Fox Business: Treasury Liquidates GM Shares

Monica Mehta 050613F
GM stock is finally inching up to its 2010 IPO price.  Meanwhile Dow is up 20% over the same period of time.  By exiting 241MM shares of GM at today’s prices, taxpayers will take a $20B loss on the bailout.  Considering the stock has to go up another 62% for us to just break even, it’s time to cash this clunker and move on. Monica discussed this and more with Fox’s Neil Cavuto.

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