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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (564)	1/13/2011 12:31:54 AM
From: Broken_Clock	1 Recommendation Respond to of 119361

Ted has me on ignore. Maybe you can enlighten him. -g- Govt cut chances of GM taxpayer recovery: panel Government reduced chances of full taxpayer recovery by selling GM shares at $33, panel says Email Print Companies:General Motors Company Common S Related Quotes Symbol Price Change GM 38.62 -0.13 Marcy Gordon, AP Business Writer, On Thursday January 13, 2011, 12:12 am WASHINGTON (AP) -- A new report from a congressional watchdog says that when the government sold a block of its shares in General Motors for $33 each, it reduced the chances of taxpayers fully recovering their $50 billion investment in the auto giant. The report issued Thursday by the Congressional Oversight Panel notes that the $85 billion bailout of GM, Chrysler and auto lender GMAC -- now known as Ally Financial -- appears to have put them on the path to financial stability. But it says the companies still face uncertain futures and taxpayers remain at risk. Government officials say that GM's stock price averaged only 3 percent above $33 in the month following the November initial public offering of stock, confirming the IPO was fairly priced.

To: Jim McMannis who wrote (564)	1/13/2011 8:50:32 AM
From: DebtBomb	Respond to of 119361

3rd fed bubble in a row....the real estate bubble bust made a lower low than the dotcom bubble bust. I suspect the bailout bubble will make a lower high and lower low, since everything is so much worse off now at this point in the DEBT BOMB. This chart also reflects cheap oil and 78 million baby boomers working and spending which is now in reverse. This is now the baby boomer bust. Baby boomer peak earnings and spending peaked in 2007 (so did the market) and fed bubbles milked them good. bigcharts.marketwatch.com