David Souter has announced that he will retire from the Supreme Court at the end of the term. This came as news to the other members of the Supreme Court, who were pretty sure David left sometime in mid-1995. It gives Obama the chance to make his first nomination, so in the spirit of providing [...]
Archive for April 30th, 2009
Sullivan for Supreme Court
Posted in Obama on April 30, 2009 | Leave a Comment »
Please Explain This to Me
Posted in Finance, Industrial Policy, Obama on April 30, 2009 | 2 Comments »
So GM has presented its lenders with a plan to restructure the company to the following shareholdings: 89.9% (54.4bn shares) US Treasury and United Auto Workers 9.1% (5.5bn shares) current bond holders 1.0% (610mm shares) current equity holders GM shares closed at $1.81. Notice anything strange?
