Is it like joining the mafia?

canceled.2021.1

#AMERICAISDEAD
That is what it must feel like for General Motors right now. They want to the federal gobblement to sell their remaining shares through a combination of a buyback and selling in the open market, but the Obama administration is telling them NO.

The Obama administration keeps claiming they saved GM and that they are no healthy, so why won't they let them go? Why would they keep the shares?

Obviously the reason is political. The taxpayers would take a huge loss and Obama doesn't want to get nailed with that going into the election.

Of course one could argue, if GM is doing so great why isn't their stock price higher? Given all of the priming of the pump by Uncle Ben and all of the success the regime says they are having, you would think their stock price would be higher

For what it is worth, I will not own their stock and I will never own another GM vehicle. I used to religiously drive GM, but after the bailout, I am a Ford guy now
 
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