“The Obama administration said Wednesday it will sell 40 percent of its remaining stake in General Motors Co. back to the automaker and announced plans to completely exit by March 2014. The exit timetable signals the end of one of the most extraordinary government interventions in the U.S. economy in history — the rescue and partial nationalization of two U.S. automakers and their finance arms supported by two U.S. presidents. Taxpayers will almost certainly lose billions of dollars in the $49.5 billion GM bailout. If the government sold the rest of its stock at current prices, taxpayers would lose more than $13 billion.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 25 times, 1 visits today)
Related posts:
'Liberty Dollar' Creator Awaits His Fate Behind Bars
Homeland Security increases security for some U.S.-bound flights
Upstate New York bids to become federal drone testing site
North Korean farmers to be given unprecedented ownership of crops
Minnesota farmer cleared by jury in raw milk case
Al Qaeda militants flee Iraq's Abu Ghraib in violent mass break-out
Family of Egypt’s Morsi threaten legal action over ‘abduction’
‘Iran, Eurasian Econ. Union mulling over free trade zone’
Obama offers plan to deal with the high cost of college
Google’s Brazil president faces an arrest warrant
Bitcoin start-up nabs Goldman board member
Television set injuries on the rise in the U.S.
California Farm Labor Shortage 'Worst It's Been, Ever'
Third prominent banker found dead in six days
Britain’s ‘under-trained’ drone pilots create ‘significant risks’