GMC: stock loss of $12.7 billion on top of $7 billion

Okay, this is kind of interesting. This story in the Washington Free Beacon talks about the political decision to not sell our gubmint held shares in GM; to do so would mean the amount of loss is made public:

http://tinyurl.com/6wt5dnq

So then I did a little research. We the peeeeple hold 500 million shares of GM. Per a Feb.14, 2012 CNN article, if they were sold at the then current price of $25.40 per share, we would show a loss of $12.7 billion. That is on top of the $7 billion we are already in the hole on the deal. Source:

http://tinyurl.com/7jckre3

So what is the current share price? $23.57

So gee, at 500 million shares that's another $750 million loss. The stock will have to reach $51 per share for us to break even.

Sigh.