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Monday, September 20, 2010
U.S Goverment looking to china and others to invest in GM
The U.S. Treasury loaned GM about $50 billion to help it through bankruptcy protection last year. GM has repaid $6.7 billion. The rest of the bailout money was converted to a 61 percent government stake in the company. The government hopes to get the remaining $43 billion back with stock sales that could start in mid-November.
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