Allahpundit
HotAir.com
8/5/2010
They’re preparing an IPO and want the feds’ shares — all of the feds’ shares — to be part of it. Treasury’s considering it, but you know how it is: Once you’ve got hold of something special, it’s … so hard to let go.
“We want the government out, period,” Mr. Whitacre said in comments after speaking at an automotive conference in northern Michigan. “We don’t want to be known as Government Motors.”
…The department issued a statement in June saying that G.M. would control the timing of the offering but that the Treasury would“retain the right, at all times, to decide whether and at what level to participate in the offering, should it occur.”…
The complete article, with video, is at HotAir.com
