After Going Bankrupt On June 1’st 2009, General Motors Raises More Than $20.1 Billion In New Initial Offering
thestatedtruth.com | November 17, 2010
It all sounds good but not so fast……GM’s owners, including the U.S. Treasury, sold at least $15.8 billion of common shares at $33 each, making it the second-largest U.S. Initial Public Offering (IPO) on record according to data compiled by Bloomberg. GM received $49.5 billion in a taxpayer bailout just last year. The Treasury, which is taking a loss on […]
