Archive for September 19th, 2012

Why Feds Won’t Sell GM Stock


Wednesday September 19th, 2012   •   Posted by K. Lloyd Billingsley at 9:21am PDT   •   8 Comments

The U.S. Treasury Department has invested $50 billion in the General Motors bailout and now owns 26.5 percent of GM stock, about 200 million shares and more than one-fourth of the company. GM was happy to get the taxpayer dough but now wants the government to sell its stock. Trouble is, the government won’t...
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