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Old 02-26-2013, 07:40   #1 (permalink)
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US starts selling off rest of GM stock

The U.S. government has started selling its remaining General Motors stock as it moves to end four years of partial ownership of the Detroit automaker.

The Treasury Department said in its January report to Congress that it sold $156.4 million worth of GM common stock last month.

The report, dated Feb. 11, says the government has recovered about $29 billion of its $49.5 billion bailout of GM.
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Old 02-26-2013, 08:19   #2 (permalink)
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Re: US starts selling off rest of GM stock

Yeah, but it was still a losing venture, there stock still ain't worth crap.
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Old 02-26-2013, 11:09   #3 (permalink)
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Re: US starts selling off rest of GM stock

Lot's of people think that GM paid back everything. They don't consider this. It's still Government Motors.
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Old 02-26-2013, 15:19   #4 (permalink)
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Re: US starts selling off rest of GM stock

Only another $20 billion + interest to go .
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