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Thread: Taxpayers likely to face initial loss on GM IPO-sources

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    Taxpayers likely to face initial loss on GM IPO-sources

    NEW YORK/DETROIT, Sept 3 (Reuters) - The U.S. government is likely to take a loss on General Motors Co [GM.UL] in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

    Subsequent offerings of the government's holdings may be profitable depending on how investors trade the newly listed stock, the sources said.

    But the question of whether taxpayers are ultimately made whole on GM's $50 billion bailout could be left open for years, the people said.

    UPDATE 2-Taxpayers likely to face initial loss on GM IPO-sources | Reuters

    Oh yes liberals, keep touting how well GM is doing thanks to Obama....a loss on opening IPO....Bailout open for years....Yeah, very good.....


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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    Quote Originally Posted by j-mac View Post
    Oh yes liberals, keep touting how well GM is doing thanks to Obama....a loss on opening IPO....Bailout open for years....Yeah, very good.....


    j-mac
    It's fairly common for IPO's to have a discounted first run, to garner interest. On this one... it's just, well knew it was coming.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    You would think conservatives would be happy to see the federal government beginning the process of selling off its stake in a revived and renewed and profitable General Motors. But, hey, its another chance to tear down the Obama administration that they just can't pass up even if at the same time they're tearing down a great American corporation, a cornerstone of the American capitalist system.
    “Real environmentalists live in cities, and they visit what's left of the wilderness as gently and respectfully as possible.” — Donna Moulton, letter to the editor, Tucson Weekly, published on August 23, 2001

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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    Quote Originally Posted by MrVicchio View Post
    It's fairly common for IPO's to have a discounted first run, to garner interest. On this one... it's just, well knew it was coming.

    If I understand it right though, don't brokers have a certain amount that they are to offer their "better" customers, and if there is little interest that doesn't bode well for the stock?


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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    Quote Originally Posted by Chappy View Post
    You would think conservatives would be happy to see the federal government beginning the process of selling off its stake in a revived and renewed and profitable General Motors. But, hey, its another chance to tear down the Obama administration that they just can't pass up even if at the same time they're tearing down a great American corporation, a cornerstone of the American capitalist system.

    Maybe at one time, but I grew up in Lansing Mi. I saw first hand what the Unions did. And Obama isn't necessarily selling off anything, we may be on the hook subsidizing this company for years to come.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    Quote Originally Posted by Chappy View Post
    You would think conservatives would be happy to see the federal government beginning the process of selling off its stake in a revived and renewed and profitable General Motors. But, hey, its another chance to tear down the Obama administration that they just can't pass up even if at the same time they're tearing down a great American corporation, a cornerstone of the American capitalist system.
    Six months ago, if the pundits were any indication, something like this would have been impossible to begin with. They were all convinced the President's sole purpose through all of this was to nationalize the auto industry.

    Now that he's working on getting the government out of GM, it's time to find something else to bitch about.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    Quote Originally Posted by TacticalEvilDan View Post
    Six months ago, if the pundits were any indication, something like this would have been impossible to begin with. They were all convinced the President's sole purpose through all of this was to nationalize the auto industry.

    Now that he's working on getting the government out of GM, it's time to find something else to bitch about.
    Maybe I just don't understand this thing, but how is offering GM as a public company going to get the government out of ownership, when the article clearly states that we could be on the hook for years to come?


    j-mac
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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    “A journey of a thousand miles began with a single step.” — Lao-tzu
    “Real environmentalists live in cities, and they visit what's left of the wilderness as gently and respectfully as possible.” — Donna Moulton, letter to the editor, Tucson Weekly, published on August 23, 2001

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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    Quote Originally Posted by Chappy View Post
    “A journey of a thousand miles began with a single step.” — Lao-tzu

    What if it is a journey that the majority doesn't want to take?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Taxpayers likely to face initial loss on GM IPO-sources

    Quote Originally Posted by j-mac View Post
    Maybe I just don't understand this thing, but how is offering GM as a public company going to get the government out of ownership, when the article clearly states that we could be on the hook for years to come?


    j-mac
    Because the government is beginning to sell what it bought when it bailed GM out.

    In other words, the government is doing the opposite of what the pundits swore up and down it would do.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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