http://www.forbes.com/2010/08/30/general-motors-ipo-elections-opinions-columnists-shikha-dalmia.html
Uncommon Sense
Obama’s ‘Mission Accomplished’ Moment At GM
Shikha Dalmia, 08.30.10, 12:21 PM EDT
The company’s politically motivated IPO could jeopardize taxpayer ”investment.”
*** begin quote ***
The General Motors IPO, the second largest ever, is arguably this decade’s most hyped financial event. But it might also turn out to be this decade’s biggest financial fiasco. Its timing is driven not by the financial needs of the company– or the interests of taxpayers who are poised to get royally screwed–but the election-year needs of the Obama administration.
*** end quote ***
And, we still got screwed as the GM bond holders.
# # # # #
Reinke Faces Life 