Obama administration wants fast-track IPO for General Motors

The Obama administration wants to hurry up its initial public offering (IPO) of General Motors Co. shares to reduce its majority stake in the automaker, according to Ron Bloom, the head of the U.S. government’s autos task force, in an interview with Reuters. At the earliest, an IPO for GM could come in the fourth quarter of 2010.
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eidos2004 - 11/19/2009 8:02:08 PM

+2 Boost

I guess it's not fun anymore owning a business that loses a substantial amount of money--especially one that will probably file for bankruptcy again.

Joe_Limon - 11/20/2009 3:11:56 AM

+1 Boost

They are only losing a quarter the money Porsche is losing, and porsche only makes like 100,000 vehicles a year.

EL34 - 11/20/2009 9:12:35 AM

-2 Boost

That nitwit Obama can go to hell.

LexSucks - 11/20/2009 9:45:53 AM

+2 Boost

Yeah... We need someone like Palin Running things!!

bfghemicuda - 11/21/2009 1:46:19 PM

+1 Boost

Above all ... The sooner GM and Chrysler can get the government off there backs the better. I'm chearing for both even though i'm not a GM fan. I will love the day both do well so the naysayers can eat crow.