As you know GM's been trading below the original IPO price, putting every IPO buyer at a loss. Yesterday there was news out that the administration is considering "Cash for Clunkers Part 2"
Wouldn't this be interesting if the IPO was backed with government guarantees of fiscal stimulus or subsidies more or less for GM should it not stand on its own two feet? Welcome to the circus.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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