Zewind
11-18-2010, 11:03 AM
News Link (http://www.thestar.com/business/article/892771--canada-ontario-sell-gm-stock-as-ipo-price-exceeded?bn=1)
Ottawa and Ontario the governments have owned a combined 11.67 per cent of General Motors since last year’s bailout of the automaker. They reduced that stake to below 10 per cent by selling about 35 million shares.
Rough Math
$33 X 35,000,000 = $1,155,000,000 US
So what does this mean for the average taxpayer? :dunno:
Ottawa and Ontario the governments have owned a combined 11.67 per cent of General Motors since last year’s bailout of the automaker. They reduced that stake to below 10 per cent by selling about 35 million shares.
Rough Math
$33 X 35,000,000 = $1,155,000,000 US
So what does this mean for the average taxpayer? :dunno: