Selling Off Government Motors
Steve Spruiell and Mickey Kaus present plenty of good reasons to be skeptical reagrding the General Motors IPO. It strikes me as a near-impossibility after what the company has been through to believe that you can trust the company's books. I'm still not interested in buying one of their cars, and I don't know many people who are jonesing for a Caddy or a Buick.... let alone a share of the companys's stock.
Labels: bad investments, GM bailout
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