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By John R. Bolton
Reality calls for attaching Gaza to Egypt and the West Bank to Jordan
Topic - General Motors Chapter 11 Reorganization
Say goodbye to "Government Motors." The Obama administration announced Monday the Treasury Department has sold its remaining shares in General Motors at more than a $10 billion loss for taxpayers, about five years after providing the country's top automaker with a $49.5 billion bailout in exchange for a majority stake in the company that helped it earn the nickname "Government Motors."
General Motors moved Wednesday to shed its "Government Motors" nickname, buying back a chunk of its stock from the federal government as the Treasury Department announced plans to eliminate its losses in the company's stock by early 2014.