With the vast majority of the government's General Motors shares sold, the U.S. government is reporting a $9.7 billion loss, according to a Congressional report cited by the Detroit News.
With the government's stake now down to about 7 percent, the report states that
"Because the common stock sales have all taken place below Treasury's break even price, Treasury has so far booked a loss of $9.7 billion on the sales,"
The United States Treasury would have to get $147.95 to break even on its GM stake – an unrealistic proposition given that the stock currently trades at $35.80. Once the government unloads the last of its stake (worth about $3.6 billion), the total loss should amount to $10 billion.
from The Truth About Cars http://www.thetruthaboutcars.com
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