YOUR TAX DOLLARS AT WORK: Senator Says To Hold On The GM Stock Even If It Is A $16 Billion Loss

Sen. Carl Levin, D-Detroit, warned Wednesday that a quick sale of the Treasury Department's remaining 26.5 percent stake in General Motors Co. could hurt the company and send its stock price sinking.

Levin's comments came after former Massachusetts Gov. Mitt Romney told The Detroit News on Friday that he would quickly sell the government's remaining 500 million shares of stock in the automaker — even if it means a $16 billion loss for taxpayers.

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