BREAKING: CNBC: SEC filing shows GM considering 100 to 1 Reverse Stock Split; exchanging debt for shares, Government would own 50% of the company…

Breaking on Fast Money Chyron: Terms of GM Swap not finalized, but govt would own over 50% of shares, Reverse split would be part of deal with Treasury (Argh Matey!) to swap GM Debt for shares…..

as Jeff Macke just said our Government is making up rules as they go along

for the folks still holding GM shares or debt Macke nailed it again: Abandon Hope All Ye Who Enter Here

Pirates all right, in the WH and Treasury….

May 5, 2009. Tags: , , , , , , , , . Big 3, Economy, Film, Finance, Obama Administration, Politics, Popular Culture, Uncategorized, Wall St. Comments off.

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