There is no "Public" in the New GM "Initial Public Offering" of stock...
By ParaTed2k
@ParaTed2k (22940)
Sheboygan, Wisconsin
November 18, 2010 3:00pm CST
Just like everything else involved with Obama's theft of GM, the IPO rules are just as corrupt.
Unlike most IPOs (which are offered to the "public" as the name would imply), the New GM stock can only be bought by those the underwriters allow.
In other words, union leaders and George Sorros can buy stock in The New GM... but you and I can't.
Another lie from the corrupt trash running our government.
http://www.chieftain.com/business/local/article_1dde2260-f2c6-11df-b77b-001cc4c03286.html
1 person likes this
4 responses
@Chiang_Mai_boy (3882)
• Thailand
19 Nov 10
If you take the time to read the article you linked to you would understand that there is nothing unusual about this. Most IPOS initially end up in the hands of large institutional investors. Sorry, no government conspiracy here, in fact no or only quite limited government involvement. What this is proving is the initial wisdom of the bailout.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
19 Nov 10
Once again, someone tries to defend Obama by pointing out that he's no different than anybody else.
Tell me, if Obama "saved" GM, how is this an "IPO" at all?
@ParaTed2k (22940)
• Sheboygan, Wisconsin
19 Nov 10
The Obama administration owns controlling interest in the New GM, what do you mean they have nothing to do with the sale? The ONLY reason there is a sale of the stock is Obama STOLE the old General Motors Corporation from the stock holders.
@Chiang_Mai_boy (3882)
• Thailand
19 Nov 10
Obama had nothing to do with the IPO so I can't even begin to understand what you are trying to get to here.
@maximumgravity1 (245)
• United States
18 Nov 10
You can't repay a loan...ert...I mean bailout funds if every small investor gets in on the action. You have to keep it limited to the guys that helped you out. You scratch my back...then scratch some more. That is the name of the capitalism game today...
@Taskr36 (13963)
• United States
19 Nov 10
Of course they paid off the loan Ted. Didn't you hear? They took another bailout to pay back the FIRST bailout. Then they started running commercials claiming they "paid back the bailout money early and with interest". It was the biggest load of crap I'd ever seen.
@djbtol (5493)
• United States
19 Nov 10
I have no money to invest, but even if I did, I would want nothing to do with government motors.
@TTCCWW (579)
• United States
19 Nov 10
This is about banks and all the insiders in Wall Street.
This story is for all the Washington Representatives that did not support restoring financial reform/regulation.
I don't understand the problem with this issue. No one was complaining when the administration suggested bailing these folks out and saving a few hundred thousand jobs at a time when we were losing 700,000 jobs a month. It's not like it had not been done before, Reagan did it for Chrysler in the eighty's and it worked out well then also.
