This just in..... The Treasury Department says it has received $11.7 billion from the sale of 358.5 million shares of General Motors stock. Treasury announced that the net proceeds from the GM stock sold last week were delivered on Tuesday. Treasury officials said that the government could receive an additional $1.8 billion, assuming the underwriters exercise options to purchase an additional 53.8 million shares of GM common stock within 30 days of the initial stock offering. The government put $49.5 billion into GM as part of its bailout of the giant automaker. Not bad for the company that just 24 months ago had to be bailed out by the United States Government. Congatulation GM!
For all of you travelers, be safe driving during this holiday weekend, For those of your flying, be extra patient with the TSA folks... they don't like patting you down any more than you would them.
Happy Thanksgiving!
Drive Your Bargain,
Anne
