https://hotair.com/headlines/archives/2010/11/21/why-the-feds-are-selling-gm-stock-at-a-loss/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usWed, 10 Jun 2026 09:41:39 -0400<![CDATA[First, the government is what is known as a “motivated seller.” By offering such a low stock price, the administration is essentially admitting that it has no place in running an auto company. While GM’s financial position is much better than it was when it should have gone bankrupt, the company’s finances are not great. A quick crunch of any of the numbers in the GM prospectus shows the company is not the healthy organization the politicos would have you believe. They have done a poor job running the company, even if they did save it from going under by ignoring the law and throwing billions of dollars at it. The sale prospectus even admits “our (that is, the government’s) disclosure controls and procedures and our internal control over financial reporting are currently not effective.” Hardly a ringing endorsement!]]>Sun, 21 Nov 2010 17:00:24 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2010/11/21/why-the-feds-are-selling-gm-stock-at-a-loss-n79301