US selling off its some of 61% chunk of GM, but not to little guys

16th November 2010, Comments 0 comments

The Los Angeles Times looks at the absence of small investors when General Motors shares go on sale Thursday 18 November in an IPO initial public offering that follows GM’s 2009 bailout by the government. Washington owns 61% of the company after spending nearly 50 billion to keep it together and help it through bankruptcy ...

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