WSJ: Feds turned down GM request to sell its remaining shares (video)

The Wall Street Journal released a report today, which indicated that the U.S. Treasury Department is unwilling to sell off its stake in General Motors, because to do so now would lead to a very large loss on the investment for the government. GM proposed the buyback plan to the Treasury Department, earlier this year.
The Treasury currently holds a 26.5-percent stake in GM, or roughly 500 million shares. WSJ reported Friday that the government would stand to lose about $15 billion if it sold all of its GM stock for the roughly $24 the shares now command.

Autoblog , WSJ: Feds turned down GM request to sell its remaining shares (video), WSJ: Feds turned down GM request to sell its remaining shares (video)