July 26, 2012

In The News

General Motors Co. stock fell 1.2 percent Wednesday, closing at $18.80, down $0.22, on worries about Europe — the first time the Detroit automaker's stock has closed below $19 a share since its initial public offering.

The Detroit automaker has seen its share price tumble by more than 52 percent since it reached a high closing price in January 2011 of $38.90, just after going public in November 2010. The company has shed more than $30 billion in market capitalization over the last 18 months, and now is worth about $29 billion.
Government Motors was all set to announce a new automotive division known as Obamamobile but cancelled when it was learned that the new division's initial offering, the Wookie, was extremely unbalanced in the rear end, pulled uncontrollably to the left and the exhaust smelled like burnt okra.

Nature Abhors A Vacuum.

For the second time in less than a year, Iran’s top naval commander has said Iranian Navy vessels will soon be plying the Atlantic Ocean, having made great strides in recent years in expanding its presence beyond Iranian waters.

Rear Admiral Habibollah Sayyari’s comments came on the same day Iran launched its first domestically-built oil tanker. The 21,000-ton vessel, capable of carrying up to 750,000 barrels of oil, was ordered by Venezuela, and Sayyari’s remarks raise the possibility that a warship may escort the tanker on its delivery sailing to Iran’s Latin American ally.
in a dramatic reversal, Iranian Navy Admiral for Wet and Salty Jihad, Apul M'Deek Hout, announced that Iranian frigates would be limited to patrolling the Indian Ocean. This announcement comes on the heels that a new, very ferocious predator, the Bacon Shark, was discovered in the waters of the Atlantic and Pacific Oceans.

Those wondering why the Department of Justice has refused to go after Jon Corzine for the vaporization of $1.6 billion in MF Global client funds need look no further than the documents uncovered by the Government Accountability Institute that reveal that the now-defunct MF Global was a client of Attorney General Eric Holder and Assistant Attorney General Lanny Breuer’s former law firm, Covington & Burling.

There’s more.

Records also reveal that MF Global’s trustee for the Chapter 11 bankruptcy retained as its general bankruptcy counsel Morrison & Foerester--the very law firm from which Associate Attorney General Tony West came to DOJ.
There's nothing funny about this. Corruption in high places is a trademark of the Obama administration criminal enterprise. The outright theft of taxpayer dollars should be the largest RICO investigation in the history of American jurisprudence. There's more.


Woodsterman (Odie) said...

Well it sounds like the world is the same as it was a week ago. Accelerated incompetence is in the future though.

Kid said...

"the first time the Detroit automaker's stock has closed below $19 a share since its initial public offering."

Very misleading statement they made. Makes it sound like 19 was the IPO price. It was $34. And it's been in a downtrend ever since. The IPO was Nov, 2010.
GM hit a low of 19-ish Oct, 2011, and also mid Dec 2011.
That's called a "Triple Bottom", (yes the term was in play long before michele showed up)

If GM now falls below 19, traders are going to punish this stock and put it in free fall.

How many dodo's are out there holding GM stock (Again!)

How many Pension Funds are holding this POS ?!?

What would happen to GM, if the majority of the populace were informed that 7 of 10 GM vehicles come from China? According to the current Gm CEO around the 0:59 mark

sig94 said...

Odie - accelerated, amplified but never ameliorated.

sig94 said...

Kid - so lower than Michele's ass is the new term for complete destruction? Outstanding!

Kid said...

Sig, LOL!