Conflicting stories between whether or not General Motors has approached the U.S. Treasury Department to sell its 500.1 million shares have arisen.
Yesterday we reported on The Wall Street Journal’s story stating that the Treasury rejected a GM request to sell the shares earlier this year, according to their sources. Today, sources associated with The Detroit Free Press state that The General never did such a thing, nor did they ever lay down some sort of timetable for Uncle Sam to do so.
This latest report leaves us with the following, highly plausible question. Was The WSJ bringing up this politically sensitive situation in order to stir the pot of sensationalism?