The government should sell GM holdings

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  • Screwdriver Casa Grande, AZ
    Sept. 27, 2012 12:00 p.m.

    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.

  • cjb Bountiful, UT
    Sept. 27, 2012 10:54 a.m.

    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.

  • Hutterite American Fork, UT
    Sept. 26, 2012 10:37 p.m.

    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.

  • Mountanman Hayden, ID
    Sept. 25, 2012 7:42 a.m.

    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 for him!

  • Esquire Springville, UT
    Sept. 25, 2012 6:41 a.m.

    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 even price.

  • Twin Lights Louisville, KY
    Sept. 25, 2012 6:10 a.m.

    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.