Why the Government Is Dumping GM Stock
The Treasury Department announced they’ll finally sell off the rest of the GM stock owned by the government.
Must’ve found a company in even worse shape to invest our money in.
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January 8th, 2013 at 4:13 pm
They are selling now because the plan to outfit Chevy Volts with a roof panel from Solyndra just didn’t work out. It seems there are too many Romeny wannabes that put their dogs up there and it blocks the sun.
January 8th, 2013 at 4:23 pm
“Must’ve found a company in even worse shape to invest our money in.”
MSNBC
January 8th, 2013 at 4:30 pm
Seriously, it was because they couldn’t show the loss they are taking before the election. Good time to short GM, there are going to be lots of shares coming on the market.
January 8th, 2013 at 4:35 pm
It’s time to start paying back the big election contributors with government backed loans to their soon-to-be-bankrupt start-up companies.