No surprise, now that the election is over. This piece on the US News website (link courtesy of Real Clear Markets) lays out the math. GM initially received $50b and paid back $23b when in "went public" in 2010. Shares are now trading at $25 and they would have to reach $52 for taxpayers to be made whole. Most likely, taxpayers will not see the last $10-12b.
The article reminded me about GM's global operations. Even though GM now makes money on the cars it manufactures in the US, its European operations are still running in the red. So US taxpayers ended up subsidizing jobs overseas as well as here; not sure we will hear much about this from the pols who supported the bailout.
Dow hits 20,000
3 months ago