Isnt it it great How GM and the Government screwed we the tax payers for 26.5 billion dollars left un paid?

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gracy
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The distribution of the loss of paper follows. MedlinePlus MedlinePlus * The U.S. Treasury GM paid about $ 49.86 billion from late 2008 until 2009 to restructure the company and fund their movement through bankruptcy and beyond. MedlinePlus MedlinePlus * Before accounting for income Treasury IPO , GM had paid about $ 9.74 billion for the government. Refunds for unused loans , including the purchase of own shares and preferred dividends , and interest. That left taxpayers owed ​​a little over $ 40.1 billion . MedlinePlus MedlinePlus * Includes over-allotments , the Treasury recover more than $ 13.6 billion by selling 412.3 million shares, leaving taxpayers owed ​​about $ 26.5 billion . Treasury would have to sell its remaining 500.1 million equity stake at an average price of around $ 53 for taxpayers to be repaid. MedlinePlus MedlinePlus * With GM stock trading at $ 34.50 late Thursday in New York Stock Exchange , taxpayers face a $ 18.50 per share of its remaining deficit , or about $ 9250 MedlinePlus million MedlinePlus http://www.reuters.com/article/idUSTRE6A
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