You and we now own 60% of General Motors. The cost was a mere $70 billion.
Doing the math, we find that each of the Republic's 300 million citizens has a stake in the company of 0.0000002%. That's for an investment of $233 per person. That should translate to each citizen getting about 311 shares at the current price.
Of course, it doesn't, because there aren't that many shares of GM. At the present trading price, GM is worth about half a billion dollars.
That's right: Uncle Sugar is paying $70 billion for 60% a company worth half a billion. At its peak, GM was worth $56 billion on the open market. If it ever sees that value again, which is doubtful, we'll only be out around $40 billion. Looks like we overpaid.
And that's a fine reminder of how much easier it is to be careless "investing" someone else's money than it is your own.