posted
Aug 25, 2010 by News Gatherer
And my colleague AIM, Philip Levy, a notice on the blog to see under the hood of the GM (in particular in unfunded pensions), before concluding that the company is actually reborn from its ashes. The Economist, a leader with the above title, has demanded an apology from Obama "doomsayers" who predicted that 2008, the acquisition have been "very badly." The newspaper said GM is "reborn." Not so fast, says many other commentators: Investors Business Daily called it a "victory for the Obama administration" and "priorities of government, but a loss for the GM and the market. The popular stock guru Jim Cramer said that GM was "victim" of the November elections too early in a hurry to sell shares to the public. General Motors (GM) announced its intention to conduct an initial public offering (IPO) last week caused a cascade of comments, which ranging from the cautious optimism of applause and a deep skepticism and ridicule, even.
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