Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (586613)	9/22/2010 7:52:05 PM
From: FJB	Read Replies (1) of 1575264

Gov't needs $133.78 a share to recover GM money Watchdog says US government must sell GM for $133.78 per share to get back bailout money Tom Krisher, AP Auto Writer, On Wednesday September 22, 2010, 7:14 pm DETROIT (AP) -- The U.S. government would have to sell its General Motors stock for $133.78 per share to recoup the nearly $50 billion it spent bailing out the Detroit automaker, according to a watchdog of government bailout funds. Neil Barofsky, the special inspector general for the $700 billion bailout of the financial industry and automakers, revealed the figure in an Aug. 30 letter to Sen. Charles Grassley, R-Iowa. The letter was obtained by The Associated Press on Wednesday... finance.yahoo.com

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