I was somewhat surprised to read that General Motors is planning to sell stock sometime in the near future a little over a year from its “bankruptcy.” I used the parenthesis around bankruptcy because what the Obama Administration did for General Motors was not a typical bankruptcy. Investors were not protected or given preference as was their right;
Even though he may me the most irrelevant rich guy on Earth, I can not help but note Michael Moore’s latest attempt at lucidity. I did say attempt because he did not achieve anything close to clarity. On June 1, 2009 Moore expressed his delight at the demise of General Motors, herein called Government Motors. He claims to be troubled by the expected loss of jobs, but he cannot hold back his elation.
