GM public offering could come at end of 2010

[Steve]

GM should focus on making money and repaying Treasury loans before turning to public markets to sell the taxpayer's stake in the automaker, a senior government official said.

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I think that GM should raise the capital it needs to stay in business and repay the taxpayers. There are tens of thousands of GM stockholders who got burned in the bankruptcy.....so who is going to buy this new GM stock? Burned once shame on you......burned twice shame on me.

We need to remember history. Look what happened to Chrysler's shareholders after their first bailout. Sure they got a bump but where are they now?