GM payback

[finnbow]

Originally Posted by d-ray657

... I'm not sure how the ownership share will be recovered by GM.

Regards,

D-Ray

When the Feds decide to sell their stock. They have to sell judiciously in order to not depress the share price by flooding the market with GM shares. The Federal gov't. actually stands to make money on the GM bailout. How about that? Save jobs and the domestic auto industry and make a few shekels for the treasury in the process. The Wingnuts are likely shittin' themselves.

[d-ray657]

Originally Posted by finnbow

When the Feds decide to sell their stock. They have to sell judiciously in order to not depress the share price by flooding the market with GM shares. The Federal gov't. actually stands to make money on the GM bailout. How about that? Save jobs and the domestic auto industry and make a few shekels for the treasury in the process. The Wingnuts are likely shittin' themselves.

It all sounds very stimulating to me.

On the other hand, I wouldn't be surprised to see Wall Street try to Punish Obama for pushing financial reform. I'm sure some in the industry who could bring down the market if they wanted to.

Regards,

D-Ray

[Boreas]

Originally Posted by finnbow

The Federal gov't. actually stands to make money on the GM bailout. How about that? Save jobs and the domestic auto industry and make a few shekels for the treasury in the process. The Wingnuts are likely shittin' themselves.

Yes, just like they did when they bailed Chrysler out all those years ago.

John