Should The Fed Just Take The Loss And Let GM Fend For Itself?

General Motors Co. chairman and CEO Dan Akerson held a series of talks with Treasury Secretary Tim Geithner in March, according to records released by his office.

The Treasury Department released Geithner's calendar records that show the previously undisclosed talks.

Akerson and Geithner held an hour-long meeting on March 5 in Washington in the Secretary's Small Conference Room.

That was followed by a 25-minute phone call between the two on March 7 and another 15-minute phone call on March 9.

GM and Treasury didn't immediately offer a comment on the discussions.

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PLAY - 9/21/2012 6:57:25 PM

+2 Boost

GM should just buy the governments stake at a break even rate if it wants the government out. It shouldn't expect the government to take a loss though.

Steve - 9/22/2012 4:22:02 PM

+1 Boost

The Feds should stop borrowing mountains money on its citizens' behalf, and then doling it out to mismanaged, money-bleeding mega-enterprises. I believe that's where the real problem started!

PUGPROUD - 9/22/2012 8:08:58 PM

+1 Boost

Government should sell GM stock to Congress's pension plan for $55 a share...they got us into this mess so they should have some skin in the game !