Saturday, September 04, 2010

You Need A Bath, And You'll Take One

Yah, that worked out real good, hey.

The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

...But the question of whether taxpayers are ultimately made whole on GM's $50 billion bailout could be left open for years, the people said. --Reuters via LegalInsurrection

Other investor-types suggest that the taxpayer will NEVER come out ahead--and maybe not come out even--because in order for that to happen, GM stock would have to have a market value which will be larger than its market value in the late 1990's--long before its BK filing.

No comments: