19 December 2012

U.S. Taxpayers Likely to Lose Billions of Dollars on GM Bailout

The Obama administration said Wednesday it will sell 200 million shares — or 40 percent of its remaining stake in General Motors Co. — back to the automaker and announced plans to completely exit the Detroit automaker by March 2014. The Detroit automaker said it will purchase 200 million shares of GM [...]


cryptogon

The trouble is that GM has reportedly declined to by back shares sold to the US government. 

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