POLITICO-U.S. wrestles with new role as owner

Newswire

By Eamon Javers WASHINGTON, May 31 (POLITICO) - Even as it gets set to announce on Monday the bankruptcy of General Motors, the government is struggling to set parameters on how it will act after taking a 60 percent stake in the new company that will emerge -- and now that it has become the owner of a significant swath of Corporate America. With the GM deal, the federal government now owns all or part of GM, AIG, Freddie Mac, Fannie Mae, and other companies. One of several senior ...

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