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Monday, August 21, 2017
bail out

G.M.’s Push To Sell New Stock Could Cost Taxpayers $5 Billion

Last fall, right after the midterm elections, it looked like the Obama Administration’s decision to bail out General Motors wasn’t just necessary, but also profitable: The company’s first public offering made the American taxpayer a cool $13.5 billion, and the price of the newly available stock was supposed to rise to $40 or $50 per […]

June 23, 2011