GM has a deal that Obama, and his sick friends, cannot resist. GM will buy back 200 million shares held by the US Treasury for $27.50 on December 18th – which is a sharp discount from the $33 price set during GM’s initial public offering in November 2010. The remaining 300 million shares may be bought within the next 12 to 15 months. So, another Obama deal that has screwed Americans again. Gee, who could not have seen that coming? What’s next Obama? Buy up the railroad for $100 Trillion and sell it to your pal, Warren Buffet, for a one dollar?
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