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Old 04-19-2010, 09:42 PM   #7
BigAls87Z28
 
Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Treasury gave GM $50 billion, but when they took over 61% of GM, the recoverd some of the assets.
When the Treasury and GM work it out, it will an issue an IPO or an initial pulic offering. People will pay them money for shares in the company. This is just like any other private company going public.
Once that happens, and more shares of GM sold, the lesser the Treasury owns to where it will eventually own a small portion.
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