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BusinessWeek: Sotomayor's a 'Moderate on Business Issues'

185
Killgore Trout5/28/2009 11:51:57 am PDT

re: #180 FurryOldGuyJeans

The U.S. Treasury would own 72.5 percent of the new GM coming out of a bankruptcy sale process while a trust affiliated with the United Auto Workers union would own 17.5 percent, GM said in a filing with securities regulators.

I think the plan is to sell off those shares when the economy improves. We’ll make money off the deal.