Archive for December 10th, 2013

Feds Lose $10.5 Billion on Government Motors


Tuesday December 10th, 2013   •   Posted by K. Lloyd Billingsley at 8:47am PDT   •   1 Comment

On December 9, the federal government dumped the rest of its 30 million shares in General Motors, which had become known as Government Motors, for good reason. In 2009, the federal government bailed out the bankrupt automaker to the tune of $49.5 billion and once held 60.8 percent ownership in the company. The loss…
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