GM Paid Their Debt In Full, Only Owes $26 Billion Now
The $26 billion assumes that the shares sell for what the Gov expects, of course. Anyone want to buy stock in a corporation which legally belongs to the bond holders and not the Gov that stole it?
GM Commercial in which GM announces they repaid their debts in full, five years ahead of schedule.
Nick Gillespie explains their math.
Remember when investors got screwed in the bailout? How bondholders were by law, supposed to be first to get repaid, and they ended up holding the bag? How the bankers got most of the money and the common stock holders got hosed?
Good news then! You can buy back in! So go to the Fed, take out a big zero interest loan and use it to buy GM stock! When it opens to the markets, you may be able to turn it around for instant profit as the sheeple buy in!
Investors display voracious appetite for GM shares
Oh, and the taxpayer still owns 40% of GM...