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18 Nov 2010 10:15

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Biz: GM hopes for, but can’t promise, a full bailout repayment

  • I don’t know where the market is going to be a year or two down the road, so I can’t make such a bold statement. Sure, I’m hopeful, and I’m not saying it can’t happen. I think the company is well positioned … so things look good for General Motors.
  • GM CEO Dan Akerson • Not committing to a full repayment of the taxpayers’ money from the bailout. It sounds like a hedging of the bets, honestly. If he says it now and the stock goes south, he’s on the record offering a promise he can’t keep. For what it’s worth, though, GM’s stock is doing boffo so far in its first day of trading, already up six percent in early-morning trading. source
Posted by Ernie Smith • 0 Comments • Permalink

17 Nov 2010 22:45

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Biz: GM’s initial public offering does exactly what everyone expects

  • $20.1
    billion     the amount raised by GM’s IPO earlier today (which is amazing, and the biggest ever)
  • $4.35
    billion     the amount in preferred shares the company sold, far above the $4 billion anticipated
  • 33%
    stake     the amount of GM the government will still own after the IPO, down from 61 percent source
Posted by Ernie Smith • 0 Comments • Permalink

31 Jul 2009 11:22

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U.S.: Congressmen can’t stand the heat of holding town hall meetings

  • I had felt they would be pointless. There is no point in meeting with my constituents and listen to them and have them listen to you if what is basically an unruly mob prevents you from having an intelligent conversation.
  • New York Democratic Rep. Tim Bishop • On his decision to suspend town hall meetings with his constituents after a June event got incredibly out of hand. Bishop was forced to run to his car under police escort after some of the people at the meeting got out of hand in their opinions on energy, health care, and the auto bailout. He’s not alone, but the targets tend to be House Democrats who supported the $787 billion stimulus. YELLING ISN’T GOING TO SOLVE ANYTHING, PEOPLE! • source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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