Oct 16, 2011

G.M. Bailout 30 times worse than Solyndra

BailoutCost.com calculates to the second and to the penny how much we are in the hole on the Government Motors bailout. Briefly: We own about 500 million GM shares. To break even, they need to be sold at $53 per. Right now they're trading at about $23. Which loses us about $15 billion. Remember, Solyndra lost us: $0.5 billion. - ouch....