Feds launder $20 billion in fraud with GM IPO GUARANTEED to flop over next 6 months blowing a hole through YOUR pensions

17 Responses to Feds launder $20 billion in fraud with GM IPO GUARANTEED to flop over next 6 months blowing a hole through YOUR pensions

1. Marc Authier | November 18, 2010 at 8:19 am |

   Great short candidate.

2. snoop diddy | November 18, 2010 at 8:27 am |

   currency devaluation and theft in real time. printing shares is the same as printing money as far as the whole economy is concerned, it’s a value stealer. It’s basically two bailouts – the first one was govt enforced and now this one is pension plan enforced throught the various funds who’ll be buying in.

   China will probably pick over the bones of it when it dies, they’re running out of people to bail it out:

   http://www.reuters.com/article/idUSTOE6AH00G20101118

   SAIC still negotiating possible GM IPO stake-paper

   SHANGHAI Nov 18 (Reuters) – SAIC Motor Corp (600104.SS) is still deciding whether or not to participate in General Motors Co [GM.UL] increased initial public offering, the China Securities Journal reported on Thursday quoting industry sources.

   The Chinese car maker is expected to announce the outcome later on Thursday when General Motors (GM.N) makes its trading debut in New York and Toronto, the Securities Journal said…

3. Marc Authier | November 18, 2010 at 8:32 am |

   @snoop diddy

   More cars produced and sold in China this year than in USA. China has made a very bad choice. The car is a dying industry and it destroy economic activity. It’s a cancer.

4. Marc Authier | November 18, 2010 at 8:36 am |

   And a cancer for the environnement. I wouldn’t live in China. NON MERCI ! Growth or no growth. Quality of life, like being able to have clean air and water has will soon be priceless.
   Car industry is a terrible industry.

5. Mother Earth | November 18, 2010 at 8:40 am |

   @Marc Authier

   Car dying industry .. How so?

6. snoop diddy | November 18, 2010 at 8:44 am |

   @Marc,
   yep, but people love the invention of the wheel,
   I hope there is some advancement in cleaner tech for cars as people are addicted.

   I wouldn’t want to live in China either really. They’ve built along the coast and any other progress in the rest of the country will be held hostage to the concerns of the coastal cities just like every other nation with a long coast line. Now the coast is just a big polluted factory. Is that real progress?

7. Marc Authier | November 18, 2010 at 8:45 am |

   @Mother Earth
   Massive OVERPRODUCTION. Still is the case. Last year there was an overproduction of 20 million cars. Now that’s saturation and a dying industry indeed.

8. Mini US | November 18, 2010 at 8:47 am |

   If your pension is still in shares maybe its time to take control.

9. Marc Authier | November 18, 2010 at 8:48 am |

   @snoop diddy
   No. Specially if you have problems with a country of 1,3 billion people. Car industry is just a cancer. Don’t have to go very far to have a concrete proof what type of problems cars create.

   The city is called LOS ANGELES.

10. Mini US | November 18, 2010 at 8:49 am |

    Off Topic.

    Its Back – Human Bird Flu case in Hong Kong

    What a freakin’ surprise folks.

    http://english.peopledaily.com.cn/90001/90782/7203814.html

11. Mini US | November 18, 2010 at 8:50 am |

    Anything China do for the USA these days, you KNOW they are getting something for it

12. Marc Authier | November 18, 2010 at 8:54 am |

    @Mini US
    Oh my God ! The flu is not back. It’s there 365 days per year. There is about 365 different flu strains. Most vaccines are useless for the flu. Know why ? The virus changes its genetic code too rapidly. But it’s good business to terrorize the morons. Like 911 and Al-Mossad.

13. Mini US | November 18, 2010 at 9:14 am |

    @Marc

    Absolutely.
    Its not that this person had the flu, its that it is now international news again.

14. flicks | November 18, 2010 at 10:22 am |

    For me the development of the ultra capacitor for electric storage to power cars is an all important future. Batteries as they are now for cars are far too expensive, toxic and time consuming to recharge, even waiting around for 25mins. The power storage has to be low cost and not subject to being killed by heat and depth of discharge which all batteries are at the moment.

15. Jon | November 18, 2010 at 10:58 am |

    There is no overproduction of cars in China as that market is growing every year there is then under production.

16. microhousehold | November 18, 2010 at 11:11 am |

    The car industry was dead about one and a half year ago (2009).
    If it weren’t for the bail outs and cash for clunkers.

    It will die at some point in this (21th) century.

17. minosgal | November 19, 2010 at 4:36 am |

    GM is pricing the Volt at $41K.
    Ya gotta figure they are using battery and other components from china, and then just go on Ali Babba to get a ball park mark-up.
    GM has not changed its philosophy of cachet-based marketing.
    They are in a position to help wean the U.S.off oil, but no, GM chooses to sell status symbols like it’s the cocaine 80s.
    Assholes.