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the treasury needs to increase the debt ceiling so they can raise money to buy aig and gm in the secondary market
Good for a pop, and now soon under 31
Not a problem. The Fed will repo the shares and Treasury will get its cash.
No mark to market, no margin call, no problem.
to QE3, or not to QE3? That is the question....
What exactly is supposed to happen by September?
ummmm.......qe3? or if sept. 2012 qe5 or qe6?
Did any taxpayer really expect to get their money back? Taxpayer rape from another position.
Expectations zero. Timmay needs to pony up 8 billion fiatscos for Fannie's miserable first quarter. These other numbers are called " unrealized losses".
....and Scene: Markets ramping higher, will end green today. Can't have Silver and Markets tanking. Goldman Obama is gently massuaging the market. Anything else, Obama will not allow.
This situation is getting serious. Barama must unload GM in his 2012 (re-elect-me-forever) campaign.
Timmy G, proving once again that he is a clueless idiot.
Tried to game capital markets and he lost.....what were the odds.
As for GM spending $2B on new factories, since they got a $45.5B tax break coming out of bankruptcy, aren't they merely engaging in a small scale government backed fiscal spending program?
Walgreen's at new 52-week highs.
Most retail stocks have stellar looking charts.
Only a matter of time before GM catches on and takes off.
One imagines that the 500m share overhang, shouldn't be a barrier to "take off" for GM.
Magically levitating equities, bitchez.
They should just off balance sheet the inconvenient shares the way banks do.
NFLX - more flight to safety
The govie trying to calm down the markets by saying they won't sell shares till things calm down
Kind of tell they are worried about volatility
I have a raging clue that is pointing over there. It's pointing to QE3 in early to mid Aug
Does the GM stock sale postponement fall into the "unexpected" category?
NYTimes: The "unexpected" mass deflation of all assets - yes, your new Volt is now worth $11, not the $34K you paid - has caused Tiny Timmah to delay the sale of more GM stock to the teeming masses, yearning to be fleeced.
The folks at the SEC sent a memo to the folks at the Treasury that is appears the Algo and HFT machines can be programmed to not just buy, as they have been front running the POMO injections. These same machines have the capability of selling in front of any large sell order the govt. may need to make to liquidate their positions.
GM is up 18 cents on the news. 31.48 (below IPO price) WOW!
From Yahoo Finance:
1y Target Est: 43.22
Now, that's funny.
How about 1y Target Est. -4.20
GM probably calculates stock values the same way they calculate the Volt MPG.
Statistically speaking, they should be charged with assault and batteries.
i'm not buying ... any of it ! no GM auto, no GM stock, no GM anything. they stole my taxpayer money & built a plant in BRAZIL . better to walk or ride a bike.
Dollah will ramp up till mid-Aug/Sept, stocks will reach 52 week lows.
Sell in May, and come back in the fall when the dollah falls and the $RUT starts to rise.
In the meantime, starve the crooks and buy PM's with the worthless fiatsco.
Just in time to sell in the beginning-middle stretch of QE3.
So Obama, via his GM ownership, is investing in factories in China (which employ thousands) to build microvans while he bemoans US companies for sending jobs overseas. And the liberal MSM gives him a total pass on this.
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