U.S. Govt. Stock Trading a Failure

U.S. Sells Off Last of Its General Motors Stock, at $10.5 Billion Loss

U.S. taxpayers no longer own any of automaker General Motors. The Treasury sold the last of its remaining 31.1 million GM shares today.

The taxpayer loss on the GM bailout finishes at $10.5 billion. The Treasury department said it recovered $39 billion from selling its GM stock, and had put $49.5 billion of taxpayer money into the GM bailout....

The administration is thrilled that they surreptitiously  handed $10.5 billion (with a "b") to it's union supporters.

A friend of mine asks if he can write the stock loss off on his income taxes.