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Old September 17th, 2012 #10
Fred
Commie Killer
 
Join Date: Mar 2007
Posts: 3,615
Default General Motors pushing U.S. to sell stake

The folks over at Ford must be laughing.


General Motors pushing U.S. to sell stake

http://www.marketwatch.com/story/gen...ort-2012-09-17

By William Spain

CHICAGO (MarketWatch) -- The Treasury Department is resisting General Motors' push to for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company's reputation and its ability to attract top talent due to pay restrictions.