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Government sells remaining stake in General Motors

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DETROIT — The U.S. government ended up losing $10.5 billion on its bailout of General Motors, but still says the alternative would have been much worse. Treasury Secretary Jack Lew announced Tuesday that the government sold its remaining shares in the Detroit automaker. The government received 912 million GM shares, or a 60.8 percent stake, in exchange for a $49.5 billion bailout during the...

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