Replies to post #67291 on Politics and Money

[dickmilde]

Any idea why GM stock is up today on 5 X average volume ?

[properlynumb]

My short answer; I don't know.
There should be a moral question anytime we (America) favor a failed corporation.
'Spare the rod and spoil the child.' comes to mind.

Here's an article that puts a price on the loss:
http://news.yahoo.com/factbox-u-treasury-plans-gm-stock-sale-tarp-201946340--business.html

Here's the paragraph:

"As part of its effort to unwind its position in GM, the Treasury on Wednesday said it would sell 200 million shares of common stock back to the company at $27.50 a share. If it were to sell its remaining 300.1 million shares at the same price, it would face a loss of more than $12 billion on the automaker's bailout."