GM $13 billion IPO to cut Treasury stake to 43 percent

Comments (7)
cynicalme wrote:

Fabulous!! Wait a minute… how much is going to new product development? Zero. How much to making the unions get realistic on their fat-ass wages? Zero. How much is going to marketing? Zero. How much is going to shareholder dividends? Zero. How much is going to the old GM shareholders who were RIPPED OFF by the government run bankruptcy? Zero….. say, sure looks like anyone who puts money into this IPO is a sucker to another Barack Hussein scam.

Nov 03, 2010 12:50am EDT  --  Report as abuse
tmc wrote:

That’s why that waited until Nov 3rd.

Nov 04, 2010 4:05am EDT  --  Report as abuse

I recall reading that in order to recover “our investment” in GM that stock would have to sell for something over $100 per share. After all the rhetoric about accountability, surely we can expect to see the U.S. government acknowledge a “write-down” of its loss on this IPO.

Nov 04, 2010 8:38am EDT  --  Report as abuse wrote:

Are we now, as unwilling investors, about to engage in a giant pump and dump? Is GM still beholden to the unions and on the hook for pensions such that owners of the “new GM” will still have the same fundamental flaws to contend with which doomed its predecessor GM?

Nov 04, 2010 10:34am EDT  --  Report as abuse
Sibem wrote:

Anyway that bailout was only to save the thousand of job they have overseas. GM have plant in mexico, venezuela, etc. Theirs parts are made in Indonesia, China, or Korea. This famous bailout was the most inutile of all. Saved may be 1 or 2 americans jobs

Nov 04, 2010 4:01pm EDT  --  Report as abuse
Mutantone wrote:

How much are the unions going to get from this? I am sure that they will get all their money when the tax payers are left to take the loss

Nov 04, 2010 7:42pm EDT  --  Report as abuse
soldier777 wrote:

That’s why I buy Ford – it’s obvious that GM has corrupted itself to extinction. BTW GM, you can’t try and sell your existing brands (Pontiac) with your existing workforce (Union) included because no one wants a bunch of over paid High School graduates.

Nov 05, 2010 8:09am EDT  --  Report as abuse
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