Government to shed GM stake, taxpayer loss likely

The plan the U.S. announced today to sell its remaining 500 million shares of General Motors virtually guarantees a substantial taxpayer loss on the $49.5 billion bailout. The Treasury Department today said that it will sell all its stock in GM within 12 to 15 months and sell 40% of its stake wit…

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Government to shed GM stake, taxpayer loss likely

Government to shed GM stake, taxpayer loss likely

The plan the U.S. announced today to sell its remaining 500 million shares of General Motors virtually guarantees a substantial taxpayer loss on the $49.5 billion bailout. The Treasury Department today said that it will sell all its stock in GM within 12 to 15 months and sell 40% of its stake wit…

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Government to shed GM stake, taxpayer loss likely