We all know about GM and what we did to help bail them out. I guess uncle sam found some money, printed some money, took our tax money, or vouched for GM to let them reorganize. At least thats what we hear on all the news channels. That we the American tax payer, helped bail them out. FYI, My old GM stock is worthless.
So GM with a new plan, dug in, did what they to do to be profitable and found a way out from underneath that heavy bow tie and all the money woes they created for themselves now has an initial stock offering. (initial public offering....did you say public)
That sounds great!, but wait, I can't log onto my TD account and buy any. What? The only people who can purchase the stock are dealers, past employees and current employee's.....oh, I forgot the big brokerage houses who intern will sell it to us or keep all the fat money for themselves. Brokerage houses = wall street. Did we not bail them out also? So if I understand this correctly, we the people who bailed everyone out the latest financial disaster is last on the list to buy any of the product we helped create?
Say it ain't so.