- Mar 11, 2009
- Reaction score
- South Carolina
- Political Leaning
NEW YORK/DETROIT, Sept 3 (Reuters) - The U.S. government is likely to take a loss on General Motors Co [GM.UL] in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Subsequent offerings of the government's holdings may be profitable depending on how investors trade the newly listed stock, the sources 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.
UPDATE 2-Taxpayers likely to face initial loss on GM IPO-sources | Reuters
Oh yes liberals, keep touting how well GM is doing thanks to Obama....a loss on opening IPO....Bailout open for years....Yeah, very good.....:roll: