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Non-Tech : GM - General Motors
GM 68.22-1.3%9:30 AM EST
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To: Stock Puppy who wrote (478)12/29/2009 4:35:42 AM
From: Arthur Tang  Read Replies (1) of 543
 
GM is out of bankruptcy. This means the whole company, All the assets are owned by US government. Stockholders(GM) owns the tax loss according to bankruptcy court by law.

However, there are subsidiary stocks which is owned by GM stockholders which the US government did not buy such as Shanghai Buick, GM Australia, Daewoo sKorea, etc. Its a loop hole that has to be explored? At least, we own the tax loss in every country GM has business properties, we also own the profits if any.

The tax loss per share is so huge, that any other titles of property the US government left out belongs to the stockholders of old GM, is gravy?

So, white house lacked knowledge of GM properties shows. Some stockholders will eventually sue(by ACLU) the US government to establish what they bought for $67 billion, and what is left for old stockholders?
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