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<blockquote data-quote="av8torntn" data-source="post: 903962" data-attributes="member: 8259"><p>"The Treasury Department yesterday revised its loss estimate for the Government Motors bailout from $14.33 billion to $23.6 billion, thanks to the company’s sinking stock price. GM’s Sept. 30 closing price, on which the new estimate is based, was $20.18, about $13 less than its December IPO price and $35 less than what is needed for taxpayers to break even."</p><p></p><p></p><p><a href="http://reason.com/blog/2011/11/17/treasury-admits-what-everybody-already-k" target="_blank">Link</a></p></blockquote><p></p>
[QUOTE="av8torntn, post: 903962, member: 8259"] "The Treasury Department yesterday revised its loss estimate for the Government Motors bailout from $14.33 billion to $23.6 billion, thanks to the company’s sinking stock price. GM’s Sept. 30 closing price, on which the new estimate is based, was $20.18, about $13 less than its December IPO price and $35 less than what is needed for taxpayers to break even." [URL='http://reason.com/blog/2011/11/17/treasury-admits-what-everybody-already-k']Link[/URL] [/QUOTE]
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