That taxpayers are never going to recover their "investment" in Government Motors has been a foregone conclusion for a while. But their losses are mounting beyond what many, including me, had predicted. Last year, top auto analysts had expected GM's stock prices right now to be around $43 per share. Even that price, I had noted at the time, would represent a $13 to $19 billion loss on the 500 million or so shares (26% of the company equity) that taxpayers still hold in the company.But, as it turns out, that figure was too rosy! GM stock prices have been hovering around $20...
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