This article originally appeared at National Review’s The Corner. Click here to read the full article.
By Ike Brannon
Last month, the federal government fully extricated itself from its investment in General Motors, selling its remaining shares on the stock market. The government injected almost $50 billion into the company to save it from a bankruptcy process, taking claim to 60 percent of the company’s stock for its troubles. By disposing of the stock over time, it recouped all but $10 billion of that investment.