Taxpayer once again the loser
The total losses for all of the sales is expected to reach $28 billion depending on what the shares trade for next year. For the government to break even they would have to sell shares at a very unlikely price of $70 a share. Having been largely freed up from the UAW pension fund crisis and other union concessions Americas mightiest corporation made a $7.6 billion profit in 2011 giving each union member an $8,000 profit sharing check. All the while the taxpayer, many still unemployed, are paying for this. The government and GM have given away the store to the UAW while taxpayers continue to take it in the shorts.