Posted on 05/22/2010 5:34:26 AM PDT by Need4Truth
WASHINGTON (AP) -- The Treasury Department has hired Lazard Freres & Co. as its adviser to prepare for an initial public stock offering by General Motors Co.
(Excerpt) Read more at finance.yahoo.com ...
Can’t wait to short this pig.
Board of Directors
Kenneth M. Jacobs | |
Ashish Bhutani | |
Ronald J. Doerfler | |
Steven J. Heyer | |
Sylvia Jay | |
Ellis Jones | |
Vernon E. Jordan, Jr. | |
Philip Laskawy | |
Laurent Mignon | |
Gary Parr | |
Hal S. Scott | |
Michael J. Turner |
This is just absurd window-dressing to pretend that there is any possibility of an IPO. $6 million for a year, or $3 million if no sale, is absolute chicken feed to the investment bank and will mean they’ll assign a couple of junior people to prepare some impressive looking paperwork that means nothing.
Consider this the Obamatrons spending $6 million of taxpayer dollars to deceive the taxpayers for at least a year that this pig is EVER going to fly.
And I bet investors are just lining up to buy this stock so they can hold it until the next time it’s worthless or the government decides to take it away.....
hh
How many FOBSs (Friends of Barry Soetoro) will be involved in insider trading and get away with it?
So from this amateur's prospective, there's no way that a share of Gubment Motors is worth more than a share of Ford. Look for this turkey to drop lower than the regime's approval ratings. I'd be short on this one.
This should be a mandatory purchase by every union pension fund in the country.
It will be interesting to see who lines up to buy it. I'd look for a big initial surge followed by a huge drop. Classic pump and dump, with the well connected FOBS walking away with a big payoff while the poor suckers who invest their IRA money get screwed AGAIN.
It's still legal for CONgress critters. The amendment in the so-called financial reform bill that would have changed that was dropped.
I’ll bet all my buckwhats that Toyota will be first in line to buy the stock.
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