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 [...]
Posts Tagged ‘wall street’
Senate Exempts Car Dealers From Consumer Protection Regs
May 25th, 2010
Aaron Turpen 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. [...]



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