THE REAL DANGER OF TARP...:

G.M. Prices Its Shares at $33 in Return to Stock Market (MICHAEL J. DE LA MERCED, 11/17/10, NY Times)

General Motors announced on Wednesday afternoon that it had priced its common shares at $33 each, setting a record for the largest initial public offering in American history. [...]

G.M. will return to the stock markets on Thursday, a year and a half after it filed for a quick government-sponsored bankruptcy to shed billions of dollars in debt and reshape its business.

The stock sale will also halve the Treasury Department’s stake to about 26 percent, speeding up the Obama administration’s effort to remove itself from G.M. That has also been a important goal for the company, which has long wanted to regain private ownership and shed the “Government Motors” label.

...is that we're going to end up making so much money off of it that we'll be tempted to sin again.

Posted by Orrin Judd at November 17, 2010 6:38 PM