In 2009, General Motors scored a $49.5 billion bailout from the U.S. government.
Last week, the Treasury Department announced it will sell General Motors 200 million shares before 2013, reducing the government’s stake in GM from 26.5% to 19%. Over the next 15 months, the Treasury will sell its remaining GM holdings.
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6 comments:
Well now wait just a minute. I haven't received my dividend as a taxpayer who helped bail out those bozos yet. Any word on when that will happen?
You bailed out the old bozos. These are new bozos.
This is the result of back-room dealings between Obama and the unions. And this is why voters should vote "no" to forcing employees to join unions. Individuals should be allowed to choose whether or not they want union representation. Just limit the benefits of those who are not members. It's not complicated. But the unions have become greedy and their reps benefit the most.
Their bonus is half of what I make a year.
Took me 2 years to find a $200.00 a week job.
Haven't gotten your entitlement check either have you?
we tax payers are only going lose 24 billion on this deal
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