"The US Government should MAKE [all caps added] about $13 billion," according to today's Chicago Tribune. Who learned you your math? The lede should be that the US Government will LOSE about $12 billion on the preferred shares it is selling. The math is simple -- using round numbers, the US paid $50 billion for its preferred shares. It is now selling half of those shares -- which equals $25 billion worth of the shares it purhased (.5 x $50 billion) -- for $13 billion. Ergo, a $12 billion loss ($25 billion paid for the shares less the $13 billion received in the IPO). Great investment Mr. President and even happier spin brought to you by the Trib.
Here is the link to the article: http://www.chicagotribune.com/business/chi-ap-us-gm-ipo,0,2904278.story