I’ve come up with a conspiracy involving the highest levels of government and finance and billions of dollars. Tell me what you think about this.
What got me thinking about this is the screaming orgasms the “market” is having over today’s GM IPO. That immediately made me think that something’s rotten in Denmark.
Who the hell is excited to own the automobile manufacturing version of Fannie and Freddie who has $952 trillion in union thug pension liabilities?
Not only does that not exactly strike me as the new Apple, it strikes me as a piece of shit that I wouldn’t buy at an estate sale.
So here’s my conspiracy. The Fed’s first $8 billion QE2 purchase of Treasuries happened last Friday. I assume the bulk of that went to the largest domestic financial institutions…….the same institutions who are today buying up a shitload of GM shares.
Fed government has to unload its remaining GM shares in the mid $50s range to “break-even” on that takeover. QE2 Treasury purchases over the next month are supposed to total around $100 billion and if, perchance, some of that went to buy GM stock, why, that could push the stock price up. Towards the mid $50s range.
Connect the dots man!!
OH NO YOU DINNIT!!!
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