Ralph Nader's Public Citizen watchdog urges President Obama to suspend GM's anticipated IPO next...

|By:, SA News Editor

Ralph Nader's Public Citizen watchdog urges President Obama to suspend GM's anticipated IPO next week, at an expected loss to taxpayers of almost $5B. The group says the IPO "is being driven by a government desire to exit from GM ownership as soon as possible, even at the expense of better recoupment of the taxpayer investment."