Yet one more thing for the Republican House to investigate.

--- On Sat, 11/20/10, Nicholas Geti <[email protected]> wrote:

> From: Nicholas Geti <[email protected]>
> Subject: [OT] GM pathetic mess
> To: [email protected]
> Date: Saturday, November 20, 2010, 12:21 AM
> This GM IPO is looking worse and
> worse. If anyone tried to duplicate this shenanigan they
> would be in jail. The latest wrinkle is that GM is now
> allowed to carry forward all their losses of the old GM and
> claim a tax break for years to come. The amount is $45B.
> 
> Not only did the taxpayers have to take the initial hit,
> and then not get the benefit of subscribing to the IPO now
> they have to lose tax revenues of $45B.
> 
> http://finance.yahoo.com/news/The-5-Dumbest-Things-on-Wall-tsmf-2687022059.html?x=0&sec=topStories&pos=5&asset=&ccode=
> 
> 
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