TomServo92 Posted April 21, 2011 Share Posted April 21, 2011 Link Quote Link to comment Share on other sites More sharing options...
Jvrad3 Posted April 21, 2011 Share Posted April 21, 2011 What a bunch of BS! Amazing how when it's someone else's (taxpayers) money, all they are worried about is the political fallout from bailing Government Motors out of bankruptcy. Never mind the fact that we will be LOSING OUR ASS! The damage is done, why not wait and see what an improving economy will do (not just sell out as soon as the IPO allows)? Maybe they know that GM is hopeless, so we are counting our losses ASAP. Quote Link to comment Share on other sites More sharing options...
MGallun Posted April 22, 2011 Share Posted April 22, 2011 I think the government was waiting, to see if the stock would jump up after the ipo.. but along with the political issues they have, they also realize GM is building nothing that awes buyers, and that the stock will only go down from here, so they may also be thinking of takign loses as they are and move on, it would even be worse for them, if say they wait a bit more, and it just drops like a rock (which is will for sure) and lose anymore. Quote Link to comment Share on other sites More sharing options...
twmalonehunter Posted April 24, 2011 Share Posted April 24, 2011 I think the government was waiting, to see if the stock would jump up after the ipo.. but along with the political issues they have, they also realize GM is building nothing that awes buyers, and that the stock will only go down from here, so they may also be thinking of takign loses as they are and move on, it would even be worse for them, if say they wait a bit more, and it just drops like a rock (which is will for sure) and lose anymore. Makes me laugh at whole "GM repaid the bailout" crowd. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 24, 2011 Share Posted April 24, 2011 What a bunch of BS! Amazing how when it's someone else's (taxpayers) money, all they are worried about is the political fallout from bailing Government Motors out of bankruptcy. Never mind the fact that we will be LOSING OUR ASS! The damage is done, why not wait and see what an improving economy will do (not just sell out as soon as the IPO allows)? Maybe they know that GM is hopeless, so we are counting our losses ASAP. The government was always an unwilling investor in GM and only did it to avoid an uncontrolled collapse of GM causing even more disaster - they were a lender of last resort and as such should have been seeking return of ALL their money at the IPO. The government are lousy financial investors and shouldn't pretend that they know anything at all about the market, selling stock now or later doesn't matter because the euphoria over a triumphant return of GM is GONE, they missed their window of opportunity and must mow face the people over that.... Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted April 25, 2011 Share Posted April 25, 2011 (edited) I edited the topic title, removing "Fed". The AutoBlog article repeatedly refers to the "Federal Reserve", when the Federal Reserve is neither: 1) A GM stockholder 2) Synonymous with the US Treasury The WSJ article linked to the blog is correct. Edited April 25, 2011 by RichardJensen 1 Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted April 25, 2011 Share Posted April 25, 2011 http://online.wsj.com/article/SB10001424052748703916004576271382418887092.html?mod=e2tw# 1 Quote Link to comment Share on other sites More sharing options...
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