they say they have), and yet, GM keeps giving their greedy workers big bonuses. Ally, the loan company for GM is owned 80% by the taxpayer, so we, the taxpayers, are still buying cars for losers who are not required to put any money down, and they get to drive the car 0% interest, and 0 payments for months. I will not ever buy a GM product again, and no one else in my family will either.

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Reply 7 - Posted by: enuf8, 2/25/2013 6:26:11 PM     (No. 9195944)

If truth be known, it´s probably closer to the 44 Billion Hussein gave them------why cannot it be repaid.
That is half of the SEQUESTER amount, the funds Hussein gave to his cronies and foreign companies would equate to the rest of the Sequester amount. Has he ever balanced his own checkbook?

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Reply 8 - Posted by: realrep, 2/25/2013 9:29:53 PM     (No. 9196151)

Where´s the 5 grand that belongs to my mother? She had 5 grand in GM stock which disolved several years ago. She´s a liberal and doesn´t understand the gov´t games. (But´s she´s 92 and just signed up for Facebook.)

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Reply 9 - Posted by: mickturn, 2/26/2013 1:24:09 PM     (No. 9197309)

It is NOT what you made selling, it´s what you made over what you paid...and I´ll guess that IS a negative number!

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