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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (562145)	4/21/2010 1:32:20 PM
From: tejek	Read Replies (1) \| Respond to of 1577595

* Dave Weigel "got an early look at a survey of state GOP delegates conducted by a Utah firm" yesterday, and it appears that incumbent Sen. Bob Bennett (R-Utah) is in very deep trouble this year. It's conceivable that Bennett will lose so badly at the state Republican convention in two weeks, there won't even be a primary.

To: bentway who wrote (562145)	4/21/2010 1:55:20 PM
From: i-node	Read Replies (3) \| Respond to of 1577595

>>> We OWN 61% of GM. When they emerge from bankruptcy, and are re-listed, it's likely that that stock will pay back every cent they owe us, and a LOT more. They "emerged" from bankruptcy last July. What has happened today is nothing more than a PR event. GM has not made any money, at least not in publicly available financial statements. Since they emerged from Ch.11 last year, through 12/31, they have lost some $4 Billion. In effect, they handed back to the federal government money that might have been part of the $22 Billion they were left with after Ch.11, or that could have been borrowed from someone else -- we just don't know. Or maybe they made a little money in Q1 that we don't know about yet. They are NOT going to be "re-listed". They will have an IPO -- new shares issued, which dilute the shares held by the federal government. The federal government stands little chance of getting its equity back, and frankly, will likely take a huge beating and because of that no is going to want to sell those shares because the news will report the huge loss that is being taken. I could be all wet, of course -- but logically, it is hard to see how we ever get out from under these shares.