U.S. Treasury Is Getting Out Of GM

Bertel Schmitt
by Bertel Schmitt
u s treasury is getting out of gm

The days of Government Motors are slowly coming to an end. “The U.S. Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector,” the Treasury told Reuters.

In December, the Treasury said it would fully exit its GM investments within the following 12 to 15 months, “subject to market conditions.” Executives want the government to be out ASAP. They are already looking at brochures of executives jets and are making plans on how to spend the big bonuses.

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  • Buickman Buickman on May 06, 2013

    Government Motor won't end with divestiture. until the citizens are made whole for the entire amount of fronted cash, the stigma will remain. ask Madlock.

    • See 8 previous
    • Highdesertcat Highdesertcat on May 07, 2013

      @corntrollio No question there. I wasn't a fan of Shrub. I believe he did irreparable damage to the US when extending the 90-day bailout terms for GM and Chrysler to give incoming Obama time to get a handle on the situation. I'm a registered Independent. Not partisan. I have voted for the best candidates regardless of their political affiliation. Bad is bad no matter which political party does it. But I agree with Buickman. The stigma will remain for a long, long time.

  • Asdf Asdf on May 06, 2013

    "The days of Government Motors are slowly coming to an end." If by government you're referring to the *American* government, you're probably right. But I still believe GM will end up being government-owned anyway - by the *Chinese* government...

  • Peter E. Puffington IV Peter E. Puffington IV on May 06, 2013

    No flame bait here...move along