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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (57317)	4/3/2006 11:21:38 AM
From: shades	Respond to of 110194

GM sells majority of financing arm chicagotribune.com The Associated Press Published April 3, 2006, 6:53 AM CDT DETROIT -- General Motors Corp. announced today that it has reached an agreement to sell a 51 percent stake in its finance arm. GM said it expects to receive about $14 billion from the sale of General Motors Acceptance Corp. over the next three years. The stake is being purchased by a consortium of investors led by Cerberus Capital Management L.P., a private investment firm. The group also includes Citigroup Inc. and Aozora Bank Ltd. GM will receive $7.4 billion from the consortium at closing and an estimated $2.7 billion cash distribution from GMAC related to the conversion of most of GMAC and its U.S. subsidiaries into limited liability companies. In addition, GM will retain about $20 billion of GMAC automotive lease and retail assets and associated funding with an estimated net book value of $4 billion that will monetize over three years. Now Mish was saying something about 1 trillion in derivatives right?

To: Square_Dealings who wrote (57317)	4/3/2006 6:43:03 PM
From: russwinter	Respond to of 110194

I have spent time in all those cities, but no comparison to what I've seen here. If, and big if, China puts it's capital and resources into a massive green environmental cleanup and a sound renewable energy policy, it will be THE investment theme of the next five years or longer. Might be worth it to start a thread devoted to Chinese and Indian environmental developments? It will require a major restructuring of their entire economy, but not impossible given the command and control of their government. Diamond in his book referred to China as a "lurcher", with the potential for both good and bad.