More "Market Conditions": GM Stock Sale May Be Delayed

[stockholmer]

http://www.zerohedge.com/article/more-market-conditions-gm-ipo-may-be-delayed

First the AIG refiling, which may be pulled if the offering price has to be at a loss for the Treasury (below $29) and now:

•GM STOCK SALE MAY BE DELAYED UNTIL MID-AUG. OR SEPT.: NY TIMES
It seems market conditions now are any pullback in the Russell 2000 more than 1%

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The US continuing erosion/transition from superpower to failed domestic economy is killing GM. Only 1/3 or so of Ford's sales are in the USA, versus GM, which relied up until the recent past for 60%+ of its total sales coming from within the American market.

Look at GM's US core marques: Chevrolet, Cadillac, Buick, and GMC. All but Chevy are based on (compared to the rest of the world) petrol-guzzlers. GM is a day late and a dollar short. Most of their foreign acquisitions ended in tears, and just from 2005 to 2009, they lost over $100 billion dollars. It is a joke that they claim profit for 2010, as this is simply due to huge tax breaks ($45 billion over 10 years that was part of the bailout) and accounting practices that 20 years ago would have been illegal.

Current GM CEO CEO Daniel Akerson was a Managing Director of The Carlyle Group, nuff said there. This cruel joke is a pox on both parties. When those tax breaks, interest, and other hidden bankster/broker charges and fees are factored in, the bailout cost was over $100 billion. The US citizens, at the end of the day, are going to take a $50+ billion dollar loss on this bloated pig of a stock/firm.

[xchrom]

1. recommend

[Rex]

2. Well I have no doubt that if GM asked the govt to start killing babies

in hopes that the Profit God will be pleased...our govt would start immediately and with great joy.

[Schema Thing]

3. I'll bet you could never get this writer to account for his math