I have been wondering about this for a while. The USG could easily make some moves that would spike GM stock up temporarily, so the administration could dump it on the good news. “It’s not illegal if the President does it”, as another President once said. The really interesting question s whether the UAW would be allowed to dump their stock, giving them a huge war chest they could spend in 2012. Know anything about whether the UAW is free to sell its stock in the IPO?
The stakes are so high, it is hard to believe that the Obama administration will not use this for political advantage.
The GOP political leadership needs to be focused like a laser on the resale of this GM stock.
The MSM will cover up or refuse to report on this, or may simply not be smart enough to understand it.
Transparency is the only solution. Only massively crowd-sourced scrutiny will prevent the worst abuses.
Corruption on a multi-billion dollar scale is inevitable otherwise.
There are good reasons why we do not have the Government buying and selling huge companies. The GM buyout should never have happened in the first place. A cookie jar this big will attract grasping hands.
Is anyone paying attention to this?