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.