GM selling at a loss should tell you something | The Daily Caller - Breaking News, Opinion, Research, and Entertainment: "If the federal government wanted to recoup its investment in GM, then the GM stock price should be much higher than the $33 initial price. In order to break even, as the Deal Journal reports, the stock price would have to rise to around $50 per share. So why is the Treasury Department selling off the company at a loss?"
Yes, how is this $33 IPO in the taxpayer's best interest if GM is such a successful turnaround story? Don't tell me the answer is that the government wants to allow GM to return expeditiously to private control. Post-IPO, GM is still the statists' automotive hobby horse.
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