The looting of the American taxpayer is just starting to get legs. Look for increased demands for bailouts, before the door finally closes, and the taxpayer wises up. http://finance.yahoo.com/news/AP-IMPACT-Some-bailout-apf-13757756.html
If the government exercised all its warrants to purchase the stock today, it would lose money on 51 of its 53 agreements. Taxpayers would be out $9.3 billion. ------------------------------- lmao. It's not the heat it's the humidity.
Most of the money is in preferred stock receiving a 5% annualized interest rate. Of course the warrants will be underwater 1 month after. But in 5 years, the gov will have a lot of extra cash to burn.