Answering a few question -
Why do Feds continue to hold GM stock? - Everything about Feds is about POWER. Holding this stock gives them POWER over GM. They could give a hoot about finance, freedom, technology, etc - they trample those categories daily.
Lutz is a PR man, with politcal - not technical - skill set. Look at the coverage and attention he is garnering for his bosses. Did he have a few good runs - a few DECADES ago? He isn’t a technologist - just an old man. Probably - played the political game for his victories then, and continues to play the same game now.
I agree on both points.
Obama and thugs view holding the stock as power and control, he could care less it’s the taxpayers money.
Lutz should fade away while he still has a little self respect.
“Everything about Feds is about POWER. Holding this stock gives them POWER over GM.”
Don’t kid yourself. General Motors Company execs don’t mind and actually prefer the current arrangement.
At least that’s what my instincts are telling me.