The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
August 19, 2010

Bailed-Out GM Files Papers for Public Offering
----------------------------------------------



And the bailed-out auto giant General Motors has taken steps to sell off
company shares in a public offering later this year. On Wednesday, GM
filed papers with regulators that would allow the US government to
unload its majority stake. GM avoided collapse with a taxpayer-funded
$50 billion bailout last year, earning it the nickname "Government
Motors."



.