They're making a big deal out of the public being left out, and I guess they should.
I wouldn't put 50 cents into it, it still has labor as a major holder.
Hell no.They can take those shares and shove it.I got burnt on GM stock once but no more.Because of that I will never buy another government motors vehicle.I made money on F though so I might consider purchasing one of their vehicles.
Don't worry about it since BB will use Qe money
to pay back the debt GM borrowed from the government. I bet Buffet never learned about the magic Qe can perform when he was in Colombia business college from Benjamin Graham. Perhaps when BB leaves the Fed he can teach Qe ponzi 101 courses.
Seems like that are setting the stage for delaying the IPO. Talk about not getting enough of the public involved seems like BS to me and cover to delay the IPO.
Why in the hell would I want to give my money to the government and the UAW to buy a car company when there is already too many car companies. China has something like 15 car companies, and GM is wants to compete in that market when the china car companies can sell cars for a few thousand dollars.
Gm says they can make money even selling lemons
if they don't have to pay
their debts. Sounds like the government is running this one. Unfortunately Obama saving Gm until their next bk will eventually knock off F to.