Posted on 04/09/2014 7:11:08 AM PDT by Vigilanteman
Do you know Ally Financial Inc.?
You've no doubt seen their commercials. They used to be all over the tube hawking their high-yielding certificates of deposit. Now they're all over the tube with their "no hidden fees" campaign.
. . .
But Ally isn't funny.
It recently announced that it's launching an initial public offering (IPO) of its stock at a price per share of $25 to $28. The shares will be offered by the U.S. Treasury as part of its planned exit of its investment in Ally during the subprime crisis in 2008.
I've heard some analysts say this could be a good deal for investors.
But I can't believe the U.S. government wants to unleash this on the public.
Ally was formerly GMAC (General Motors Acceptance Corporation), a finance unit of General Motors. They got stupid-greedy and got into subprime-mortgage lending instead of sticking to their auto-financing knitting.
GMAC looked clever for a while.
(Excerpt) Read more at moneymorning.com ...
Now, the government owns them outright and wants to "privatize" one of their biggest players.
Enviros tell us turtles vote for Obama and now the green back is in love with him... smh... the guy is a pot head and smokes the stuff.
The U.S. feral government doesn't like people very much.
E. Pluribus Unum:" The U.S. feral government doesn't like people very much."
Between the ALLY/ GMAC/ GM cronyism payola
And Ovomitcare expense increases, not to mention deductables
This is another case of : "BAIT AND SWITCH " , and yes , you are correct ,
"The U.S. feral government doesn't like people very much."
and they are purposely going to tax and bankrupt us all, even after we die .
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