WoHo as American Tax Payers we know own 70% of GM..

Well, don't forget AIA and Citibank when you are thinking about how many big names are under your account now. In fact at this point of crisis where some of the big names are struggling for survival, buying out the ones with competitiveness is a clever move. They are struggling sometimes because they run out of short-term cash and sometimes because business shrink at a rate nobody could have believed. Just like GM, it may be in very bad situation as nobody wants to buy cars now. Still, it doesn't change the fact that GM has a good reputation of the cars they make and sell. These are assets that new joiners cannot acquire that easily (either by developing all these names by their own or buying out those big names) and now is just the time.