The initial public offering of General Motors last week netted $11.7 billion for the U.S. Treasury, which invested taxpayer money into keeping the then-struggling automaker solvent during the financial crisis as part of its Troubled Asset Relief Program.
Continue reading General Motors IPO Nets $11.7 Billion for the U.S. Treasury
General Motors IPO Nets $11.7 Billion for the U.S. Treasury originally appeared on DailyFinance on Tue, 23 Nov 2010 16:23:00.
Filed Under: Company News, Economy, Investing, General Motors, Autos