GM Is Off and Running on the NYSE — Did the Bailout Work?

By Tom McCarthy

Nov 18, 2010 11:58pm

Seventeen months after filing for bankruptcy, General Motors made a splashy return to the stock market today, with executives ringing the opening bell on the New York Stock Exchange. GM shares closed at just above $34 dollars — more than a dollar over what investors paid in the company's initial public offering Wednesday. The Obama administration hailed the occasion as evidence that its $49.5 billion bailout of the company last year was working. So tonight we ask you: Did the bailout work? Was it worth it?

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