old GM over a buck again

Discussion in 'Stocks' started by stock777, Aug 11, 2009.

  1. what do all the 'zero or less' crowd have to say to that?
  2. The Rumor is Goldman Sachs is buying the stock so they can take the old GM private and then when the government starts the new GM IPO they will give the Motor Liqudation stock holders the ability to do a 1 for 10 swap.

    What then happens is GS becomes the whole owner of the new GM and the government ends up owning motor liquidation stock at taxpayer expense.

    I am just throwing out another Goldman Sachs Urban Tale :)