Posts Tagged ‘wall street’

Government Motors Becomes Less So, Thanks to Bush

Well, Government Motors (GM) has gone public, opening their sorry company up for public purchase through an initial public offering (IPO).  This means that private investors can now buy into the government-owned company (owned by the U.S. government to the tune of 60%).  This was a big deal in the automotive media and was supposedly [...]

Senate Exempts Car Dealers From Consumer Protection Regs

How nice.  The U.S. Senate couldn’t get an amendment through to add an exemption to the new banking and consumer loan regulations (as did the House of Representatives), so instead they cast a “nobody will notice this” vote later to allow their negotiators to include it when the bill is reconciled with the House version.  [...]