GM Bondholders: A View From the Back Seat (A view the Republican party does not want you to see)
The highly anticipated General Motors Initial Public Offering opened for trading in November of 2010 amid fanfare and hoopla worthy of a royal coronation.
GM executives rang the bell on the stock exchange, followed by the ear shattering sound of the revving engine of a new Chevy Camaro.
The IPO raised $15.8 billion, the largest public share offering in financial history. The government's ownership in the company was reduced to 33% from its original stake of 61%.