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GM is having a banner year, post government bailout and chapter 11 filing, and announced a $9 billion stock buy back program. Why don't they buy back some of the pre-bailout GM stocks that became worthless?

Asked by ibstubro (18804points) January 13th, 2016

I’m a taxpayer.
I helped bail GM out.
I lost hundreds of dollars in stocks betting on the original GM.

Stock buy-backs enrich the biggest shareholders and company officials.
How about some largess for us little guys that believed in the company before the previous management ran it into the ground?

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