FEDS REFUSE TO SELL THEIR SHARES OF GM — AND THE ‘WHY’ IS QUITE INTERESTING

◼ General Motors Co. executives want the Treasury Department to sell its almost 27 percent stake in the company because, they say, the feds are hurting their image and government pay restrictions are chasing away top talent. - Becket Adams/The Blaze

But Treasury officials aren’t interested in selling because it would mean posting a multibillion dollar loss during an election year, the Wall Street Journal reports.

◼ U.S. Balks at GM Plan - Government Is Reluctant to Sell Auto Stake at a Huge Loss
◼ General Motors pushing U.S. to sell stake: report - Market Watch