Feds Might Take Equity Stake in GM

Great now the American people will directly own shares in a car company as well as an insurance company, a bank, and 2 mortgage companies.

The U.S. government may take an equity stake in a leaner version of General Motors Corp. to reduce debt owed to the U.S. Treasury, Bloomberg News reported late Monday on its Web site, citing people familiar with the matter.

I better see some dividend checks on the stocks that the Treasury Department now owns on my behalf. Or at least give me a deal on a new GM car now that I and every other taxpayer is suddenly long GM stock.