Apr 30, 2012
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Since going through bankruptcy protection, GM has done rather well. They have apparently paid back to the governments billions of dollars, bought a finance company to replace GMAC which they sold off when they were getting into trouble. Now they are buying back 200 million shares. If GM is doing so well and on the climb, perhaps our governments should hang onto the shares they have until the shares are actually worth something. The tax payers got screwed going in and getting it again coming out. That money should be earning the tax payers a little interest for what we have done for the company. Go to a dealer, try to buy a car, and see how appreciated we really are.
http://www.corvetteonline.com/news/gm-buys-back-200-million-shares-from-u-s-government
 
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