The U.S. Treasury Department announced Tuesday it had sold its remaining shares of American International Group Inc. (AIG), ending the largest government bailout of the 2008 financial crisis.
The United States ranked 18th in a recent study on worldwide economic freedom, falling behind countries such as Finland, Chile, Mauritius, and Qatar.
The Obama administration has rebuked pleas from General Motors to sell off government shares to the automaker.
President Barack Obama will announce a trade complaint against China during a campaign stop in Ohio today, Reuters reported.
CarMax cofounder and ousted CEO Austin Ligon will speak at the Democratic National Convention Wednesday night to tout President Obama’s leadership, but Ligon’s own record has been marred by failures of leadership.
Several corporations—including banks that accepted federal bailouts totaling in the billions—have contributed more than $20 million to fund the Democratic National Convention (DNC), according to a Bloomberg report.
A bailed out General Motors expanded its small truck and SUV manufacturing in China soon after closing down similar facilities in Janesville, Wisconsin—the plant Barack Obama pledged to save and keep open for “another hundred years” in 2008.
General Motors’ financial arm is finally turning a profit since receiving a $17.2 billion cash infusion from the American taxpayer. But the money is going into the pockets of wealthy financers, not the U.S. government, according to Dealbook.
Liberal billionaire George Soros bought a $40 million stake in British soccer powerhouse Manchester United less than one month after General Motors entered into a $600 million endorsement deal.
General Motors is attempting to buyout part of America’s worst performing bailout recipient, Ally Bank.