USA TODAY: …The Treasury Department said in a monthly report to Congress that it has recovered about $36 billion of the $51 billion invested to bail out GM in 2008 and 2009.
The report did not detail how many shares the government sold in September. But on Sept. 17, the government said it owned a 7.3% stake in GM, down from 13.8% as of June 12. The Treasury Department has said it plans to sell its last GM shares by April 2014.
By the time it sells the last GM shares, the government is expected to have lost about $10 billion on the GM bailout. The final figure will depend on the fluctuation in GM’s stock price over the next few months… (more)
