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US sells last shares in GM, exits historic rescue

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(Globalpost/GlobalPost)

The US Treasury sold its last shares in General Motors on Monday, ending the dramatic rescue of the auto giant at the height of the financial crisis five years ago.

The huge 2008 bailout, controversial at the time, "helped stabilize the auto industry, and prevent another Great Depression," Treasury Secretary Jacob Lew said.

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http://www.globalpost.com/dispatch/news/afp/131209/us-sells-last-shares-gm-exits-historic-rescue-1