The shares get the same dividend as everyone else. Geeez, calm yourself, your
hate is showing.Why sell now? Sell when it's a profit like
everyone else does. Duh.
If the government believes GM shares are significantly undervalued and it can
make more money by selling those shares later, then it ought to do that.
I'm not sure that the existence of GM isn't at least some sort of
compensation. If for no other reason than to have someplace besides the wreckers
to get parts. Plus the fact that the UAW is on board, with the W standing for
Workers. American workers, wrending american steel into american chevys. If you
don't like it, see if you can find a blower motor for your 86 Hyundai in
the wrecker yard.
When will taxpayers receive a dividend from GM? Never! Then taxpayers
don’t really own them, the UAW does, a gift from Obama, payment for voting
Dumping the stock now would be unfair to the taxpayers who bailed out these
companies. There is no hurry. Just because the auto companies don't like
the government as a shareholder is not a good reason to force a huge loss on us.
They should have thought about that when they asked for a bailout. To just
capitulate to their demands proves that socialism is part of the corporate
world. GM has cash reserves, so let them buy the stock back at least at a break
I agree that "The Treasury should sell its holdings in an orderly fashion
and leave the auto industry to private investors." But I think it would be
best to do this over time.How much time? Given the size of the
holdings, probably a few years. Treasury could schedule the sales (so many
shares per month) in order to minimize the impact on share price and advise
everyone of their actions.It is unlikely that share price will rise
enough to make the deal profitable. The benefits have already been realized.
The loss is part of the cost. The administration was likely aware of that when
they went into the deal.