General Motors (NYSE:GM) will finally shed the US Federal Government as a shareholder. The market expects Uncle Sam will take a haircut of $10 Billion. Roughly the cost of a small cheap aircraft carrier.
Assuming a population of 230 million that’s $43,478 per man women and child within the public debt which needs to be repaid eventually.
God Bless America. But the devil controls the treasury.
George Gutowski writes from a caveat emptor perspective.