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US lost $9.7b on GM through September, IG says

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The U.S. Treasury’s bailout fund has lost about $9.7 billion on its rescue of General Motors Co. and would need to sell its remaining shares in the automaker for an average of $147.95 to break even, a report to Congress said. The Special Inspector General for the Troubled Asset Relief Program in a report issued today estimated the realized losses on all GM shares sold from November 2010 through...

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