GM’s stock is currently owned by:
1) The US Government
2) Saudi Arabioa
3) Red China
Those three own well something like 60% or more of the stock.
The so called public offering did not pay the taxpayer back and we are still left something like 16 billion dollars behind in the equation.
All of Obama’s and Biden’s talk about GM lives is just a sham. It lives because the US taxpayers are on the lamb, and because Obama allowed what could be sold off to be sold to nations who definitely do not have the US or its citizens best interest in mind.
THE MAN WHO DEPSISES AMERICA
http://www.jeffhead.com/obama-time.htm
AMERICA AT THE CROSSROADS OF HISTORY
http://www.jeffhead.com/crossroads.htm
Come on, get the facts straight. GM ownership is as follows:
61% US Government
17.5% UAW
11.7% Canadian Government
9.8% Bondholders from the old company