New report from McClatchy has the government owning the majority of GM. I speculated about this yesterday, and was not surprised that the reports today was that I my unsupported theory was wrong and the company was going to remain privately owned. Now, it seems, the reports are mixed. I am skeptical of both reports, and would probably believe that neither report is accurate. Moreover, I believe that the government is probably keeping its options open. I really wish that there was some high powered Bankruptcy talent in the Obama administration, but wall street generally doesn't like to mingle with skid row; even in the corporate side which they consider vulture capitalists--like venture capitalist are Eagles are something. I will keep an eye on this story, and will update it as news comes in.
U.S. taxpayers soon may be General Motors' new owners | McClatchy
No comments:
Post a Comment