Treasury Says It Will Move Forward With Dumping GM Shares At Massive Losses

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 department said on Monday.

"We are pleased with the progress to date and will continue exiting this investment in accordance with our previously announced plan and timetable, and in a manner that maximizes returns for taxpayers," said Tim Massad, Treasury assistant secretary for financial stability, in a statement.



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PUGPROUD - 5/6/2013 4:54:53 PM

+2 Boost

Another hit our grandchildren will have to absorb...shame shame shame.

mrcassis - 5/6/2013 5:08:11 PM

+1 Boost

Lets go conservative nuts! Lets all hold hands for our weekly ritual and....LLLLLLLLLLLLLETS get ready to bash Obaaaaaaaaaaaaaaaaaaama!!!!

randy3023 - 5/8/2013 1:24:08 AM

+3 Boost

Let's THHHROOOW money into the toilet!! Let's THROOOOW money into the toilet!! Obaaaammmmaaa!

ParadoX - 5/6/2013 9:03:14 PM

+4 Boost

They should force GM to do a buyback. This sale for a loss is ridiculous.