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White House to sell GM stock; Taxpayer loss about $12 billion

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On the campaign trail President Obama repeatedly claimed that we “got back every dime” used in the bailouts. Well, that was way, way back in … October. Today, the Treasury Department announced it was selling half of its stock in GM back to the company for $5.5 billion and will try to sell the rest over the next 15 months. The cost to the taxpayers for this? Probably in the neighborhood of $12...

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