Are the Feds Rushing to Dump GM?
As part of the deal to repay its $49.5 billion bailout, General Motors gave the U.S. Treasury a lot of stock -- more than 500 million shares. The government has been selling its shares for several months now. Originally, it was expected to be done selling sometime next year -- but it looks as if the feds' selling plan is ahead of schedule.
GM's CEO, among others, is saying that the government could sell the last of its GM stock before the end of 2013. What's the deal? In this video, Fool contributor John Rosevear looks at the latest on the government's plan to sell off its shares -- and at the big problem GM could be facing once the U.S. Treasury is no longer a GM shareholder.
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The article Are the Feds Rushing to Dump GM? originally appeared on Fool.com.Fool contributor John Rosevear owns shares of General Motors. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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