[April Lexington]

According to this formula, existing shareholders get diluted into oblivion but they continue to hold their shares. The new ocean of shares are issued primarily to the FedGov and the UAW. Then, they do a massive reverse split to bring the share value to a reasonable $18.00 or so per share. The old share holders get one new share for every 100 to 200 shares they hold, so they get squat (but, that's what owning a poorly run company does to equity). This is actually a pretty slick deal, except for the FedGov and the UAW ending up owning a majority of the company with voting control. It remains to be seen if the UAW VEBA and the FedGov continue to hold the majority and screw the company into the ground or, if the share price recovers with new capitalization, they sell their stock for a profit, diversify (especially the VEBA) and let control slip back into the private market where capitalism and freedom are restored. I guess we'll just have to trust Obama! (AND I DON'T TRUST THAT COMMUNIST FOR A STINKIN MINUTE!!!!!)

[HiTech RedNeck]

How can there be any integrity in a “government owned” company. The minute some issue comes up where the government and company would normally be at odds (some alleged civil offense or crime) what will we see? The same government as both prosecution and defense? It is to laugh, then to cry.