US: $9 Billion GM loss.

The US Government unloaded some of its shares in GM at a loss of $9 Billion.

Bloom said GM has done the right thing and pricing of $33 per share is a “fair deal” even though the partial sale represents a loss of roughly $9 billion on taxpayers’ original investment.

“We’re very comfortable with the way this went,” Bloom said.

Of course he’s comfortable. It wasn’t his money that was thrown away to save the unions for the Democrats.

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