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bailout

WWJ Photo/Kasey Stoddart

Government Sells Another $811 Million In GM Stock

The government is getting closer to selling all of its General Motors Co. stock.

WWJ Newsradio 950–09/11/2013

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Government Needs $95.51 Per Share To Break Even On GM Bailout

“There’s no question that Treasury, the taxpayers, are going to lose money on the GM investment,” said Special Inspector General Christy Romero.

WWJ Newsradio 950–07/24/2013

President Barack Obama. (Credit: Win McNamee/Getty Images)

Feds Showing Little Enthusiasm For Detroit Bailout

There seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry.

WWJ Newsradio 950–07/20/2013

(Justin Sullivan/Getty Images)

Treasury To Sell 30 Million Shares Of GM Stock

The U.S. government plans to sell another 30 million shares of General Motors stock in a public offering on Thursday as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.

WWJ Newsradio 950–06/05/2013

General Motors Chairman and Chief Executive Officer Dan Akerson speaks at the 2012 GM annual meeting of stockholders in Detroit. (credit: Bill Pugliano/Getty Images)

General Motors To Buy Back 200M Government Shares

General Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury.

WWJ Newsradio 950–12/19/2012

Mitt and Ann Romney (Photo by Joe Raedle/Getty Images)

Opinion: Mitt Romney’s Bailout Double Standard

Romney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to “hit bottom” and letting Detroit go bankrupt.

07/25/2012

US President Barack Obama speaks at the United Auto Workers (UAW) conference in Washington, DC, February 28, 2012 (credit: SAUL LOEB/AFP/Getty Images)

President Obama Defends Auto Industry Aid

President Obama says those who opposed government aid to the auto industry are “rewriting history.”

WWJ Newsradio 950–02/28/2012

Pete Hokestra (Credit: Alex Wong/Getty Images)

Senate Hopeful Pete Hoekstra Faults Auto Bailout

“Where this got all messed up is when the government and the executive branch started rewriting the rules (to) whatever they wanted,” said Pete Hoekstra, one of several Republicans vying to take on Democratic incumbent Debbie Stabenow.

WWJ Newsradio 950–02/25/2012

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Car Czar: Gov’t Should Hold On To Remaining GM Stake

President Obama’s former car czar Steven Rattner,says the government should hang on to its stake in General Motors, even if it’s not the politically expedient thing to do.

WWJ Newsradio 950–12/15/2011

big 3 bailout

Gov’t To Lose $14B Of Auto Bailout Funds

The Obama administration says the government will lose less than 20 percent of the $80 billion used to bail out the U.S. automobile industry.

WWJ Newsradio 950–06/01/2011

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