Taxpayers are going to take a loss???? YOU ARE KIDDING!?!?!?! I am shocked! Shocked.......yeah....right.....yawn.....
A report that the US government plans to sell off much of its remaining stake in General Motors this year despite the firm's lackluster share price caused investors to flee the stock Tuesday.
After the Wall Street Journal reported a government sale could come within the next six months, GM's shares fell by nearly 1.3 percent to end at $29.59.
The government sale would 'almost certainly' mean that US taxpayers would take a loss from a politically controversial $50 billion rescue of the auto giant in 2009, according to the paper."
Wednesday, April 20, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment