U.S. Sells Off Remaining Stake in Ally Financial

The U.S. Dept. of the Treasury is disposing final 54.9 million shares in Detroit's based Ally Financial Inc.

The stake, equal to about 11% of Ally, is expected to sell for about $1.25 billion.

The Treasury Dept. acquired 74% of Ally in 2008 in exchange for funding the company's $17.2 billion bailout through the Troubled Asset Relief Program. Ally estimates that, after the current sale, the government will have recovered $19.5 billion.