September 18, 2012
Government Refuses to Release G.M.

General Motors Co. executives want the Treasury Department to sell its almost 27 percent stake in the company because, they say, the feds are hurting their image and government pay restrictions are chasing away top talent.

But Treasury officials aren’t interested in selling because it would mean posting a multibillion dollar loss during an election year, the Wall Street Journal reports.

Well, this is corrupt. But then again, it serves GM right for asking for a bailout.

  1. politicsandhypocrites reblogged this from leftybegone
  2. redbloodedamerica reblogged this from leftybegone and added:
    What? And admit that the government was a failure…in the middle of an election period? Are you mad?
  3. leftybegone posted this