By Greg Kotzich / Associated PressA proposal by the U.S. government to buy shares in publicly traded companies could create more than $1 billion in new profits for investors, according to an analysis by The Wall Street Journal.
The government is proposing to buy up to $1 trillion of stocks in publicly held companies, including General Electric and Caterpillar, to help fund the federal government’s planned $1-trillion investment in the stock market.
Shares in GE and Caterpillars were already subject to government controls, but the government’s proposal could mean the companies are subject to restrictions like closing on Sundays and restricting access to their websites.
The Wall Street journal analyzed data from the Securities and Exchange Commission and a range of other government agencies to determine how much money the government is projected to make on the proposal.
The companies in question include General Electric Co., Caterpillar Inc., United Technologies Corp., General Motors Corp., and Procter & Gamble Co.
The Journal analyzed government data for companies subject to the same restrictions as GE, which are:Allowing limited trading and restricted sales;