Quote:
Originally Posted by Captain Awesome
We already own GM, why would we buy it from ourselves!?!??
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To make some money off the stock would be a pretty good reason.
Another would be to remove GM from the 'Government Motor' stigma. This may be a bit of a surprise to you, but some people believe that government ownership = government operation. And many of those who believe that, also doubt the ability of governments to operate things competently and efficiently.
Besides, right now even though you are technically a partial owner of GM, you personally are not affected by the ownership. You won't get any dividends on the stock thats collectively owned, you don't get any shareholder votes, none of that stuff typically associated with owning stock in a company.