Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (23119)	5/10/2005 5:35:23 PM
From: sea_urchin	Read Replies (1) of 81225

>Lunch time in the US For some. rense.com >>Wall Street Vultures Circle U.S. stock markets were sent "booming" on May 4 by a strike on GM, by corporate vulture Kirk Kerkorian, who made a sudden move to raise his holdings to 9% of all GM stock. Showing the ghoulish character of this Wall Street move, the big auto supplier Arvin Meritor's stock also boomed that day, as it announced that it was closing 11 plants and laying off 1,830 workers. After the severe auto sales slump of the Bush "41" term, corporate raider Kerkorian had tried to seize control of Chrysler Corporation in 1994-95. What he wants now is to bite off and get control of the residential mortgage unit of GMAC, the source of half of GMAC's profit, although it represents less than 20% of its business. The Wall Street Journal, in several articles on May 5, made clear that Kerkorian's strike was aimed at enforcing Wall Street's strategy upon GM. More broadly, the fact that a financial vulture firm like Kerkorian's is circling General Motors, shows that GM is being taken down faster than anyone had thought.<<

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