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GM Officially Files IPO

Liza Jane 2010/11/03 20:00:46
Related Topics: Government
Like I was saying to some SodaHeads just last week... GM is going to be selling shares soon.

As of Nov. 18 the U.S. Treasury will be the minority shareholder. Not perfect but better than before. Eventually they won't be a shareholder at all.

The government did what they had to do to prevent GM from collapsing and now they'll be getting their money back. America needs to keep building things to keep up with the rest world and that includes American cars.

Read More: http://www.reuters.com/article/idUSWEN248120101103

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  • Kino 2010/11/04 03:50:55
  • jams 2010/11/03 21:38:13
    jams
    +3
    Maybe Bank of America will buy some GM stock with some of that money we printed for them.
  • Naui 2010/11/03 20:13:20 (edited)
  • Liza Jane Naui 2010/11/03 20:16:53
    Liza Jane
    +3
    Even if American cars suck... Americans still need to build and buy them. It's a vicious cycle. Personally I'm a Volkswagen girl. Never had a problem.
  • gfreema... Liza Jane 2010/11/03 20:24:36
    gfreeman BN-0
    +3
    I love my VW GTI.
  • Liza Jane gfreema... 2010/11/03 20:27:47
    Liza Jane
    +3
    I have a Jetta V6 with low profile racing tires... I DIED when I saw it on the lot. It's three years old and still my baby.
  • Naui Liza Jane 2010/11/03 20:34:33 (edited)
  • Liza Jane Naui 2010/11/03 20:41:13 (edited)
    Liza Jane
    +2
    I lived in Italy for a year and rode in some of the most amazing cars. The Audi's there are nothing like the cars in America. Everyone has a high-end car there.... BMW's, Mercedes, Audi's.... they're like the Ford Taurus of Europe LOL. It's a shame America doesn't have the same experience.
  • Naui Liza Jane 2010/11/03 21:04:59 (edited)
  • gfreeman BN-0 2010/11/03 20:04:46
    gfreeman BN-0
    +4
    And Cue the tea party sheep bleating about Government Motors in 3..2..1..
  • Liza Jane gfreema... 2010/11/03 20:13:43
    Liza Jane
    +3
    They were the ones bitching and whining as I tried to explain that it's not like it's a permanent thing. I said that GM would be publicly traded soon and they laughed like the ignorant Fox ditto-heads that they are.
  • gfreema... Liza Jane 2010/11/03 20:25:05 (edited)
    gfreeman BN-0
    +3
    Well, that's what you get for being reasonable.

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