Treasury to Start Sellng GM Shares
Will likely lose billions in the sales
Washing away the stink of favoritism and failure is a long ways away
The bailout exemplifies much of what's wrong with government.
Government still holds 200 million shares
GM shares trade at half the value needed for taxpayers to break even
Had profits in every region except Europe, which ruined it all
Folks on the continent aren't in a "new car" mood these days
Everybody says everybody else's campaign is "desperate."
Rejected a plan from GM to unload its stakes in the auto firm
Obama is reluctant to shoulder responsibility for the overall state of the economy, but doesn't mind taking credit for every car sold since 2009.
That's not the sort of thing you can make up in volume
The only things GM is good at doing are thing the White House doesn't like
The government is holding $10.1 billion worth of stock and sitting on an unrealized loss of $16.4 billion.
Dutch sportscar maker puts a $3 billion dollar price on what it says was a deliberate effort to bankrupt the Swedish company
Case going to trial today pits general creditors against hedge funds and could undo the sale of the company
Emails show Timothy Geithner led effort targeting non-union workers when the government took control of Delphi
GM accused of deliberately destroying Saab by Dutch sportscar manufacturer