Revisiting the GM bailout. At least we lost less than a billion on Solyndra.
The United States Treasury owns roughly 500 million shares of common stock in General Motors. (Source: U.S. Treasury) The Treasury would need to sell these shares at roughly $53 per share in order to "break even" on the investment. (Source: WSJ) Using Google Finance API, we multiply the current GM stock price by 500,065,254, and subtract that total from $26,503,458,462 (or, 500,065,254 x $53).
Our calculations estimate the loss taxpayers would suffer if UST sells its GM common stock shares at the current ticker price. We track the common stock price and update our calculations on an ongoing basis, providing an up-to-the-minute snapshot of the money the UST lost in Government Motors.
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