Uncle Sam Books 50% Loss As Government Motors Buys Back 200MM Shares From Tim GeithnerZeroHedge
Dec. 19, 2012
Instant Justice: Antifa Assaults Journalist In DC, Gets Arrested Immediately
Bill Nye Show: White People Need to Stop Using 'Asian Wallpaper,' Ruined Yoga With 'Their Lululemon Hands'
French Mayor Found Guilty Of Incitement For Saying 91% Muslim Classrooms Are a 'Problem'
Obama Cashing In With "$400K Speech" to Wall Street Bankers
Maxine Waters Paid Daughter Nearly $650k From Campaign Funds
A few days after divesting its stake in the firm that started it all, AIG, and at a profit at that (ignoring that the risk has merely been onboarded by the Fed whose DV01 is now $2+ billion as a result), the US Treasury continues to divest of all its bailout stake, this time proceeding to GM, where the channel stuffing firm just announced it would buyback 200MM shares from the US government at a price of $27.50.