The U.S. Treasury Department had previously announced plans to sell all of its remaining General Motors (GM) stock by early 2014. The government this week released an investment transaction report that showed its divestment plans have advanced further than expected – with its stake in GM shares dropping from 13.8 percent on June 12 to 7.3 percent now. The government is expected to lose a total of about $10 billion on the 2008 GM bailout, although the exact figure depends on GM’s stock performance in the next few months as additional shares are sold.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: