Five years after intervening in the automobile sector, the federal government sold the last of its remaining shares of General Motors Co. today.
The U.S. Department of the Treasury pumped $49.5 billion into the company during the recent recession, receiving shares of stock in the new company after it exited bankruptcy. After selling all of its shares, the government exited with a total loss of $10 billion.
In a statement issued Monday, General Motors cited a report showing that the bailout of automobile…
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