Friday, December 17, 2010

« Treasury Says GM Buys Back Preferred Shares »

WASHINGTON—The U.S. Treasury said Wednesday that General Motors Co. had completed the repurchase of preferred stock issued to the government as part of the car maker's U.S. bailout last year.

In late October, the Obama administration announced that GM would buy back $2.1 billion in preferred stock held by the Treasury.

Continue reading at the WSJ...

Here's the real story on GM's bailout...

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